ASR Vermogensbeheer N.V. Acquires 15,440 Shares of Microchip Technology Incorporated $MCHP

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Microchip Technology by 45% in Q2, acquiring an additional 15,440 shares, which brought its total holdings to 49,778 shares valued at approximately $3.5 million.
• Microchip Technology's latest earnings report showed an EPS of $0.27, exceeding estimates by $0.03, despite a year-over-year revenue decline of 13.3%.
• The firm recently declared a quarterly dividend of $0.455, reflecting an annualized dividend of $1.82 and a yield of 2.7%.

ASR Vermogensbeheer N.V. lifted its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 45.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,778 shares of the semiconductor company's stock after acquiring an additional 15,440 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Microchip Technology were worth $3,503,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd bought a new position in Microchip Technology in the first quarter worth about $369,612,000. Invesco Ltd. raised its stake in shares of Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock worth $808,787,000 after acquiring an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Microchip Technology by 138.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock worth $427,681,000 after acquiring an additional 5,136,154 shares in the last quarter. Boston Partners raised its stake in shares of Microchip Technology by 35.3% during the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock worth $517,082,000 after acquiring an additional 2,795,650 shares in the last quarter. Finally, Amundi raised its stake in shares of Microchip Technology by 22.7% during the 1st quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock worth $484,743,000 after acquiring an additional 1,849,866 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $66.54 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of -195.71, a PEG ratio of 1.89 and a beta of 1.55. The company's 50-day moving average is $65.67 and its two-hundred day moving average is $60.58. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.53.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm's quarterly revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology's dividend payout ratio is -535.29%.

Insider Buying and Selling at Microchip Technology

In other news, CFO James Eric Bjornholt sold 7,356 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the sale, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MCHP shares. Citigroup upped their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group began coverage on Microchip Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $88.00 target price on the stock. KeyCorp upped their target price on Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Evercore ISI increased their price objective on Microchip Technology from $69.00 to $83.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, TD Cowen cut their price objective on Microchip Technology from $75.00 to $60.00 and set a "hold" rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $75.75.

Microchip Technology Company Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.

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