Strs Ohio Acquires 13,005 Shares of Microchip Technology Incorporated $MCHP

Strs Ohio increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 5.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 242,620 shares of the semiconductor company’s stock after acquiring an additional 13,005 shares during the period. Strs Ohio’s holdings in Microchip Technology were worth $15,581,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock worth $827,000 after purchasing an additional 5,835 shares during the period. Geneos Wealth Management Inc. raised its holdings in Microchip Technology by 101.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 616 shares during the period. Park Avenue Securities LLC lifted its position in Microchip Technology by 3.0% in the second quarter. Park Avenue Securities LLC now owns 13,069 shares of the semiconductor company’s stock worth $920,000 after buying an additional 383 shares during the last quarter. Norden Group LLC purchased a new position in Microchip Technology during the second quarter worth $398,000. Finally, Public Employees Retirement System of Ohio increased its position in Microchip Technology by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 163,858 shares of the semiconductor company’s stock valued at $11,531,000 after acquiring an additional 550 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Trending Headlines about Microchip Technology

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

• Positive Sentiment: Susquehanna raised its price target from $75 to $90 and reiterated a “positive” rating, signaling roughly ~20% upside vs. the recent price and implying stronger medium?term revenue/margin expectations. Susquehanna raises PT
• Positive Sentiment: BNP Paribas Exane upgraded Microchip from “neutral” to “outperform” and set a $90 price target, citing firmer demand for analog upgrades across end markets (contributes to structural tailwinds for Microchip’s analog and mixed?signal product lines). BNP Paribas analog demand note
• Positive Sentiment: Exane BNP Paribas upgraded Microchip from “hold” to “strong?buy,” reflecting dealer confidence that cyclical recovery in analog and embedded demand will benefit Microchip sooner than feared. Exane BNP Paribas upgrade
• Positive Sentiment: Bank of America raised its price target to $78, a modest increase that still signals near?term upside and gives more institutional support to the stock after recent earnings/guidance. BofA raises PT to $78
• Neutral Sentiment: Zacks published a broader thematic piece highlighting technology names with favorable Earnings ESP; Microchip is included as a candidate to watch but this is a general screen rather than new company?specific disclosure. Zacks feature

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several analyst reports. B. Riley raised their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Bank of America raised their price objective on shares of Microchip Technology from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday. Piper Sandler upped their target price on Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. KeyCorp reiterated an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, Needham & Company LLC boosted their price objective on Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.82.

Microchip Technology Stock Performance

Microchip Technology stock opened at $74.71 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The company has a market capitalization of $40.38 billion, a PE ratio of -166.02, a P/E/G ratio of 2.20 and a beta of 1.46. The company has a 50 day moving average price of $64.84 and a 200-day moving average price of $65.32. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.50.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.Microchip Technology’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were paid a dividend of $0.455 per share. The ex-dividend date was Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

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.