Fiduciary Management Inc. WI Raises Holdings in Microchip Technology Incorporated $MCHP

Key Points

• Fiduciary Management Inc. WI increased its stake in Microchip Technology by 24.6%, owning approximately $125.6 million worth of shares as of the latest SEC filing.
• The company recently reported $0.27 EPS for the quarter, exceeding analysts' expectations, despite a 13.3% decline in revenue compared to the previous year.
• Microchip Technology announced a quarterly dividend of $0.455, translating to an annualized yield of 2.8%, with a negative payout ratio of -535.29%.

Fiduciary Management Inc. WI boosted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 24.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,595,057 shares of the semiconductor company's stock after acquiring an additional 512,565 shares during the quarter. Fiduciary Management Inc. WI owned 0.48% of Microchip Technology worth $125,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MCHP. Garde Capital Inc. purchased a new stake in Microchip Technology during the 1st quarter valued at about $30,000. Orion Capital Management LLC purchased a new stake in Microchip Technology during the 4th quarter valued at about $41,000. Byrne Asset Management LLC purchased a new stake in Microchip Technology during the 1st quarter valued at about $41,000. GW&K Investment Management LLC raised its position in Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 578 shares during the last quarter. Finally, American National Bank & Trust bought a new position in Microchip Technology during the 1st quarter valued at approximately $48,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Stock Down 1.0%

MCHP stock opened at $66.10 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The business's 50 day moving average price is $69.50 and its two-hundred day moving average price is $58.65. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $82.65. The company has a market capitalization of $35.67 billion, a price-to-earnings ratio of -194.41, a price-to-earnings-growth ratio of 1.93 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping 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 previous year, the firm posted $0.53 EPS. The business's revenue for the quarter was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 22nd. Microchip Technology's payout ratio is currently -535.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MCHP shares. TD Cowen lowered their price target on Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a research report on Friday, August 8th. The Goldman Sachs Group started coverage on Microchip Technology in a research report on Thursday, July 10th. They set a "buy" rating and a $88.00 price target for the company. KeyCorp upped their price target on Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Needham & Company LLC upped their price target on Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Truist Financial upped their price target on Microchip Technology from $52.00 to $64.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Microchip Technology has an average rating of "Moderate Buy" and a consensus 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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