PFA Pension Forsikringsaktieselskab Acquires New Holdings in Microchip Technology Incorporated $MCHP

Key Points

• PFA Pension Forsikringsaktieselskab acquired a new stake of 168,723 shares in Microchip Technology (NASDAQ:MCHP) during Q4, valued at about $10.9 million per its latest 13F filing.
• Institutional ownership is high at 91.51%, with multiple funds (including AQR, AXA and the Treasurer of North Carolina) increasing their MCHP positions recently, signaling broad institutional accumulation.
• CEO Steve Sanghi sold 416,581 shares on April 23 for roughly $36.88 million under a pre-arranged Rule 10b5-1 plan, reducing his stake by about 4.2%.

PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 168,723 shares of the semiconductor company's stock, valued at approximately $10,913,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MCHP. AQR Capital Management LLC raised its stake in shares of Microchip Technology by 51.3% during the first 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 in the last quarter. Geneos Wealth Management Inc. raised its position in Microchip Technology by 101.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company's stock worth $59,000 after acquiring an additional 616 shares in the last quarter. Cresset Asset Management LLC raised its position in Microchip Technology by 5.4% in the second quarter. Cresset Asset Management LLC now owns 11,433 shares of the semiconductor company's stock worth $805,000 after acquiring an additional 589 shares in the last quarter. AXA S.A. raised its position in Microchip Technology by 21.3% in the second quarter. AXA S.A. now owns 51,552 shares of the semiconductor company's stock worth $3,628,000 after acquiring an additional 9,043 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Microchip Technology by 1.6% in the second quarter. Treasurer of the State of North Carolina now owns 246,530 shares of the semiconductor company's stock worth $17,348,000 after acquiring an additional 3,851 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Performance

Shares of MCHP opened at $93.95 on Monday. The business's 50-day moving average price is $71.81 and its 200 day moving average price is $68.44. The stock has a market capitalization of $50.84 billion, a P/E ratio of -323.97, a P/E/G ratio of 1.26 and a beta of 1.75. Microchip Technology Incorporated has a 1-year low of $46.68 and a 1-year high of $94.56. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82.

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 for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.Microchip Technology's revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Analysts expect that Microchip Technology Incorporated will post 1.16 earnings per share for the current year.

Microchip Technology Announces Dividend

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

Insiders Place Their Bets

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

Analyst Ratings Changes

MCHP has been the topic of several research reports. KeyCorp reiterated an "overweight" rating and issued a $85.00 price target on shares of Microchip Technology in a research report on Friday, February 6th. Cantor Fitzgerald boosted their price target on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an "overweight" rating in a research report on Monday, February 2nd. 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 report on Friday, February 6th. Zacks Research cut shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Finally, Piper Sandler boosted their price target 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. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.

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