Nissay Asset Management Corp Japan ADV Grows Holdings in Microchip Technology Incorporated $MCHP

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Microchip Technology by 10.1%, acquiring an additional 23,664 shares and bringing total ownership to $12.5 million.
• Wall Street analysts have varied ratings on Microchip Technology, upgrading target prices significantly; Mizuho, for example, raised its target from $78.00 to $85.00, while Zacks downgraded it from a "strong-buy" to a "hold".
• The company recently announced a quarterly dividend of $0.455 per share, with an annualized yield of 2.8%, although it has a negative dividend payout ratio of -535.29%.

Nissay Asset Management Corp Japan ADV grew its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 258,529 shares of the semiconductor company's stock after purchasing an additional 23,664 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Microchip Technology were worth $12,515,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Microchip Technology by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 69,302,614 shares of the semiconductor company's stock valued at $3,354,940,000 after acquiring an additional 390,269 shares during the last quarter. Invesco Ltd. increased its stake in shares of Microchip Technology by 63.0% in the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock valued at $808,787,000 after buying an additional 6,459,123 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Microchip Technology by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company's stock worth $805,087,000 after purchasing an additional 152,434 shares during the period. Boston Partners grew its stake in Microchip Technology by 35.3% in the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock valued at $517,082,000 after acquiring an additional 2,795,650 shares during the period. Finally, Amundi lifted its holdings in shares of Microchip Technology by 22.7% in the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock valued at $484,743,000 after purchasing an additional 1,849,866 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Microchip Technology Price Performance

NASDAQ:MCHP traded down $0.21 during midday trading on Thursday, hitting $64.54. The company had a trading volume of 1,949,495 shares, compared to its average volume of 10,198,407. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $81.64. The stock's fifty day moving average price is $68.42 and its 200-day moving average price is $59.60. The company has a market capitalization of $34.83 billion, a PE ratio of -189.64, a P/E/G ratio of 1.86 and a beta of 1.56. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company's revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology's dividend payout ratio (DPR) is -535.29%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MCHP shares. The Goldman Sachs Group assumed coverage on Microchip Technology in a research report on Thursday, July 10th. They set a "buy" rating and a $88.00 price target on the stock. KeyCorp increased their price target on Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald began coverage on Microchip Technology in a research report on Wednesday, June 18th. They set a "neutral" rating and a $70.00 target price for the company. Stifel Nicolaus increased their price target on Microchip Technology from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, UBS Group raised their target price on Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.58.

About Microchip Technology

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.