Praxis Investment Management Inc. Sells 5,203 Shares of Microchip Technology Incorporated $MCHP

Praxis Investment Management Inc. lessened its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 37.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,616 shares of the semiconductor company’s stock after selling 5,203 shares during the period. Praxis Investment Management Inc.’s holdings in Microchip Technology were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MCHP. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Microchip Technology by 25.7% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock valued at $709,506,000 after buying an additional 2,257,932 shares during the period. Holocene Advisors LP grew its holdings in shares of Microchip Technology by 77.0% in the 3rd quarter. Holocene Advisors LP now owns 4,709,538 shares of the semiconductor company’s stock worth $302,447,000 after purchasing an additional 2,049,249 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Microchip Technology by 41.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock worth $436,559,000 after purchasing an additional 1,803,945 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Microchip Technology by 18.8% in the 3rd quarter. Bank of America Corp DE now owns 11,419,944 shares of the semiconductor company’s stock worth $733,389,000 after purchasing an additional 1,803,831 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Microchip Technology by 255.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,135,140 shares of the semiconductor company’s stock worth $150,271,000 after purchasing an additional 1,534,829 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Down 1.3%

Shares of NASDAQ:MCHP opened at $101.58 on Friday. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $103.24. The company’s 50-day moving average price is $73.27 and its two-hundred day moving average price is $69.20. 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 firm has a market cap of $54.97 billion, a P/E ratio of -350.28, a P/E/G ratio of 1.38 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, research analysts forecast that Microchip Technology Incorporated will post 1.16 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.455 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.82 dividend on an annualized basis and a yield of 1.8%. Microchip Technology’s dividend payout ratio is presently -627.59%.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 416,581 shares of the company’s 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 transaction, the chief executive officer directly owned 9,495,805 shares in the company, valued at approximately $840,663,616.65. This represents a 4.20% decrease in their position. The transaction 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. In the last 90 days, insiders have sold 526,552 shares of company stock worth $47,130,465. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

MCHP has been the topic of several analyst reports. Susquehanna upped their target price on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Stifel Nicolaus set a $90.00 target price on shares of Microchip Technology in a report on Friday, February 6th. Bank of America raised shares of Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Wednesday, January 28th. KeyCorp reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Microchip Technology in a report on Friday, February 6th. Finally, Wells Fargo & Company upped their target price on shares of Microchip Technology from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Microchip Technology News Summary

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Quarterly earnings beat — Microchip reported $0.57 EPS vs. $0.50 expected, signaling stronger profitability trends and beating consensus. Earnings Press Release
• Positive Sentiment: Raised guidance — MCHP updated 1Q FY2027 guidance with EPS of $0.67–$0.71 (consensus ~$0.56) and revenue of roughly $1.4–$1.5B (consensus ~$1.3B), pointing to continued demand momentum. Reuters: Forecasts Above Estimates
• Positive Sentiment: Top?line strength — Q4 net sales were $1.311B, up 35.1% year?over?year and above the midpoint of prior guidance, supporting management’s upbeat outlook. GlobeNewswire: Financial Results
• Positive Sentiment: Dividend declared — Board approved a quarterly cash dividend of $0.455 per share, which supports yield?seeking investors and signals confidence in cash flow. GlobeNewswire: Dividend Announcement
• Positive Sentiment: New product momentum — Announced LAN878x/LAN888x SPE PHY families (automotive/industrial) and Intel?collab timing modules for data centers/5G, reinforcing addressable market expansion in auto, industrial and infrastructure. GlobeNewswire: Product Release
• Neutral Sentiment: Analyst/coverage notes — Recent analyst commentary and articles debate valuation after a large run?up; these shape sentiment but don’t change fundamentals immediately. Yahoo Finance: Valuation Discussion
• Negative Sentiment: Profitability quirks — Despite the EPS beat, public filings note a negative net margin metric and mixed historical valuation multiples, which can raise questions about one?off items or margin sustainability. Earnings Press Release (margins)

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.