Jump Financial LLC Buys 32,229 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Jump Financial LLC increased its stake in Microchip Technology by 55.5%, acquiring an additional 32,229 shares, bringing its total holdings to 90,301 shares valued at approximately $4.37 million.
• Several institutional investors have recently adjusted their positions in Microchip Technology, with holdings predominantly owned by hedge funds and institutional investors, representing 91.51% of the stock.
• Microchip Technology announced a quarterly dividend of $0.455 per share scheduled for payment on September 5th, which translates to an annualized dividend yield of 2.7%.

Jump Financial LLC lifted its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 55.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,301 shares of the semiconductor company's stock after purchasing an additional 32,229 shares during the period. Jump Financial LLC's holdings in Microchip Technology were worth $4,371,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MCHP. MGO One Seven LLC boosted its holdings in shares of Microchip Technology by 23.0% during the fourth quarter. MGO One Seven LLC now owns 4,420 shares of the semiconductor company's stock worth $253,000 after purchasing an additional 827 shares during the period. Bellwether Advisors LLC purchased a new stake in shares of Microchip Technology during the fourth quarter worth about $8,776,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Microchip Technology by 0.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 332,429 shares of the semiconductor company's stock worth $19,065,000 after purchasing an additional 3,030 shares during the period. Northern Trust Corp boosted its holdings in shares of Microchip Technology by 4.7% during the fourth quarter. Northern Trust Corp now owns 6,958,502 shares of the semiconductor company's stock worth $399,070,000 after purchasing an additional 311,796 shares during the period. Finally, Lido Advisors LLC boosted its holdings in shares of Microchip Technology by 5.5% during the fourth quarter. Lido Advisors LLC now owns 50,030 shares of the semiconductor company's stock worth $2,869,000 after purchasing an additional 2,613 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Stock Down 2.1%

Shares of MCHP traded down $1.40 on Thursday, hitting $65.25. 13,996,951 shares of the stock traded hands, compared to its average volume of 9,616,931. The company has a market capitalization of $35.21 billion, a PE ratio of -191.91, a P/E/G ratio of 1.93 and a beta of 1.55. 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 has a 50 day simple moving average of $69.50 and a 200 day simple moving average of $59.17. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $82.65.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The firm's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 dividend yield of 2.8%. Microchip Technology's dividend payout ratio (DPR) is -535.29%.

Insider Activity at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director directly owned 30,665 shares of the company's stock, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on MCHP shares. B. Riley raised their price objective on shares of Microchip Technology from $60.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Mizuho raised their price objective on shares of Microchip Technology from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. KeyCorp raised their price objective on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Morgan Stanley raised their price objective on shares of Microchip Technology from $39.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus raised their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Microchip Technology presently has a consensus rating of "Moderate Buy" and an average price target of $76.58.

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.