Eurizon Capital SGR S.p.A. Invests $6.99 Million in Microchip Technology Incorporated $MCHP

Eurizon Capital SGR S.p.A. bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 109,634 shares of the semiconductor company’s stock, valued at approximately $6,989,000.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Microchip Technology by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 73,506,339 shares of the semiconductor company’s stock worth $4,683,824,000 after purchasing an additional 1,430,781 shares during the period. Boston Partners increased its stake in shares of Microchip Technology by 9.5% during the third quarter. Boston Partners now owns 16,234,332 shares of the semiconductor company’s stock worth $1,044,024,000 after purchasing an additional 1,406,885 shares during the period. Geode Capital Management LLC increased its stake in shares of Microchip Technology by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 15,394,985 shares of the semiconductor company’s stock worth $977,638,000 after purchasing an additional 213,188 shares during the period. Victory Capital Management Inc. increased its stake in Microchip Technology by 11.3% during the 3rd quarter. Victory Capital Management Inc. now owns 12,006,088 shares of the semiconductor company’s stock worth $806,821,000 after acquiring an additional 1,215,939 shares during the period. Finally, Bank of America Corp DE increased its stake in Microchip Technology by 18.8% during the 3rd quarter. Bank of America Corp DE now owns 11,419,944 shares of the semiconductor company’s stock worth $733,389,000 after acquiring an additional 1,803,831 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

MCHP has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Mizuho raised their price objective on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Truist Financial raised their price objective on Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, KeyCorp restated an “overweight” rating and set a $85.00 price objective on shares of Microchip Technology in a research note on Friday, February 6th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.52.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 3,667 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $90.87, for a total transaction of $333,220.29. Following the completion of the sale, the chief financial officer directly owned 28,573 shares in the company, valued at $2,596,428.51. This represents a 11.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Steve Sanghi sold 76,469 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.58, for a total value of $7,155,969.02. Following the sale, the chief executive officer owned 9,385,834 shares of the company’s stock, valued at approximately $878,326,345.72. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 548,302 shares of company stock valued at $49,186,035 in the last quarter. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP stock opened at $91.52 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The company has a market cap of $49.61 billion, a P/E ratio of 435.83, a P/E/G ratio of 1.00 and a beta of 1.73. The business has a fifty day simple moving average of $82.60 and a 200 day simple moving average of $73.19.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $0.11 EPS. Microchip Technology’s revenue for the quarter was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts forecast that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 22nd. Microchip Technology’s dividend payout ratio is currently 866.67%.

Key Stories Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip disclosed strong growth expectations for its Data Center Solutions Business Unit, with revenue projected to rise to about $500 million in 2026, reinforcing a positive growth outlook. Microchip Provides Data Center Solutions Business Unit Revenue Information
• Positive Sentiment: Microchip said datacenter and compute already represent a sizable portion of revenue, suggesting diversification into higher-growth end markets. Microchip Provides Data Center Solutions Business Unit Revenue Information
• Positive Sentiment: Analyst commentary remains constructive, with recent Buy/Overweight ratings and price targets well above the current trading range, supporting sentiment. 5 Momentum Stocks to Buy for June After an Impressive Rally in May
• Neutral Sentiment: Microchip announced it will present at the B of A Securities Global Technology Conference, which could provide a fresh update but does not change fundamentals by itself. Microchip Technology to Present at the B of A Securities Global Technology Conference 2026
• Neutral Sentiment: The company also appointed former executive Mitch Little to its board, a governance update that is unlikely to move the stock much on its own. Microchip Technology Appoints Mitch Little to Its Board of Directors
• Negative Sentiment: Recent commentary notes the stock has also been affected by broader semiconductor-sector rotation and profit-taking, and insider sales remain a mild overhang on sentiment. Microchip Appoints Former Executive Mitch Little as Director

About Microchip Technology

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.