Villere ST Denis J & Co. LLC Has $22.62 Million Holdings in Microchip Technology Incorporated $MCHP

Villere ST Denis J & Co. LLC cut its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 355,017 shares of the semiconductor company’s stock after selling 11,065 shares during the period. Microchip Technology makes up approximately 2.3% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 24th largest position. Villere ST Denis J & Co. LLC owned about 0.07% of Microchip Technology worth $22,622,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective 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 26th. BNP Paribas Exane upgraded shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, January 22nd. Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a research note on Tuesday, January 6th. Cantor Fitzgerald increased their price objective on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Finally, Truist Financial increased their price objective on shares of Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the transaction, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.94% of the company’s stock.

Microchip Technology Stock Up 1.9%

MCHP stock opened at $82.48 on Thursday. The stock has a market capitalization of $44.63 billion, a P/E ratio of -284.41, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a 12 month low of $41.63 and a 12 month high of $83.35. The firm has a 50-day moving average price of $70.55 and a 200-day moving average price of $67.40.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion during 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 for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, equities research analysts anticipate that Microchip Technology Incorporated will post 1.16 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a $0.455 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.2%. Microchip Technology’s dividend payout ratio is -627.59%.

Microchip Technology 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.