Microchip Technology Incorporated $MCHP Shares Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. grew its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,407 shares of the semiconductor company’s stock after acquiring an additional 6,570 shares during the period. GF Fund Management CO. LTD.’s holdings in Microchip Technology were worth $7,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MCHP. Winnow Wealth LLC acquired a new stake in shares of Microchip Technology during the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in shares of Microchip Technology during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC raised its position in shares of Microchip Technology by 219.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Microchip Technology during the 3rd quarter worth approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MCHP shares. Wolfe Research set a $85.00 price objective on Microchip Technology in a research report on Tuesday, January 6th. B. Riley Financial lifted their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Needham & Company LLC lifted their target price on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Weiss Ratings cut shares of Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Finally, Morgan Stanley lifted their target price on shares of Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology Stock Up 2.5%

MCHP stock opened at $78.76 on Friday. The stock has a market capitalization of $42.62 billion, a P/E ratio of -271.59, a PEG ratio of 1.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. Microchip Technology Incorporated has a one year low of $37.41 and a one year high of $83.35. The company has a 50 day moving average price of $70.32 and a two-hundred day moving average price of $67.07.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the previous year, the company earned $0.20 EPS. Microchip Technology’s revenue for the quarter was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, sell-side analysts expect 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 Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.3%. Microchip Technology’s payout ratio is currently -627.59%.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.