Microchip Technology Incorporated $MCHP Stake Increased by Holocene Advisors LP

Holocene Advisors LP lifted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 149.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,660,289 shares of the semiconductor company’s stock after buying an additional 1,592,159 shares during the period. Holocene Advisors LP owned about 0.49% of Microchip Technology worth $187,205,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MCHP. Townsquare Capital LLC increased its holdings in shares of Microchip Technology by 3.9% in the 1st quarter. Townsquare Capital LLC now owns 17,361 shares of the semiconductor company’s stock valued at $840,000 after purchasing an additional 653 shares during the period. Virtu Financial LLC grew its position in Microchip Technology by 51.8% during the first quarter. Virtu Financial LLC now owns 8,088 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 2,760 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Microchip Technology by 7.3% in the 1st quarter. Public Sector Pension Investment Board now owns 83,364 shares of the semiconductor company’s stock valued at $4,036,000 after buying an additional 5,655 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Microchip Technology by 6.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 164,529 shares of the semiconductor company’s stock worth $7,972,000 after buying an additional 9,568 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Microchip Technology by 54.0% during the 1st quarter. Russell Investments Group Ltd. now owns 611,883 shares of the semiconductor company’s stock valued at $29,750,000 after buying an additional 214,674 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen reduced their price objective on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, November 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $80.00 price target on shares of Microchip Technology in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Stifel Nicolaus reduced their target price on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and a consensus price target of $74.95.

Microchip Technology Price Performance

NASDAQ MCHP opened at $67.18 on Friday. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $77.20. The company has a fifty day simple moving average of $60.42 and a 200 day simple moving average of $64.90. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The company has a market cap of $36.31 billion, a P/E ratio of -149.29, a P/E/G ratio of 2.18 and a beta of 1.47.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a $0.455 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. Microchip Technology’s dividend payout ratio (DPR) is -404.44%.

Microchip Technology Company 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.