Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 10,000 Shares of Microchip Technology Incorporated $MCHP

Generali Investments Towarzystwo Funduszy Inwestycyjnych trimmed its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 16.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,400 shares of the semiconductor company’s stock after selling 10,000 shares during the quarter. Microchip Technology comprises 1.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 16th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Microchip Technology were worth $3,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wolverine Asset Management LLC lifted its stake in shares of Microchip Technology by 3,833.7% during the fourth quarter. Wolverine Asset Management LLC now owns 37,921 shares of the semiconductor company’s stock valued at $2,416,000 after acquiring an additional 36,957 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in Microchip Technology in the fourth quarter worth about $6,691,000. Natixis Advisors LLC raised its holdings in Microchip Technology by 18.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock worth $79,184,000 after purchasing an additional 194,048 shares during the last quarter. Peregrine Investment Management Inc. acquired a new position in Microchip Technology during the 1st quarter valued at about $5,492,000. Finally, Epoch Investment Partners Inc. lifted its position in Microchip Technology by 16.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,349,136 shares of the semiconductor company’s stock valued at $85,967,000 after purchasing an additional 191,339 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Trading Up 1.8%

MCHP opened at $94.12 on Friday. The firm’s fifty day moving average is $92.74 and its two-hundred day moving average is $78.30. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09. The firm has a market cap of $51.02 billion, a PE ratio of 448.21, a price-to-earnings-growth ratio of 0.95 and a beta of 1.73. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities research analysts anticipate that Microchip Technology Incorporated will post 2.66 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.455 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.82 annualized dividend and a yield of 1.9%. Microchip Technology’s payout ratio is currently 866.67%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of recent research reports. Susquehanna boosted their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Wells Fargo & Company raised their price objective on shares of Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Citigroup upped their target price on shares of Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Rosenblatt Securities increased their price target on Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $125.00 price target on shares of Microchip Technology in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.18.

Insiders Place Their Bets

In other Microchip Technology news, CEO Steve Sanghi sold 416,581 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total value of $36,879,915.93. Following the completion of the transaction, the chief executive officer directly owned 9,495,805 shares of the company’s stock, valued at approximately $840,663,616.65. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $95.48, for a total value of $954,800.00. Following the completion of the sale, the director owned 20,665 shares of the company’s stock, valued at $1,973,094.20. This trade represents a 32.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 553,302 shares of company stock valued at $49,673,635 in the last three months. Insiders own 1.94% of the company’s stock.

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.