Microchip Technology Incorporated $MCHP Shares Acquired by Danske Bank A S

Danske Bank A S increased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 276,422 shares of the semiconductor company’s stock after acquiring an additional 19,600 shares during the period. Danske Bank A S’s holdings in Microchip Technology were worth $17,614,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MCHP. Winnow Wealth LLC acquired a new stake in shares of Microchip Technology in the 3rd quarter worth about $25,000. Root Financial Partners LLC acquired a new position in Microchip Technology during the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC increased its stake in Microchip Technology by 219.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 329 shares during the period. Quent Capital LLC bought a new stake in shares of Microchip Technology during the 3rd quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Microchip Technology by 106.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

MCHP has been the subject of a number of research analyst reports. Needham & Company LLC upped their price target 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. JPMorgan Chase & Co. upped their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Wells Fargo & Company upped their price target on shares of Microchip Technology from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Finally, Piper Sandler upped their price target on shares of Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Stock Performance

Shares of MCHP opened at $93.95 on Monday. The firm’s 50 day moving average is $71.81 and its 200-day moving average is $68.44. The stock has a market capitalization of $50.84 billion, a P/E ratio of -323.97, a P/E/G ratio of 1.26 and a beta of 1.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. Microchip Technology Incorporated has a 12-month low of $46.68 and a 12-month high of $94.56.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities research analysts anticipate that Microchip Technology Incorporated will post 1.16 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a $0.455 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. Microchip Technology’s payout ratio is currently -627.59%.

Insider Activity

In other news, CEO Steve Sanghi sold 416,581 shares of Microchip Technology stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total value of $36,879,915.93. Following the transaction, the chief executive officer owned 9,495,805 shares of the company’s stock, valued at $840,663,616.65. The trade was a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.94% of the stock is owned by corporate insiders.

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.