Strs Ohio Makes New $4.12 Million Investment in Microchip Technology Incorporated $MCHP

Key Points

• Strs Ohio has made a new investment of approximately $4.12 million in Microchip Technology, acquiring 85,000 shares of the semiconductor company's stock.
• Microchip Technology recently reported a quarterly earnings per share (EPS) of $0.27, surpassing analyst expectations and generating a revenue of $1.08 billion.
• The company announced a quarterly dividend of $0.455 per share, resulting in an annualized dividend yield of 2.8%.

Strs Ohio bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 85,000 shares of the semiconductor company's stock, valued at approximately $4,115,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Management LLC raised its holdings in shares of Microchip Technology by 3.8% in the 4th quarter. Gotham Asset Management LLC now owns 11,259 shares of the semiconductor company's stock valued at $646,000 after buying an additional 414 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Microchip Technology during the 4th quarter worth about $187,000. Toronto Dominion Bank boosted its position in shares of Microchip Technology by 3.5% in the 4th quarter. Toronto Dominion Bank now owns 308,684 shares of the semiconductor company's stock valued at $17,703,000 after purchasing an additional 10,560 shares during the period. State of Wyoming boosted its position in shares of Microchip Technology by 27.3% in the 4th quarter. State of Wyoming now owns 1,300 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 279 shares during the period. Finally, TrinityPoint Wealth LLC boosted its position in shares of Microchip Technology by 24.3% in the 4th quarter. TrinityPoint Wealth LLC now owns 6,070 shares of the semiconductor company's stock valued at $348,000 after purchasing an additional 1,187 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Microchip Technology Price Performance

MCHP stock opened at $64.70 on Monday. The stock has a 50-day moving average price of $68.12 and a two-hundred day moving average price of $59.68. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $81.64. 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 has a market cap of $34.92 billion, a PE ratio of -190.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.56.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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 predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology's payout ratio is currently -535.29%.

Insider Transactions at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total value 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. This represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MCHP. UBS Group increased their price objective on Microchip Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised Microchip Technology from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Needham & Company LLC boosted their price target on Microchip Technology from $66.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, August 8th. TD Cowen cut their price target on Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a report on Friday, August 8th. Finally, Citigroup boosted their price target on Microchip Technology from $68.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.58.

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.

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