AustralianSuper Pty Ltd Sells 9,497 Shares of Microchip Technology Incorporated $MCHP

AustralianSuper Pty Ltd trimmed its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 36.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,708 shares of the semiconductor company’s stock after selling 9,497 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Microchip Technology were worth $1,176,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in Microchip Technology by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 81,670 shares of the semiconductor company’s stock valued at $5,747,000 after acquiring an additional 3,166 shares in the last quarter. Aequim Alternative Investments LP bought a new position in shares of Microchip Technology in the 2nd quarter worth $12,033,000. Bessemer Group Inc. lifted its stake in shares of Microchip Technology by 20.6% during the 2nd quarter. Bessemer Group Inc. now owns 26,748 shares of the semiconductor company’s stock worth $1,882,000 after purchasing an additional 4,578 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Microchip Technology by 6.6% during the second quarter. Nisa Investment Advisors LLC now owns 205,793 shares of the semiconductor company’s stock valued at $14,482,000 after purchasing an additional 12,764 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in Microchip Technology by 19.6% during the second quarter. Resonant Capital Advisors LLC now owns 11,271 shares of the semiconductor company’s stock valued at $793,000 after purchasing an additional 1,844 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP opened at $63.64 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock has a 50-day moving average of $65.24 and a two-hundred day moving average of $63.03. The stock has a market cap of $34.35 billion, a P/E ratio of -187.18, a P/E/G ratio of 1.85 and a beta of 1.55. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $79.44.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio is -535.29%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Susquehanna increased their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company started coverage on shares of Microchip Technology in a report on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price target on the stock. UBS Group upped their price target on Microchip Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Stifel Nicolaus raised their price objective on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Insiders Place Their Bets

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the 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 sale, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s 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 completion of the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The SEC filing for this sale provides additional information. 1.94% of the stock is owned by corporate 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.