Swedbank AB Has $6.67 Million Stock Position in Microchip Technology Incorporated $MCHP

Swedbank AB boosted its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 72.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,165 shares of the semiconductor company’s stock after purchasing an additional 43,403 shares during the period. Swedbank AB’s holdings in Microchip Technology were worth $6,665,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. EFG International AG bought a new position in shares of Microchip Technology during the fourth quarter worth about $29,000. Miller Capital Partners Inc. bought a new stake in Microchip Technology in the fourth quarter valued at approximately $29,000. Garton & Associates Financial Advisors LLC acquired a new stake in Microchip Technology during the 4th quarter valued at approximately $33,000. Reflection Asset Management bought a new position in Microchip Technology during the 4th quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Microchip Technology by 4,663.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 513 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MCHP. Zacks Research upgraded shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Wells Fargo & Company boosted their price objective on Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Needham & Company LLC upped their target price on Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Citigroup raised their target price on Microchip Technology from $91.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Microchip Technology Stock Up 0.4%

Microchip Technology stock traded up $0.33 during midday trading on Friday, reaching $88.59. The stock had a trading volume of 6,677,420 shares, compared to its average volume of 11,773,885. The company has a fifty day moving average price of $93.64 and a two-hundred day moving average price of $79.82. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $48.11 billion, a P/E ratio of 421.88, a PEG ratio of 0.90 and a beta of 1.74.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Microchip Technology’s revenue for the quarter was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 2.66 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is 866.67%.

Insider Buying and Selling at Microchip Technology

In other news, COO Richard J. Simoncic sold 5,000 shares of Microchip Technology stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the completion of the transaction, the chief operating officer directly owned 130,508 shares in the company, valued at $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 3,667 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $90.87, for a total transaction of $333,220.29. Following the sale, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at approximately $2,596,428.51. The trade was a 11.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 553,302 shares of company stock valued at $49,673,635 over the last three months. Corporate 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.