Lecap Asset Management Ltd. Trims Stock Holdings in Microchip Technology Incorporated $MCHP

Lecap Asset Management Ltd. trimmed its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,370 shares of the semiconductor company’s stock after selling 7,038 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Microchip Technology were worth $1,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Microchip Technology by 2.1% in the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after buying an additional 1,507,554 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Microchip Technology by 13.5% in the third quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock worth $13,447,000 after buying an additional 24,963 shares during the period. Natixis Advisors LLC raised its holdings in shares of Microchip Technology by 18.7% in the third quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock worth $79,184,000 after buying an additional 194,048 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Microchip Technology in the third quarter worth approximately $3,698,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Microchip Technology by 18.2% in the third quarter. CIBC Private Wealth Group LLC now owns 1,470,059 shares of the semiconductor company’s stock worth $94,407,000 after buying an additional 226,078 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is owned by insiders.

Microchip Technology Stock Up 2.5%

Shares of NASDAQ MCHP opened at $78.76 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $42.62 billion, a PE ratio of -271.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. Microchip Technology Incorporated has a 12-month low of $37.41 and a 12-month high of $83.35. The stock’s fifty day simple moving average is $70.32 and its two-hundred day simple moving average is $67.07.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a $0.455 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. Microchip Technology’s dividend payout ratio (DPR) is presently -627.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup reduced their price target on Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Argus upgraded Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. Morgan Stanley raised their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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.