Teacher Retirement System of Texas Increases Holdings in Microchip Technology Incorporated $MCHP

Teacher Retirement System of Texas lifted its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,670 shares of the semiconductor company’s stock after purchasing an additional 3,166 shares during the quarter. Teacher Retirement System of Texas’ holdings in Microchip Technology were worth $5,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Aequim Alternative Investments LP acquired a new position in Microchip Technology in the 2nd quarter worth approximately $12,033,000. Bessemer Group Inc. boosted its holdings in shares of Microchip Technology by 20.6% in the 2nd quarter. Bessemer Group Inc. now owns 26,748 shares of the semiconductor company’s stock valued at $1,882,000 after acquiring an additional 4,578 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Microchip Technology by 6.6% during the second quarter. Nisa Investment Advisors LLC now owns 205,793 shares of the semiconductor company’s stock valued at $14,482,000 after purchasing an additional 12,764 shares during the period. Resonant Capital Advisors LLC lifted its position in Microchip Technology by 19.6% during the second quarter. Resonant Capital Advisors LLC now owns 11,271 shares of the semiconductor company’s stock valued at $793,000 after purchasing an additional 1,844 shares during the period. Finally, Wealthfront Advisers LLC lifted its position in Microchip Technology by 340.1% during the second quarter. Wealthfront Advisers LLC now owns 88,755 shares of the semiconductor company’s stock valued at $6,246,000 after purchasing an additional 68,590 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $62.07 on Friday. The firm has a market cap of $33.50 billion, a PE ratio of -182.56, a PEG ratio of 1.79 and a beta of 1.55. The firm has a fifty day moving average of $65.07 and a 200 day moving average of $63.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The firm’s revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. Microchip Technology’s dividend payout ratio (DPR) is currently -535.29%.

Analyst Ratings Changes

MCHP has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on Microchip Technology in a research note on Monday, September 15th. They set an “equal weight” rating and a $60.00 price objective for the company. Piper Sandler raised their target price on Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Stifel Nicolaus upped their price objective on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Mizuho upped their price objective on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer owned 30,010 shares of the company’s stock, valued at $2,062,287.20. The trade was a 19.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.94% of the company’s stock.

Microchip Technology Company Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.