IFM Investors Pty Ltd Has $7.09 Million Position in Microchip Technology Incorporated $MCHP

Key Points

• IFM Investors Pty Ltd increased its stake in Microchip Technology by 4.4% in Q2, acquiring a total of 100,687 shares valued at approximately $7.08 million.
• Multiple institutional investors have also boosted their positions in Microchip Technology, with total institutional ownership now at 91.51%.
• Analysts have given Microchip Technology an average rating of "Moderate Buy" with a target price of $75.75, following various upgrades from firms like UBS and Citigroup.

IFM Investors Pty Ltd raised its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,687 shares of the semiconductor company's stock after buying an additional 4,262 shares during the quarter. IFM Investors Pty Ltd's holdings in Microchip Technology were worth $7,085,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Carderock Capital Management Inc. acquired a new position in shares of Microchip Technology during the 2nd quarter worth about $39,000. Brady Family Wealth LLC acquired a new position in shares of Microchip Technology in the 2nd quarter valued at approximately $225,000. Fulton Bank N.A. grew its position in shares of Microchip Technology by 39.6% in the 2nd quarter. Fulton Bank N.A. now owns 14,962 shares of the semiconductor company's stock valued at $1,053,000 after purchasing an additional 4,242 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Microchip Technology by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 421,195 shares of the semiconductor company's stock valued at $30,773,000 after purchasing an additional 17,366 shares during the period. Finally, Atticus Wealth Management LLC acquired a new position in shares of Microchip Technology in the 2nd quarter valued at approximately $195,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen decreased their price objective 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. Cantor Fitzgerald assumed coverage on Microchip Technology in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $70.00 price objective for the company. Citigroup boosted their price objective on Microchip Technology from $68.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Susquehanna boosted their price objective on Microchip Technology from $60.00 to $90.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Finally, Mizuho boosted their price objective on Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.75.

Microchip Technology Stock Down 1.0%

NASDAQ MCHP traded down $0.67 during trading on Tuesday, hitting $64.73. The stock had a trading volume of 1,814,132 shares, compared to its average volume of 10,093,096. The company has a market capitalization of $34.93 billion, a PE ratio of -190.66, a P/E/G ratio of 1.87 and a beta of 1.56. The company's 50-day moving average price is $67.03 and its two-hundred day moving average price is $59.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $81.64.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

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

Insider Buying and Selling

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

Microchip Technology 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.