Microchip Technology Incorporated $MCHP Shares Bought by Swedbank AB

Key Points

• Swedbank AB increased its stake in Microchip Technology by 142.1%, holding a total of 59,762 shares valued at $4.2 million as of the latest reporting period.
• Equity analysts have boosted their price targets for Microchip Technology, with projections ranging from $75.75 to $90.00, reflecting a strong consensus rating of "Moderate Buy."
• Microchip Technology's latest earnings report revealed a net margin decline of 13.3% year-over-year despite reporting earnings per share of $0.27, slightly above analyst expectations.

Swedbank AB boosted its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 142.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,762 shares of the semiconductor company's stock after buying an additional 35,077 shares during the period. Swedbank AB's holdings in Microchip Technology were worth $4,205,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd purchased a new stake in shares of Microchip Technology in the first quarter valued at approximately $369,612,000. Invesco Ltd. grew its position in shares of Microchip Technology by 63.0% in the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock valued at $808,787,000 after purchasing an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Microchip Technology by 138.9% in the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock valued at $427,681,000 after purchasing an additional 5,136,154 shares in the last quarter. Boston Partners grew its position in shares of 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 purchasing an additional 2,795,650 shares in the last quarter. Finally, Amundi grew its position 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of analyst reports. Mizuho upped their price target on Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Raymond James Financial upped their price target on Microchip Technology from $65.00 to $75.00 and gave the company a "strong-buy" rating in a research report on Friday, August 8th. Citigroup upped their price target on Microchip Technology from $68.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Wells Fargo & Company initiated coverage on Microchip Technology in a research report on Monday, September 15th. They issued an "equal weight" rating and a $60.00 price objective for the company. Finally, Wall Street Zen upgraded Microchip Technology from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Microchip Technology presently has an average rating of "Moderate Buy" and an average price target of $75.75.

Microchip Technology Trading Up 0.4%

NASDAQ:MCHP traded up $0.25 during trading hours on Monday, reaching $65.40. 6,465,886 shares of the stock were exchanged, compared to its average volume of 7,540,407. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average of $67.03 and a two-hundred day moving average of $59.94. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $81.64. The company has a market capitalization of $35.30 billion, a price-to-earnings ratio of -192.35, a PEG ratio of 1.87 and a beta of 1.56.

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 positive return on equity of 6.24% and a negative net margin of 3.50%.The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The firm's revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities 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. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is presently -535.29%.

Insider Buying and Selling at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the sale, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

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.