16,225 Shares in Microchip Technology Incorporated $MCHP Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 16,225 shares of the semiconductor company’s stock, valued at approximately $1,034,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Winnow Wealth LLC bought a new position in shares of Microchip Technology during the 3rd quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in shares of Microchip Technology in the 3rd quarter valued at about $28,000. GoalVest Advisory LLC increased its position in Microchip Technology by 174.0% in the 4th quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 348 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in Microchip Technology in the 4th quarter valued at about $38,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Microchip Technology during the 4th quarter worth approximately $38,000. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MCHP has been the topic of several recent research reports. Needham & Company LLC increased their price target on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Truist Financial upped their target price on Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Argus upgraded Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Finally, Mizuho lifted their price target on shares of Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.52.

Microchip Technology Price Performance

MCHP stock opened at $91.11 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 business has a 50-day simple moving average of $78.26 and a two-hundred day simple moving average of $71.39. The company has a market capitalization of $49.30 billion, a P/E ratio of 433.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.75. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Research analysts expect that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 22nd. Microchip Technology’s payout ratio is currently 866.67%.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 76,469 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the transaction, the chief executive officer directly owned 9,385,834 shares in the company, valued at approximately $878,326,345.72. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $95.48, for a total transaction of $954,800.00. Following the completion of the sale, the director directly owned 20,665 shares of the company’s stock, valued at $1,973,094.20. The trade was a 32.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 536,635 shares of company stock valued at $48,093,054. Company insiders own 1.94% of the company’s stock.

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.