Villere ST Denis J & Co. LLC Sells 11,065 Shares of Microchip Technology Incorporated $MCHP

Villere ST Denis J & Co. LLC lessened its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,017 shares of the semiconductor company’s stock after selling 11,065 shares during the quarter. Microchip Technology makes up approximately 2.3% of Villere ST Denis J & Co. LLC’s investment portfolio, making the stock its 24th largest position. Villere ST Denis J & Co. LLC’s holdings in Microchip Technology were worth $22,622,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Winnow Wealth LLC bought a new position in Microchip Technology in the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in Microchip Technology in the 3rd quarter valued at approximately $28,000. Salomon & Ludwin LLC raised its holdings in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 329 shares during the last quarter. Quent Capital LLC bought a new position in Microchip Technology in the 3rd quarter valued at approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $82.48 on Thursday. The company has a market cap of $44.63 billion, a price-to-earnings ratio of -284.41, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49. Microchip Technology Incorporated has a 52 week low of $41.63 and a 52 week high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $70.55 and a 200-day moving average of $67.40.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts forecast that Microchip Technology Incorporated will post 1.16 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.2%. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCHP. JPMorgan Chase & Co. raised their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Argus upgraded shares of Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. BNP Paribas Exane upgraded shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Thursday, January 22nd. Weiss Ratings lowered shares of Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Finally, Needham & Company LLC raised their price target on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology 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.