Microchip Technology Incorporated $MCHP Shares Bought by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management increased its stake in Microchip by 1.4%, buying 19,501 shares to hold 1,444,945 shares (≈$92.07M), making MCHP its 20th-largest holding and about 1.9% of the fund.
• Multiple large institutions — including Barrow Hanley, Holocene, Rafferty, Bank of America and Ameriprise — materially raised their MCHP positions, and institutional investors now own about 91.51% of the company.
• Microchip beat EPS ( $0.44 vs. $0.43 ) with revenue of $1.19B (up 15.6% YoY), set Q4 2026 guidance of $0.480–$0.520 EPS, and recently paid a $0.455 quarterly dividend (1.9% yield).

Fenimore Asset Management Inc grew its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,444,945 shares of the semiconductor company's stock after acquiring an additional 19,501 shares during the quarter. Microchip Technology comprises about 1.9% of Fenimore Asset Management Inc's holdings, making the stock its 20th largest position. Fenimore Asset Management Inc owned 0.27% of Microchip Technology worth $92,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of MCHP. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Microchip Technology by 25.7% during 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 acquiring an additional 2,257,932 shares during the last quarter. Holocene Advisors LP increased its stake in shares of Microchip Technology by 77.0% during the 3rd quarter. Holocene Advisors LP now owns 4,709,538 shares of the semiconductor company's stock valued at $302,447,000 after acquiring an additional 2,049,249 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of Microchip Technology by 41.0% during 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 acquiring an additional 1,803,945 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Microchip Technology by 18.8% during 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 acquiring an additional 1,803,831 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Microchip Technology by 255.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,135,140 shares of the semiconductor company's stock valued at $150,271,000 after acquiring an additional 1,534,829 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Microchip Technology Stock Up 1.1%

MCHP opened at $93.95 on Friday. The firm has a 50 day moving average price of $71.81 and a 200 day moving average price of $68.42. The company has a market cap of $50.84 billion, a PE ratio of -323.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.74. Microchip Technology Incorporated has a 1 year low of $46.68 and a 1 year high of $94.56. 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 (NASDAQ:MCHP - Get Free Report) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company's revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 1.16 earnings per share for the current year.

Microchip Technology Announces Dividend

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

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 416,581 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total value of $36,879,915.93. Following the completion of the sale, the chief executive officer owned 9,495,805 shares of the company's stock, valued at $840,663,616.65. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MCHP. Citigroup dropped their price objective on shares of Microchip Technology from $92.00 to $91.00 and set a "buy" rating for the company in a research note on Friday, February 6th. 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 note on Monday, January 26th. Piper Sandler increased their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. increased their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, February 6th. Finally, Wolfe Research set a $85.00 target price 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Microchip Technology Company 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.

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.