1,145,500 Microchip Technology Incorporated $MCHP Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 30.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,881,363 shares of the semiconductor company’s stock after buying an additional 1,145,500 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Microchip Technology were worth $379,661,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Private Capital Advisors Inc. bought a new stake in Microchip Technology in the 3rd quarter worth about $21,230,000. Junto Capital Management LP purchased a new stake in Microchip Technology in the second quarter worth $38,537,000. Viking Fund Management LLC purchased a new stake in Microchip Technology in the 3rd quarter worth about $8,555,000. Hsbc Holdings PLC increased its stake in shares of Microchip Technology by 13.0% in the first quarter. Hsbc Holdings PLC now owns 1,160,129 shares of the semiconductor company’s stock worth $74,649,000 after purchasing an additional 133,813 shares in the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new position in Microchip Technology in the 1st quarter valued at approximately $3,428,000. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microchip Technology

In other news, CFO James Bjornholt sold 4,112 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at approximately $2,152,118.36. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.79% of the company’s stock.

Microchip Technology News Roundup

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

• Positive Sentiment: Fiscal Q2 EPS was $0.97 versus the $0.94 consensus, while revenue of $1.62 billion topped estimates and rose 42.2% year over year. Reports cited recovering industrial and data-center demand and improving margins as growth drivers. Zacks earnings report
• Positive Sentiment: Microchip declared a quarterly dividend of $0.455 per share, equivalent to $1.82 annually and a reported yield of about 3.2%. The dividend may appeal to income-focused investors.
• Neutral Sentiment: Several analysts still rate MCHP Buy or Overweight, and their revised targets remain above the cited $58.35 share price. However, the target reductions signal more cautious expectations.
• Negative Sentiment: Management’s fiscal Q3 outlook is a key concern: revenue is forecast to range from 3% below to 1% above Q2, with non-GAAP EPS of $0.87–$0.95. The midpoint was reported below consensus; supply constraints and rising costs could limit near-term growth. Benzinga analyst coverage
• Negative Sentiment: Analysts cut targets after the results, including Truist to $62 from $90 and Evercore ISI to $75 from $117. Citigroup lowered its target to $75 from $95 but kept a Buy rating; the broader reset in expectations may pressure shares despite generally higher remaining targets. Truist analyst recommendations Evercore ISI target update

Microchip Technology Trading Down 10.0%

NASDAQ MCHP opened at $58.35 on Friday. The firm has a market cap of $31.68 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 0.40 and a beta of 1.84. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91. The stock has a 50-day moving average of $74.85 and a 200-day moving average of $79.41. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. Microchip Technology had a return on equity of 20.45% and a net margin of 14.96%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the company earned $0.35 EPS. Microchip Technology’s revenue for the quarter was up 42.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Microchip Technology Incorporated will post 3.20 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be paid a $0.4550 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.82 annualized dividend and a dividend yield of 3.1%. Microchip Technology’s dividend payout ratio (DPR) is presently 271.64%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MCHP. Wall Street Zen lowered Microchip Technology from a “buy” rating to a “hold” rating in a research note on Saturday. TD Cowen cut their price objective on shares of Microchip Technology from $90.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, October 19th. UBS Group restated a “buy” rating and set a $120.00 target price (down from $130.00) on shares of Microchip Technology in a research report on Friday, August 7th. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Citigroup cut their price objective on Microchip Technology from $95.00 to $75.00 and set a “buy” rating for the company in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.64.

Microchip Technology Company Profile