North Dakota State Investment Board acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,089 shares of the semiconductor company’s stock, valued at approximately $1,153,000.
Several other institutional investors also recently modified their holdings of the business. Wolverine Asset Management LLC boosted its position in Microchip Technology by 3,833.7% during the fourth quarter. Wolverine Asset Management LLC now owns 37,921 shares of the semiconductor company’s stock valued at $2,416,000 after acquiring an additional 36,957 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Microchip Technology by 2.1% during the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock valued at $4,628,692,000 after purchasing an additional 1,507,554 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in shares of Microchip Technology in the 4th quarter worth about $6,691,000. PNC Financial Services Group Inc. raised its holdings in shares of Microchip Technology by 13.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock worth $13,447,000 after acquiring an additional 24,963 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of Microchip Technology by 18.7% in the 3rd quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock worth $79,184,000 after acquiring an additional 194,048 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.
Microchip Technology Price Performance
Shares of Microchip Technology stock opened at $94.02 on Thursday. The firm has a market cap of $50.88 billion, a PE ratio of 447.74, a price-to-earnings-growth ratio of 0.97 and a beta of 1.75. Microchip Technology Incorporated has a 12-month low of $48.52 and a 12-month high of $105.91. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $77.74 and its two-hundred day simple moving average is $71.18.
Microchip Technology Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.82 annualized dividend and a yield of 1.9%. Microchip Technology’s payout ratio is presently 866.67%.
Key Microchip Technology News
Here are the key news stories impacting Microchip Technology this week:
- Positive Sentiment: Analysts have turned more constructive on Microchip Technology, with Barclays raising its price target to $105 from $80 while keeping an Equal Weight rating, and other Wall Street coverage pointing to roughly 26% implied upside. Here’s What the Street Thinks About Microchip Technology Incorporated (MCHP)
- Positive Sentiment: Earnings estimate revisions have been trending higher, which investors often read as a sign that near-term sentiment and fundamentals are improving for MCHP. Earnings Estimates Rising for Microchip Tech (MCHP): Will It Gain?
- Positive Sentiment: Microchip’s presentation at the J.P. Morgan 2026 Global Technology, Media and Communications Conference keeps the company in front of investors and may help reinforce the upbeat narrative around management execution and guidance. Microchip Technology to Present at the JP Morgan 2026 Global Technology, Media and Communications Conference
- Neutral Sentiment: The company’s CFO and investor relations team also participated in the conference, but no major new financial update was included in the announcement. Microchip Technology Incorporated (MCHP) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
- Negative Sentiment: Microchip and other chip stocks were hit earlier after the U.S.-China summit ended without clear progress on semiconductor sales to China, highlighting ongoing geopolitical risk for the sector. Teradyne, Kulicke and Soffa, Impinj, Microchip Technology, and IPG Photonics Shares Plummet, What You Need To Know
- Neutral Sentiment: A small insider sale by the COO was disclosed, but the transaction was minimal and does not appear material on its own. Microchip Technology Incorporated insider trade details
Insider Buying and Selling
In related news, CEO Steve Sanghi sold 76,469 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the sale, the chief executive officer owned 9,385,834 shares of the company’s stock, valued at $878,326,345.72. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 526,635 shares of company stock worth $47,138,254 over the last 90 days. Insiders own 1.94% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have commented on MCHP shares. Bank of America upgraded shares of Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Wednesday, January 28th. Citigroup increased their target price on shares of Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Susquehanna increased their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $125.00 price objective on shares of Microchip Technology in a report on Wednesday, May 13th. Finally, Wells Fargo & Company raised their price target on shares of Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average price target of $97.52.
View Our Latest Analysis on Microchip Technology
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.
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