Microchip Technology Incorporated $MCHP Shares Purchased by National Pension Service

Key Points

• The National Pension Service increased its stake in Microchip Technology by 3.2%, now holding 797,862 shares valued at approximately $38.6 million.
• Microchip Technology's recent quarterly earnings exceeded estimates, reporting $0.27 earnings per share on $1.08 billion in revenue, although revenue declined by 13.3% year-over-year.
• The company announced a quarterly dividend of $0.455, providing a yield of 2.8%, with the dividend payout ratio currently at -535.29%.

National Pension Service grew its holdings in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 3.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 797,862 shares of the semiconductor company's stock after purchasing an additional 24,466 shares during the quarter. National Pension Service owned about 0.15% of Microchip Technology worth $38,624,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Garde Capital Inc. purchased a new position in Microchip Technology in the 1st quarter worth approximately $30,000. Orion Capital Management LLC purchased a new position in Microchip Technology in the 4th quarter worth approximately $41,000. Byrne Asset Management LLC purchased a new position in Microchip Technology in the 1st quarter worth approximately $41,000. GW&K Investment Management LLC lifted its stake in Microchip Technology by 161.0% in the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 578 shares in the last quarter. Finally, American National Bank & Trust purchased a new position in Microchip Technology in the 1st quarter worth approximately $48,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 2,015 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $55.78, for a total transaction of $112,396.70. Following the completion of the transaction, the chief financial officer directly owned 34,313 shares of the company's stock, valued at $1,913,979.14. The trade was a 5.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on MCHP shares. Needham & Company LLC lifted their price target on shares of Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, August 8th. UBS Group lifted their price target on shares of Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Zacks Research lowered shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday. Raymond James Financial lifted their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the company a "strong-buy" rating in a research report on Friday, August 8th. Finally, KeyCorp lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Microchip Technology has an average rating of "Moderate Buy" and an average price target of $76.58.

Microchip Technology Trading Up 2.3%

Microchip Technology stock traded up $1.4730 during trading on Wednesday, hitting $66.1830. The company had a trading volume of 6,193,530 shares, compared to its average volume of 10,413,656. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $82.87. 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's 50 day simple moving average is $69.60 and its 200-day simple moving average is $58.50. The stock has a market cap of $35.72 billion, a price-to-earnings ratio of -194.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its earnings results 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. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 22nd. Microchip Technology's payout ratio is presently -535.29%.

Microchip Technology Company 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.