Charles Schwab Investment Management Inc. Grows Stake in Microchip Technology Incorporated $MCHP

Charles Schwab Investment Management Inc. raised its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,378,728 shares of the semiconductor company’s stock after purchasing an additional 112,326 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Microchip Technology were worth $237,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MCHP. MCF Advisors LLC increased its position in shares of Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the last quarter. Carderock Capital Management Inc. purchased a new position in Microchip Technology during the second quarter worth $39,000. WPG Advisers LLC bought a new position in Microchip Technology during the first quarter valued at $40,000. Painted Porch Advisors LLC purchased a new stake in shares of Microchip Technology in the second quarter valued at $40,000. Finally, Fourth Dimension Wealth LLC lifted its holdings in shares of Microchip Technology by 98.7% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 298 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Stock Performance

Microchip Technology stock opened at $51.83 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The company has a market capitalization of $28.01 billion, a PE ratio of -152.44, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a 50 day moving average price of $61.36 and a 200-day moving average price of $64.80. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business posted $0.46 EPS. Microchip Technology’s quarterly revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 3.5%. Microchip Technology’s dividend payout ratio is -404.44%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler upped their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Truist Financial restated a “hold” rating and set a $60.00 target price (down previously from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price objective on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.47.

Microchip Technology Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.