Microchip Technology Incorporated $MCHP Shares Acquired by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management boosted its stake by 3,833.7% in Q4, buying 36,957 shares to hold 37,921 Microchip shares valued at $2.42M; several other large funds also added positions and institutions now own about 91.51% of the stock.
• CEO Steve Sanghi sold 416,581 shares at an average $88.53 under a Rule 10b5-1 plan for roughly $36.9M, with insiders selling 526,552 shares (~$47.1M) in the quarter and retaining 1.94% ownership.
• Analysts give Microchip a consensus "Moderate Buy" with a $86 target; the stock trades near $95 (market cap $51.5B), the company beat quarterly EPS by $0.01 with revenue up 15.6% YoY, and guided Q4 2026 EPS to $0.480–$0.520.

Wolverine Asset Management LLC boosted its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 3,833.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,921 shares of the semiconductor company's stock after purchasing an additional 36,957 shares during the period. Wolverine Asset Management LLC's holdings in Microchip Technology were worth $2,416,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MCHP. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Microchip Technology by 25.7% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company's stock valued at $709,506,000 after purchasing an additional 2,257,932 shares in the last quarter. Holocene Advisors LP increased its holdings in Microchip Technology by 77.0% in the 3rd quarter. Holocene Advisors LP now owns 4,709,538 shares of the semiconductor company's stock valued at $302,447,000 after purchasing an additional 2,049,249 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in Microchip Technology by 41.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company's stock valued at $436,559,000 after purchasing an additional 1,803,945 shares in the last quarter. Bank of America Corp DE increased its holdings in Microchip Technology by 18.8% in the 3rd quarter. Bank of America Corp DE now owns 11,419,944 shares of the semiconductor company's stock valued at $733,389,000 after purchasing an additional 1,803,831 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Microchip Technology by 255.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,135,140 shares of the semiconductor company's stock valued at $150,271,000 after buying an additional 1,534,829 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Bank of America raised shares of Microchip Technology from a "neutral" rating to a "buy" rating and set a $95.00 price objective for the company in a research report on Wednesday, January 28th. Argus raised shares of Microchip Technology to a "strong-buy" rating in a research report on Monday, February 9th. Zacks Research cut shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. UBS Group upped their price objective on shares of Microchip Technology from $85.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, January 26th. Finally, Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Microchip Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 416,581 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the transaction, the chief executive officer owned 9,495,805 shares of the company's stock, valued at approximately $840,663,616.65. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 526,552 shares of company stock worth $47,130,465 over the last quarter. Company insiders own 1.94% of the company's stock.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $95.25 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. Microchip Technology Incorporated has a one year low of $46.68 and a one year high of $96.22. The company's 50-day simple moving average is $71.81 and its 200-day simple moving average is $68.44. The stock has a market capitalization of $51.54 billion, a price-to-earnings ratio of -328.44, a PEG ratio of 1.26 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the company posted $0.20 earnings per share. The company's quarterly revenue was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities analysts anticipate that Microchip Technology Incorporated will post 1.16 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. Microchip Technology's dividend payout ratio (DPR) is presently -627.59%.

Microchip Technology Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip's products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.

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