NFJ Investment Group LLC Acquires Shares of 222,889 Microchip Technology Incorporated $MCHP

NFJ Investment Group LLC acquired a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, HoldingsChannel.com reports. The fund acquired 222,889 shares of the semiconductor company’s stock, valued at approximately $20,327,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in shares of Microchip Technology by 51.3% in the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 5,835 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Microchip Technology by 101.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 616 shares in the last quarter. Cresset Asset Management LLC lifted its position in Microchip Technology by 5.4% during the 2nd quarter. Cresset Asset Management LLC now owns 11,433 shares of the semiconductor company’s stock worth $805,000 after acquiring an additional 589 shares in the last quarter. AXA S.A. boosted its holdings in Microchip Technology by 21.3% in the 2nd quarter. AXA S.A. now owns 51,552 shares of the semiconductor company’s stock worth $3,628,000 after acquiring an additional 9,043 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in Microchip Technology by 1.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 246,530 shares of the semiconductor company’s stock worth $17,348,000 after acquiring an additional 3,851 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Microchip Technology stock opened at $75.81 on Friday. The stock has a market cap of $41.17 billion, a P/E ratio of 113.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The stock has a 50 day moving average of $84.67 and a 200-day moving average of $81.53. Microchip Technology Incorporated has a 52 week low of $48.52 and a 52 week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The business’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, analysts expect that Microchip Technology Incorporated will post 3.16 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, August 24th. Microchip Technology’s dividend payout ratio (DPR) is currently 271.64%.

Key Stories Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Technical commentary suggests the recently weakened stock could make a contrarian rebound toward $85, based on historical recovery patterns. Deflated Microchip Technology Stock Could Target a Contrarian Move to $85
• Positive Sentiment: Microchip’s AI and data-center opportunities could support a recovery. Recent results also showed strong momentum, with revenue up 38% year over year and earnings exceeding analysts’ expectations; management’s next-quarter EPS guidance of $0.91 to $0.95 is another potential catalyst.
• Positive Sentiment: Cantor Fitzgerald reiterated an Overweight rating, while the broader analyst consensus remains Moderate Buy with an average price target of $98.85, implying meaningful upside from recent levels. Cantor Fitzgerald Reiterates Overweight Rating for Microchip Technology
• Positive Sentiment: The company’s quarterly dividend of $0.455 per share, representing a 2.4% annualized yield, may provide support for income-oriented investors.
• Neutral Sentiment: Former Microchip chief operating officer Richard Simoncic was appointed CEO of Menlo Microsystems. The move highlights the value of Microchip’s executive talent but does not directly change MCHP’s operations or outlook. Menlo Microsystems Appoints Richard Simoncic as Chief Executive Officer
• Negative Sentiment: Zacks Research downgraded MCHP from Strong Buy to Hold, reflecting limited near-term conviction after the recent decline.
• Negative Sentiment: Analysts caution that supply constraints, competitive pressure and MCHP’s elevated valuation could limit near-term gains despite its long-term AI growth prospects. Microchip Stock Drops 9% in a Month: Should You Buy, Sell or Hold it?
• Negative Sentiment: CFO James Eric Bjornholt sold 837 shares for approximately $67,178 at $80.26 each, reducing his direct stake by 2.63%. Although relatively small, the insider sale adds a modest negative signal. Microchip Technology CFO Sells 837 Shares

Insiders Place Their Bets

In other news, COO Richard J. Simoncic sold 5,000 shares of the 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 transaction, the chief operating officer owned 130,508 shares of the company’s stock, valued at approximately $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew W. Chapman sold 3,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $97.52, for a total transaction of $292,560.00. Following the transaction, the director directly owned 17,665 shares in the company, valued at $1,722,690.80. The trade was a 14.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,837 shares of company stock valued at $847,338 in the last ninety days. Corporate insiders own 1.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MCHP shares. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday. Truist Financial lowered their price target on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 7th. Citigroup dropped their price target on shares of Microchip Technology from $113.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $125.00 price objective on shares of Microchip Technology in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and a consensus target price of $98.85.

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.