Bessemer Group Inc. Boosts Stock Position in Microchip Technology Incorporated $MCHP

Bessemer Group Inc. boosted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 20.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,748 shares of the semiconductor company’s stock after buying an additional 4,578 shares during the period. Bessemer Group Inc.’s holdings in Microchip Technology were worth $1,882,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Argonautica Private Wealth Management Inc. bought a new stake in Microchip Technology during the 1st quarter valued at about $428,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Microchip Technology by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock valued at $158,127,000 after buying an additional 122,633 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Microchip Technology by 18.2% during the first quarter. Victory Capital Management Inc. now owns 602,783 shares of the semiconductor company’s stock valued at $29,181,000 after acquiring an additional 92,962 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Microchip Technology by 0.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after acquiring an additional 152,434 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Microchip Technology by 4.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 421,195 shares of the semiconductor company’s stock valued at $30,773,000 after acquiring an additional 17,366 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Activity at Microchip Technology

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

Microchip Technology Stock Down 0.8%

MCHP opened at $62.07 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The firm’s 50 day simple moving average is $65.07 and its two-hundred day simple moving average is $63.19. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $33.50 billion, a PE ratio of -182.56, a PEG ratio of 1.79 and a beta of 1.55.

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

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a dividend of $0.455 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.9%. Microchip Technology’s payout ratio is -535.29%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stifel Nicolaus lifted their target price on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Piper Sandler upped their price target on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, August 8th. The Goldman Sachs Group initiated coverage on Microchip Technology in a report on Thursday, July 10th. They issued a “buy” rating and a $88.00 price objective for the company. Mizuho boosted their target price on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Finally, Raymond James Financial upped their target price on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

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.