Nisa Investment Advisors LLC decreased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,019 shares of the semiconductor company’s stock after selling 17,547 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Microchip Technology were worth $12,367,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. TOP Private Wealth LLC. acquired a new position in Microchip Technology during the 2nd quarter worth about $29,000. Continuum Advisory LLC acquired a new stake in shares of Microchip Technology in the second quarter valued at about $30,000. Johnson Financial Group Inc. bought a new position in shares of Microchip Technology during the second quarter worth about $31,000. Rakuten Securities Inc. bought a new position in shares of Microchip Technology during the second quarter worth about $34,000. Finally, GK Wealth Management LLC bought a new position in shares of Microchip Technology during the third quarter worth about $29,000. Institutional investors own 91.51% of the company’s stock.
Microchip Technology Trading Down 3.4%
NASDAQ MCHP opened at $74.52 on Friday. The stock has a market capitalization of $40.47 billion, a P/E ratio of 111.23, a P/E/G ratio of 0.53 and a beta of 1.77. The business has a 50 day simple moving average of $75.19 and a 200 day simple moving average of $82.88. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91.
Microchip Technology (NASDAQ:MCHP – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The company’s revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Research analysts expect that Microchip Technology Incorporated will post 3.20 earnings per share for the current year.
Microchip Technology Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were paid a $0.4550 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. Microchip Technology’s payout ratio is currently 271.64%.
Analyst Upgrades and Downgrades
MCHP has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating and issued a $120.00 price objective (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. Weiss Ratings raised shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. B. Riley Financial lowered their price target on shares of Microchip Technology from $108.00 to $98.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets began coverage on shares of Microchip Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $95.00 price target on the stock. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Microchip Technology in a research report on Wednesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $97.71.
View Our Latest Analysis on Microchip Technology
Insider Buying and Selling at Microchip Technology
In related news, CFO James Bjornholt sold 4,112 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total transaction of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares in the company, valued at $2,152,118.36. The trade was a 12.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by corporate insiders.
Microchip Technology Profile
Microchip Technology Incorporated (NASDAQ:MCHP) develops and manufactures semiconductor products used in embedded control and connected electronic systems. Its portfolio includes microcontrollers, microprocessors, analog and power-management devices, memory products, timing and connectivity components, security solutions, and field-programmable gate arrays. The company also provides development tools, software, evaluation kits, and technical support to help customers design and produce electronic equipment.
Microchip’s products are used across a range of markets, including automotive, industrial, aerospace and defense, communications, consumer electronics, data centers, and medical applications.
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