Perpetual Ltd Grows Position in Microchip Technology Incorporated $MCHP

Key Points

• Perpetual Ltd increased its stake in Microchip by 2.9%, buying 18,838 shares to hold 659,828 shares worth about $42.04 million (≈0.12% of the company).
• CEO Steve Sanghi sold 98,814 shares on Jan. 28 for roughly $7.96 million, reducing his position by about 0.99%; company insiders now own ~1.94% of the stock.
• Analysts have a consensus “Moderate Buy” with a $86 target; Microchip beat EPS estimates ( $0.44 vs. $0.43), reported revenue up 15.6% year‑over‑year, and the stock trades near $65.60 with a ~$35.5B market cap.

Perpetual Ltd grew its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,828 shares of the semiconductor company's stock after purchasing an additional 18,838 shares during the period. Perpetual Ltd owned approximately 0.12% of Microchip Technology worth $42,044,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Microchip Technology by 2.1% in the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company's stock worth $4,628,692,000 after acquiring an additional 1,507,554 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Microchip Technology by 13.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company's stock valued at $13,447,000 after acquiring an additional 24,963 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Microchip Technology by 498.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company's stock valued at $130,675,000 after acquiring an additional 1,694,533 shares in the last quarter. Natixis Advisors LLC boosted its position in Microchip Technology by 18.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company's stock worth $79,184,000 after purchasing an additional 194,048 shares during the period. Finally, Voya Investment Management LLC boosted its position in Microchip Technology by 37.2% during the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company's stock worth $215,881,000 after purchasing an additional 911,731 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity

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 value of $7,959,467.70. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MCHP. Wolfe Research set a $85.00 price target on Microchip Technology in a report on Tuesday, January 6th. Weiss Ratings downgraded Microchip Technology from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 27th. JPMorgan Chase & Co. increased their target price on Microchip Technology from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Susquehanna raised their target price on Microchip Technology from $75.00 to $90.00 and gave the company a "positive" rating in a report on Thursday, January 22nd. Finally, UBS Group boosted their price target on Microchip Technology from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Microchip Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.00.

Microchip Technology Stock Performance

Microchip Technology stock opened at $65.60 on Friday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week 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 stock has a market cap of $35.50 billion, a P/E ratio of -226.21, a price-to-earnings-growth ratio of 0.91 and a beta of 1.49. The stock has a 50 day moving average of $71.24 and a 200-day moving average of $66.53.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The business's revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, 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 was paid on Tuesday, March 10th. Stockholders 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 dividend yield of 2.8%. Microchip Technology's payout ratio is presently -627.59%.

Microchip Technology 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.

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