Microchip Technology Incorporated $MCHP Holdings Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Microchip Technology by 4.4%, owning about $29.3 million worth of shares after purchasing an additional 17,627 shares in Q2.
• Several institutional investors, including Goldman Sachs and Invesco, significantly raised their stakes in Microchip Technology during Q1, with Goldman Sachs increasing its holdings by 138.9%.
• Microchip Technology reported a quarterly EPS of $0.27, exceeding analysts' expectations, but experienced a 13.3% decline in revenue year-over-year.

Aberdeen Group plc lifted its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 414,832 shares of the semiconductor company's stock after buying an additional 17,627 shares during the period. Aberdeen Group plc owned approximately 0.08% of Microchip Technology worth $29,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd acquired a new stake in Microchip Technology during the 1st quarter valued at $369,612,000. Invesco Ltd. boosted its stake in Microchip Technology by 63.0% during the 1st 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. increased its holdings in shares of Microchip Technology by 138.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock worth $427,681,000 after purchasing an additional 5,136,154 shares during the period. Boston Partners raised its stake in shares of Microchip Technology by 35.3% in the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock valued at $517,082,000 after buying an additional 2,795,650 shares in the last quarter. Finally, Amundi raised its stake in Microchip Technology by 22.7% during the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock worth $484,743,000 after acquiring an additional 1,849,866 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm's 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 transaction, the chief financial officer directly owned 30,010 shares of the company's stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction 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 sale, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $60.41 on Monday. The firm has a market cap of $32.60 billion, a PE ratio of -177.68, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The firm's fifty day moving average is $65.26 and its 200-day moving average is $61.13. 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 52 week low of $34.13 and a 52 week high of $79.44.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $0.53 EPS. The business's quarterly revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Sell-side analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 3.0%. Microchip Technology's dividend payout ratio is currently -535.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Cantor Fitzgerald initiated coverage on Microchip Technology in a research note on Wednesday, June 18th. They issued a "neutral" rating and a $70.00 price target for 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. Wall Street Zen upgraded shares of Microchip Technology from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Stifel Nicolaus upped their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Zacks Research cut shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Microchip Technology has a consensus rating of "Moderate Buy" and an average price target of $75.75.

Microchip Technology Company 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.

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