Lansforsakringar Fondforvaltning AB publ Takes Position in Microchip Technology Incorporated $MCHP

Key Points

• Lansforsakringar Fondforvaltning AB has acquired a new position in Microchip Technology, purchasing 6,575 shares valued at approximately $318,000 in the first quarter.
• Several institutional investors, including Invesco Ltd. and Goldman Sachs Group Inc., have significantly increased their stakes in Microchip Technology, reflecting growing confidence in the semiconductor company.
• Equities analysts have raised price targets for Microchip Technology, with Bank of America and KeyCorp both upgrading their ratings and setting new target prices ranging from $56.00 to $85.00.

Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,575 shares of the semiconductor company's stock, valued at approximately $318,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC increased its stake in Microchip Technology by 58.0% during the first quarter. CreativeOne Wealth LLC now owns 45,572 shares of the semiconductor company's stock valued at $2,206,000 after acquiring an additional 16,730 shares during the period. Redwood Investment Management LLC bought a new position in Microchip Technology during the first quarter valued at about $1,381,000. Epoch Investment Partners Inc. bought a new position in Microchip Technology during the first quarter valued at about $43,595,000. Cramer Rosenthal Mcglynn LLC increased its stake in Microchip Technology by 13.9% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 186,168 shares of the semiconductor company's stock valued at $9,012,000 after acquiring an additional 22,704 shares during the period. Finally, Potomac Fund Management Inc. ADV increased its stake in Microchip Technology by 10.6% during the first quarter. Potomac Fund Management Inc. ADV now owns 14,234 shares of the semiconductor company's stock valued at $689,000 after acquiring an additional 1,367 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the company's stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Price Performance

NASDAQ MCHP traded up $1.49 during trading hours on Friday, reaching $65.92. 7,765,182 shares of the company's stock were exchanged, compared to its average volume of 8,738,270. The stock has a market cap of $35.58 billion, a PE ratio of -193.88, a price-to-earnings-growth ratio of 1.89 and a beta of 1.56. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $81.64. The firm has a fifty day moving average of $68.82 and a 200-day moving average of $59.53. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released 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. The business had revenue of $1.08 billion for 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%.Microchip Technology's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities research analysts predict 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 was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.8%. Microchip Technology's dividend payout ratio is currently -535.29%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MCHP. UBS Group boosted their price target on Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, July 7th. KeyCorp increased their target price on Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Piper Sandler increased their target price on Microchip Technology from $65.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Susquehanna increased their target price on Microchip Technology from $60.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, Bank of America raised Microchip Technology from an "underperform" rating to a "neutral" rating and set a $56.00 target price for the company in a report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.