MTM Investment Management LLC Takes Position in Microchip Technology Incorporated $MCHP

MTM Investment Management LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,191 shares of the semiconductor company’s stock, valued at approximately $84,000.

Several other institutional investors also recently bought and sold shares of MCHP. Vanguard Group Inc. lifted its stake in Microchip Technology by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 69,302,614 shares of the semiconductor company’s stock worth $3,354,940,000 after purchasing an additional 390,269 shares in the last quarter. Invesco Ltd. boosted its stake in Microchip Technology by 63.0% during the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after buying an additional 6,459,123 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Microchip Technology by 0.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after acquiring an additional 152,434 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Microchip Technology by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock worth $1,040,544,000 after buying an additional 343,210 shares during the last quarter. Finally, Boston Partners grew its position in Microchip Technology by 38.0% in the second quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock worth $1,040,114,000 after acquiring an additional 4,076,112 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction on Monday, August 25th. The shares were 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 $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the 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 in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Trading Down 2.4%

MCHP stock opened at $53.48 on Monday. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $77.20. The firm’s 50-day moving average is $63.28 and its 200 day moving average is $64.70. The company has a market capitalization of $28.90 billion, a PE ratio of -157.29, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Susquehanna dropped their price objective on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company cut their price objective on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Finally, Morgan Stanley raised their target price on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology 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.