43,725 Shares in Microchip Technology Incorporated $MCHP Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,725 shares of the semiconductor company’s stock, valued at approximately $3,077,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MCF Advisors LLC raised its position in shares of Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares during the last quarter. Carderock Capital Management Inc. acquired a new stake in shares of Microchip Technology during the second quarter worth $39,000. WPG Advisers LLC acquired a new stake in shares of Microchip Technology during the first quarter worth $40,000. Painted Porch Advisors LLC bought a new stake in Microchip Technology in the second quarter valued at about $40,000. Finally, Fourth Dimension Wealth LLC lifted its stake in Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 298 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MCHP has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Morgan Stanley lifted their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald lowered their target price on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Raymond James Financial increased their target price on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Friday, August 8th. Finally, Piper Sandler lifted their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus target price of $74.11.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $64.72 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20. The company’s 50 day moving average price is $60.13 and its two-hundred day moving average price is $64.53. The company has a market capitalization of $34.98 billion, a P/E ratio of -143.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.47.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.