Microchip Technology Incorporated $MCHP Stock Holdings Increased by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD increased its holdings in Microchip Technology by 11.7%, owning approximately 2.8 million shares valued at $136.7 million at the end of the reporting period.
• Several institutional investors have also significantly increased their stakes in Microchip Technology, with Boothbay Fund Management LLC boosting its ownership by 570.3% in the last quarter.
• Microchip Technology reported earnings of $0.27 per share for the last quarter, exceeding analysts' expectations and revealing a revenue of $1.08 billion, though it was a decline of 13.3% year-over-year.

Price T Rowe Associates Inc. MD raised its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 11.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,824,213 shares of the semiconductor company's stock after purchasing an additional 296,379 shares during the period. Price T Rowe Associates Inc. MD owned 0.53% of Microchip Technology worth $136,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. increased its position in shares of Microchip Technology by 468.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 73,737 shares of the semiconductor company's stock worth $3,570,000 after purchasing an additional 60,760 shares during the last quarter. Everhart Financial Group Inc. bought a new stake in shares of Microchip Technology in the 1st quarter worth about $221,000. Texas Bank & Trust Co bought a new stake in shares of Microchip Technology in the 4th quarter worth about $792,000. Czech National Bank increased its position in shares of Microchip Technology by 6.1% in the 1st quarter. Czech National Bank now owns 123,528 shares of the semiconductor company's stock worth $5,980,000 after purchasing an additional 7,093 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Microchip Technology in the 1st quarter worth about $318,000. Institutional investors own 91.51% of the company's stock.

Microchip Technology Stock Performance

NASDAQ:MCHP traded down $1.40 during mid-day trading on Thursday, hitting $65.25. The stock had a trading volume of 13,996,951 shares, compared to its average volume of 10,391,210. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $82.65. The stock has a market capitalization of $35.21 billion, a price-to-earnings ratio of -191.91, a P/E/G ratio of 1.96 and a beta of 1.55. The company has a 50 day simple moving average of $69.55 and a 200-day simple moving average of $59.07. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80.

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

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, August 22nd. Microchip Technology's payout ratio is presently -535.29%.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 7,356 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. The trade was a 19.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the business's stock in a transaction that occurred 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 $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on MCHP shares. Mizuho lifted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Cantor Fitzgerald started coverage on shares of Microchip Technology in a report on Wednesday, June 18th. They issued a "neutral" rating and a $70.00 price target for the company. Morgan Stanley lifted their price target on shares of Microchip Technology from $39.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. TD Cowen decreased their price target on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a report on Friday, August 8th. Finally, 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 report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.