Versor Investments LP Sells 9,372 Shares of Microchip Technology Incorporated $MCHP

Versor Investments LP cut its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 62.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,616 shares of the semiconductor company’s stock after selling 9,372 shares during the quarter. Versor Investments LP’s holdings in Microchip Technology were worth $358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Microchip Technology by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 73,506,339 shares of the semiconductor company’s stock valued at $4,683,824,000 after acquiring an additional 1,430,781 shares during the last quarter. Boston Partners increased its stake in shares of Microchip Technology by 9.5% in the 3rd quarter. Boston Partners now owns 16,234,332 shares of the semiconductor company’s stock valued at $1,044,024,000 after acquiring an additional 1,406,885 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Microchip Technology by 11.3% in the 3rd quarter. Victory Capital Management Inc. now owns 12,006,088 shares of the semiconductor company’s stock valued at $806,821,000 after acquiring an additional 1,215,939 shares during the last quarter. Bank of America Corp DE increased its stake 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 valued at $733,389,000 after acquiring an additional 1,803,831 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of 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 acquiring an additional 2,257,932 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Microchip Technology news, CEO Steve Sanghi sold 416,581 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the completion of the transaction, the chief executive officer owned 9,495,805 shares of the company’s stock, valued at $840,663,616.65. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 526,552 shares of company stock worth $47,130,465. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP opened at $97.04 on Friday. 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 stock has a 50 day simple moving average of $75.64 and a 200 day simple moving average of $70.34. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91. The firm has a market capitalization of $52.51 billion, a PE ratio of 462.12, a P/E/G ratio of 1.19 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm earned $0.11 EPS. Microchip Technology’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. Sell-side analysts predict that Microchip Technology Incorporated will post 2.21 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared 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 of this dividend is Friday, May 22nd. This represents a $1.82 dividend on an annualized basis and a yield of 1.9%. Microchip Technology’s dividend payout ratio is 866.67%.

Trending Headlines about Microchip Technology

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

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating on Microchip Technology and kept a $125 price target, signaling meaningful upside from current levels. Microchip Technology’s (MCHP) Overweight Rating Reaffirmed at Cantor Fitzgerald
• Positive Sentiment: Zacks Research upgraded Microchip Technology from Hold to Strong-Buy, adding to investor optimism around the stock. Microchip Technology was upgraded by Zacks Research from hold to strong-buy
• Positive Sentiment: Microchip announced the EX-423 Evacuated Miniature Crystal Oscillator (EMXO), a low-power, high-stability timing product aimed at mission-critical markets such as GPS/GNSS, military radios, medical devices, seismic systems, and satellite communications. The launch supports the company’s positioning in high-reliability applications. New EX-423 Evacuated Miniature Crystal Oscillator for Critical Timing in Low- and Battery-Powered Applications
• Neutral Sentiment: Another report highlighted Microchip’s recent outperformance context and noted that the stock has also been under pressure relative to some peers at times, suggesting mixed short-term trading rather than a clear change in fundamentals. Microchip Technology Inc. stock underperforms Wednesday when compared to competitors
• Neutral Sentiment: One article focused on Microchip’s long-term shareholder returns, which is informational but unlikely to move the stock on its own. Here’s How Much You’d Have If You Invested $1000 in Microchip Technology a Decade Ago
• Negative Sentiment: Despite the positive news flow, a report noted that MCHP underperformed competitors in recent trading, which may temper enthusiasm around near-term momentum. Microchip Technology Inc. stock underperforms Wednesday when compared to competitors

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Susquehanna upped their price target on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Barclays upped their price target on Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday. KeyCorp reiterated an “overweight” rating and issued a $85.00 price objective on shares of Microchip Technology in a research report on Friday, February 6th. Finally, Stifel Nicolaus set a $90.00 price objective on Microchip Technology in a research report on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $97.52.

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.