Microchip Technology Incorporated $MCHP Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Microchip Technology by 18.7% in Q3, buying 194,048 shares to hold 1,233,018 shares worth about $79.18 million (0.23% of the company).
• Analysts have been raising targets recently—Cantor Fitzgerald to $100, Susquehanna to $90 and Needham to $84—and the stock carries a consensus Moderate Buy rating with an average target of $86.00.
• CEO Steve Sanghi sold 98,814 shares for roughly $7.96 million, while Microchip beat Q results with $0.44 EPS and announced a $0.455 quarterly dividend (about a 2.8% yield).

Natixis Advisors LLC boosted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,233,018 shares of the semiconductor company's stock after buying an additional 194,048 shares during the quarter. Natixis Advisors LLC owned 0.23% of Microchip Technology worth $79,184,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company's stock valued at $827,000 after purchasing an additional 5,835 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Microchip Technology by 101.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 616 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Microchip Technology by 482.6% during the second quarter. Golden State Wealth Management LLC now owns 903 shares of the semiconductor company's stock worth $64,000 after purchasing an additional 748 shares in the last quarter. Modera Wealth Management LLC purchased a new position in shares of Microchip Technology during the second quarter worth $267,000. Finally, Texas Yale Capital Corp. acquired a new stake in shares of Microchip Technology in the second quarter valued at $266,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCHP has been the topic of several research analyst reports. Cantor Fitzgerald boosted their price objective on Microchip Technology from $85.00 to $100.00 and gave the company an "overweight" rating in a report on Monday, February 2nd. Susquehanna lifted their target price on Microchip Technology from $75.00 to $90.00 and gave the company a "positive" rating in a research report on Thursday, January 22nd. Needham & Company LLC boosted their price target on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Wall Street Zen cut shares of Microchip Technology from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Mizuho raised their price objective on shares of Microchip Technology from $83.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Microchip Technology has an average rating of "Moderate Buy" and an average target price of $86.00.

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the company's stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.94% of the company's stock.

Microchip Technology Stock Down 4.4%

Microchip Technology stock opened at $64.82 on Monday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $83.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The stock has a market cap of $35.08 billion, a PE ratio of -223.52, a P/E/G ratio of 1.63 and a beta of 1.45. The stock's fifty day moving average is $74.23 and its two-hundred day moving average is $66.73.

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, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period in the prior year, the firm posted $0.20 EPS. The business'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. On average, sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology's dividend payout ratio (DPR) is presently -627.59%.

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.

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