XTX Topco Ltd Sells 91,707 Shares of Microchip Technology Incorporated $MCHP

XTX Topco Ltd lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 69.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,140 shares of the semiconductor company’s stock after selling 91,707 shares during the period. XTX Topco Ltd’s holdings in Microchip Technology were worth $2,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Orbis Allan Gray Ltd bought a new position in shares of Microchip Technology during the 1st quarter valued at approximately $369,612,000. Invesco Ltd. grew its holdings in Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after acquiring an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Microchip Technology by 138.9% during the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock valued at $427,681,000 after buying an additional 5,136,154 shares during the period. Boston Partners increased its holdings in shares of Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after acquiring an additional 4,076,112 shares during the period. Finally, Amundi raised its holdings in Microchip Technology by 22.7% in the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock worth $484,743,000 after purchasing an additional 1,849,866 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $51.83 on Wednesday. The firm has a 50-day simple moving average of $61.36 and a 200-day simple moving average of $64.80. The stock has a market capitalization of $28.01 billion, a price-to-earnings ratio of -152.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

MCHP has been the subject of several recent analyst reports. Cantor Fitzgerald lowered their price target on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Piper Sandler increased their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. TD Cowen lowered their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Citigroup cut their price objective on Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology Company 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.