Microchip Technology Incorporated $MCHP Shares Bought by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB increased its stake in Microchip by 19.1% to 430,616 shares (about $27.44M), joining other large institutional buyers such as Norges Bank, Dodge & Cox, Boston Partners and State Street.
• Microchip reported Q4 EPS of $0.44 (beat by $0.01) on $1.19B revenue, up 15.6% year-over-year, and set Q4 2026 guidance of $0.48–$0.52 EPS; analysts hold a consensus Moderate Buy with a $86 price target.
• CEO Steve Sanghi sold 98,814 shares for about $7.96M, and the company paid a quarterly dividend of $0.455 per share (annualized yield ≈2.8%).

E. Ohman J or Asset Management AB grew its holdings in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 430,616 shares of the semiconductor company's stock after acquiring an additional 69,167 shares during the period. E. Ohman J or Asset Management AB owned about 0.08% of Microchip Technology worth $27,439,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MCHP. Norges Bank acquired a new stake in Microchip Technology in the 2nd quarter valued at $473,320,000. Dodge & Cox grew its stake in shares of Microchip Technology by 958.4% in the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company's stock valued at $446,132,000 after buying an additional 5,740,827 shares in the last quarter. Boston Partners raised its holdings in shares of Microchip Technology by 38.2% during the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company's stock valued at $1,041,868,000 after buying an additional 4,101,034 shares during the period. State Street Corp lifted its position in Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company's stock worth $2,244,016,000 after acquiring an additional 2,489,258 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted 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 worth $709,506,000 after acquiring an additional 2,257,932 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Stock Up 2.2%

Shares of Microchip Technology stock opened at $64.34 on Tuesday. The stock has a market capitalization of $34.82 billion, a price-to-earnings ratio of -221.86, a PEG ratio of 1.59 and a beta of 1.45. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The business's 50 day simple moving average is $73.12 and its 200-day simple moving average is $66.59.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued 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 2.8%. Microchip Technology's payout ratio is -627.59%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MCHP. Citigroup dropped their price objective on shares of Microchip Technology from $92.00 to $91.00 and set a "buy" rating on the stock in a research note on Friday, February 6th. BNP Paribas Exane upgraded Microchip Technology from a "neutral" rating to an "outperform" rating and set a $90.00 price objective for the company in a research note on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on Microchip Technology from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. Truist Financial raised their price target on shares of Microchip Technology from $60.00 to $68.00 and gave the stock a "hold" rating in a research report on Friday, February 6th. Finally, B. Riley Financial increased their price objective on shares of Microchip Technology from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $86.00.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the company's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.94% of the company's stock.

About Microchip Technology

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.

Want to see what other hedge funds are holding MCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microchip Technology Incorporated (NASDAQ:MCHP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.