Microchip Technology Incorporated $MCHP Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lifted its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 45.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,778 shares of the semiconductor company’s stock after purchasing an additional 15,440 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Microchip Technology were worth $3,503,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MCHP. First Citizens Bank & Trust Co. increased its holdings 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 valued at $3,570,000 after acquiring an additional 60,760 shares during the period. Everhart Financial Group Inc. acquired a new position in Microchip Technology in the first quarter valued at $221,000. Sowell Financial Services LLC acquired a new position in Microchip Technology in the first quarter valued at $318,000. Thompson Investment Management Inc. increased its stake in Microchip Technology by 9.9% in the first quarter. Thompson Investment Management Inc. now owns 91,016 shares of the semiconductor company’s stock valued at $4,406,000 after purchasing an additional 8,175 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Microchip Technology by 35.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 33,554 shares of the semiconductor company’s stock valued at $1,624,000 after purchasing an additional 8,843 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MCHP shares. Cantor Fitzgerald started coverage on Microchip Technology in a research report on Wednesday, June 18th. They issued a “neutral” rating and a $70.00 price target on the stock. Citigroup boosted their target price on Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a report on Monday, July 7th. UBS Group boosted their price objective on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Wells Fargo & Company started coverage on shares of Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on shares of Microchip Technology in a research note on Thursday, July 10th. They set a “buy” rating and a $88.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were 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. This represents 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 currently owned by corporate insiders.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $66.54 on Friday. 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 firm’s fifty day simple moving average is $65.67 and its 200-day simple moving average is $60.58. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.53. The stock has a market cap of $35.91 billion, a PE ratio of -195.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.55.

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

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.7%. Microchip Technology’s dividend payout ratio is -535.29%.

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.