GF Fund Management CO. LTD. Increases Holdings in Microchip Technology Incorporated $MCHP

GF Fund Management CO. LTD. increased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 5.9% in the fourth quarter, Holdings Channel reports. The firm owned 118,407 shares of the semiconductor company’s stock after acquiring an additional 6,570 shares during the period. GF Fund Management CO. LTD.’s holdings in Microchip Technology were worth $7,545,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MCHP. Winnow Wealth LLC purchased a new stake in Microchip Technology during the 3rd quarter worth $25,000. Root Financial Partners LLC purchased a new stake in Microchip Technology during the 3rd quarter worth $28,000. Salomon & Ludwin LLC boosted its position in Microchip Technology by 219.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares during the period. Quent Capital LLC purchased a new stake in Microchip Technology during the 3rd quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position 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 period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

NASDAQ MCHP opened at $78.76 on Friday. Microchip Technology Incorporated has a 52 week low of $37.41 and a 52 week high of $83.35. 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 cap of $42.62 billion, a price-to-earnings ratio of -271.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. The company has a 50-day moving average price of $70.32 and a two-hundred day moving average price of $67.07.

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

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a $0.455 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.3%. Microchip Technology’s dividend payout ratio is -627.59%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Rosenblatt Securities upped their target price on shares of Microchip Technology from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Citigroup dropped their price objective on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Argus upgraded shares of Microchip Technology to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Needham & Company LLC increased their price objective on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.00.

Insider Buying and Selling

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

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.