Oppenheimer Asset Management Inc. Lowers Stake in Microchip Technology Incorporated $MCHP

Oppenheimer Asset Management Inc. lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,062 shares of the semiconductor company’s stock after selling 7,456 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Microchip Technology were worth $14,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jennison Associates LLC bought a new position in shares of Microchip Technology during the 4th quarter valued at $5,927,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Microchip Technology during the 4th quarter valued at $38,000. Vest Financial LLC grew its holdings in shares of Microchip Technology by 92.8% during the 4th quarter. Vest Financial LLC now owns 63,534 shares of the semiconductor company’s stock valued at $4,048,000 after purchasing an additional 30,588 shares during the last quarter. Washington Capital Management Inc. grew its holdings in shares of Microchip Technology by 10.8% during the 4th quarter. Washington Capital Management Inc. now owns 21,210 shares of the semiconductor company’s stock valued at $1,352,000 after purchasing an additional 2,075 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Microchip Technology by 25.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,862,384 shares of the semiconductor company’s stock valued at $309,867,000 after purchasing an additional 985,586 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Rosenblatt Securities increased their target price on shares of Microchip Technology from $80.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 6th. Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Finally, Argus raised shares of Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $93.95 on Friday. The firm has a market cap of $50.84 billion, a PE ratio of -323.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.74. Microchip Technology Incorporated has a 12-month low of $46.68 and a 12-month high of $94.56. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $71.81 and its two-hundred day simple moving average is $68.39.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 1.16 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 416,581 shares of Microchip Technology stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the sale, the chief executive officer 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.94% of the company’s stock.

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.