Telemark Asset Management LLC Acquires New Position in Microchip Technology Incorporated $MCHP

Telemark Asset Management LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200,000 shares of the semiconductor company’s stock, valued at approximately $14,074,000. Microchip Technology makes up about 1.3% of Telemark Asset Management LLC’s holdings, making the stock its 23rd largest position.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Microchip Technology by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 70,568,004 shares of the semiconductor company’s stock worth $4,965,870,000 after acquiring an additional 1,265,390 shares during the last quarter. Invesco Ltd. boosted its stake in Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after purchasing an additional 6,459,123 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Microchip Technology by 0.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after purchasing an additional 152,434 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Microchip Technology by 2.4% during the second quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock valued at $1,040,544,000 after purchasing an additional 343,210 shares in the last quarter. Finally, Boston Partners increased its holdings in Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock worth $1,040,114,000 after buying an additional 4,076,112 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total value 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. This represents a 19.69% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Trading Down 3.5%

Microchip Technology stock opened at $49.02 on Friday. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $77.20. The firm has a market capitalization of $26.49 billion, a price-to-earnings ratio of -144.18, a P/E/G ratio of 1.79 and a beta of 1.57. The firm has a 50 day moving average of $62.13 and a 200 day moving average of $64.55. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MCHP shares. Susquehanna reduced their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Raymond James Financial lifted their target price on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Wells Fargo & Company decreased their target price on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Truist Financial restated a “hold” rating and issued a $60.00 price target (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Finally, Morgan Stanley upped their price objective on Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.47.

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.