Vanguard Personalized Indexing Management LLC Raises Stock Position in Microchip Technology Incorporated $MCHP

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,714 shares of the semiconductor company’s stock after purchasing an additional 12,884 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Microchip Technology were worth $5,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MCHP. Orbis Allan Gray Ltd purchased a new stake in Microchip Technology during the first quarter worth about $369,612,000. Invesco Ltd. increased its stake in Microchip Technology by 63.0% during the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after purchasing an additional 6,459,123 shares during the period. Goldman Sachs Group Inc. increased its stake 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 worth $427,681,000 after purchasing an additional 5,136,154 shares during the period. Boston Partners increased its stake in Microchip Technology by 35.3% during the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock worth $517,082,000 after purchasing an additional 2,795,650 shares during the period. Finally, Amundi grew its stake in Microchip Technology by 22.7% during the 1st 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.

Analyst Ratings Changes

MCHP has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on Microchip Technology in a report on Monday, September 15th. They set an “equal weight” rating and a $60.00 price target on the stock. Wall Street Zen raised Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Raymond James Financial boosted their price objective on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Citigroup boosted their price objective on Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, TD Cowen lowered their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director directly owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP opened at $64.39 on Tuesday. The stock has a 50 day moving average price of $65.21 and a 200 day moving average price of $61.24. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $34.75 billion, a price-to-earnings ratio of -189.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $79.44.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio is -535.29%.

About Microchip Technology

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.