Mizuho Markets Americas LLC Sells 11,450 Shares of Microchip Technology Incorporated $MCHP

Mizuho Markets Americas LLC lowered its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 146,065 shares of the semiconductor company’s stock after selling 11,450 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Microchip Technology were worth $9,380,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MCHP. MCF Advisors LLC grew its position in shares of Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the period. Salomon & Ludwin LLC lifted its position 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 worth $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC acquired a new stake in Microchip Technology in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after buying an additional 267 shares during the last quarter. Finally, Painted Porch Advisors LLC bought a new position in shares of Microchip Technology in the 2nd quarter valued at about $40,000. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCHP has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price target on shares of Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Morgan Stanley increased their price target on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a research note on Tuesday, January 6th. Finally, Citigroup boosted their target price on Microchip Technology from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.38.

Microchip Technology Price Performance

MCHP stock opened at $74.70 on Monday. The firm has a 50 day simple moving average of $62.83 and a two-hundred day simple moving average of $65.19. The stock has a market cap of $40.37 billion, a PE ratio of -166.00, a P/E/G ratio of 2.25 and a beta of 1.46. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter 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, analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value 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. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is owned by corporate insiders.

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.