Canada Pension Plan Investment Board Grows Position in Microchip Technology Incorporated $MCHP

Key Points

• The Canada Pension Plan Investment Board increased its stake in Microchip Technology by 2,580.1% during the first quarter, owning 1,064,964 shares valued at approximately $51.6 million.
• Several institutional investors, including Invesco and Goldman Sachs, have significantly boosted their holdings in Microchip Technology, indicating a trend of increased institutional investment in the company.
• Microchip Technology reported earnings of $0.27 per share for the last quarter, exceeding expectations, though revenue decreased 13.3% year-over-year.

Canada Pension Plan Investment Board grew its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 2,580.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,064,964 shares of the semiconductor company's stock after purchasing an additional 1,025,228 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.20% of Microchip Technology worth $51,555,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MCHP. Invesco Ltd. boosted its stake in shares of Microchip Technology by 63.0% during the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock valued at $808,787,000 after purchasing an additional 6,459,123 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Microchip Technology by 138.9% during the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock valued at $427,681,000 after purchasing an additional 5,136,154 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Microchip Technology by 273.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,345,096 shares of the semiconductor company's stock valued at $306,541,000 after purchasing an additional 3,912,895 shares during the period. Boston Partners boosted its stake in shares of Microchip Technology by 35.3% during the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock valued at $517,082,000 after purchasing an additional 2,795,650 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in shares of Microchip Technology during the fourth quarter valued at approximately $93,196,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

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 stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director owned 30,665 shares of the company's stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $65.00 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $35.08 billion, a P/E ratio of -191.18, a P/E/G ratio of 1.88 and a beta of 1.55. The business has a fifty day simple moving average of $69.42 and a two-hundred day simple moving average of $59.29. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $82.65.

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

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.8%. Microchip Technology's dividend payout ratio (DPR) is currently -535.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Needham & Company LLC increased their price objective on Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Cantor Fitzgerald assumed coverage on shares of Microchip Technology in a research report on Wednesday, June 18th. They set a "neutral" rating and a $70.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Microchip Technology from $69.00 to $83.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Stifel Nicolaus boosted their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Wall Street Zen raised shares of Microchip Technology from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Microchip Technology currently has an average rating of "Moderate Buy" and an average target price of $76.58.

About Microchip Technology

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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