Silvant Capital Management LLC Purchases 7,335 Shares of Microchip Technology Incorporated $MCHP

Silvant Capital Management LLC grew its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,271 shares of the semiconductor company’s stock after buying an additional 7,335 shares during the quarter. Silvant Capital Management LLC’s holdings in Microchip Technology were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC grew its stake in Microchip Technology by 73.5% during the fourth quarter. Venture Visionary Partners LLC now owns 17,508 shares of the semiconductor company’s stock worth $1,116,000 after buying an additional 7,415 shares during the last quarter. MML Investors Services LLC grew its stake in Microchip Technology by 4.2% during the fourth quarter. MML Investors Services LLC now owns 48,220 shares of the semiconductor company’s stock worth $3,073,000 after buying an additional 1,945 shares during the last quarter. Fieldview Capital Management LLC bought a new stake in Microchip Technology during the fourth quarter worth about $1,196,000. Harber Asset Management LLC grew its stake in Microchip Technology by 9.9% during the fourth quarter. Harber Asset Management LLC now owns 100,082 shares of the semiconductor company’s stock worth $6,377,000 after buying an additional 8,992 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in Microchip Technology by 105.2% during the fourth quarter. Icon Wealth Advisors LLC now owns 5,356 shares of the semiconductor company’s stock worth $341,000 after buying an additional 2,746 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Price Performance

Shares of MCHP stock opened at $100.32 on Tuesday. The firm’s 50 day moving average is $88.55 and its 200-day moving average is $76.12. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The firm has a market capitalization of $54.38 billion, a price-to-earnings ratio of 477.74, a PEG ratio of 1.00 and a beta of 1.73. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.11 earnings per share. Microchip Technology’s 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 forecast that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s dividend payout ratio is currently 866.67%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MCHP shares. Citigroup upped their target price on shares of Microchip Technology from $91.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Susquehanna upped their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $125.00 target price on shares of Microchip Technology in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $98.18.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 3,667 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $90.87, for a total value of $333,220.29. Following the transaction, the chief financial officer directly owned 28,573 shares in the company, valued at $2,596,428.51. This represents a 11.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the completion of the transaction, the chief operating officer owned 130,508 shares in the company, valued at $12,727,140.16. This represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 553,302 shares of company stock valued at $49,673,635. 1.94% of the stock is currently 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.