Microchip Technology Incorporated $MCHP Position Trimmed by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. significantly reduced its stake in Microchip Technology by 49.9%, ending with 20,007 shares valued at approximately $969,000.
• In the first quarter, other institutions increased their investments in Microchip Technology, with Invesco Ltd. and Goldman Sachs Group Inc. boosting their holdings by 63.0% and 138.9% , respectively.
• Microchip Technology reported earnings of $0.27 per share for the last quarter, surpassing estimates and generating revenue of $1.08 billion, although this marked a 13.3% decline year-over-year.

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,007 shares of the semiconductor company's stock after selling 19,889 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Microchip Technology were worth $969,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Invesco Ltd. grew its holdings in Microchip Technology by 63.0% in the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock worth $808,787,000 after buying an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Microchip Technology by 138.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock worth $427,681,000 after buying an additional 5,136,154 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Microchip Technology by 273.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,345,096 shares of the semiconductor company's stock valued at $306,541,000 after buying an additional 3,912,895 shares in the last quarter. Boston Partners grew its position in 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, Two Sigma Investments LP bought a new position in Microchip Technology in the 4th quarter valued at about $93,196,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $65.00 on Monday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $82.65. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $69.42 and a 200-day moving average of $59.32. The firm has a market cap of $35.08 billion, a price-to-earnings ratio of -191.18, a price-to-earnings-growth ratio of 1.88 and a beta of 1.56.

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, beating the consensus estimate of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.53 EPS. The business's revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction 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. This represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director directly owned 30,665 shares of the company's stock, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Truist Financial increased their target price on shares of Microchip Technology from $52.00 to $64.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Zacks Research lowered shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. KeyCorp increased their target price on shares of Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Rosenblatt Securities increased their target price on shares of Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Microchip Technology presently has a consensus rating of "Moderate Buy" and an average target price 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.

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