Microchip Technology Incorporated $MCHP Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,100,331 shares of the semiconductor company’s stock after buying an additional 40,259 shares during the period. TD Asset Management Inc’s holdings in Microchip Technology were worth $70,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC boosted its stake in Microchip Technology by 174.0% during the fourth quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock worth $35,000 after buying an additional 348 shares during the last quarter. Board of the Pension Protection Fund purchased a new stake in Microchip Technology in the fourth quarter valued at $38,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Microchip Technology in the fourth quarter valued at $38,000. TOWER TRUST & INVESTMENT Co raised its position in Microchip Technology by 1,555.0% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 662 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 622 shares during the period. Finally, State of Wyoming raised its position in Microchip Technology by 78.1% in the second quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $95.48, for a total transaction of $954,800.00. Following the completion of the transaction, the director directly owned 20,665 shares of the company’s stock, valued at $1,973,094.20. The trade was a 32.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Steve Sanghi sold 416,581 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total value of $36,879,915.93. Following the transaction, the chief executive officer directly owned 9,495,805 shares of the company’s stock, valued at $840,663,616.65. The trade was a 4.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 548,302 shares of company stock valued at $49,186,035. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MCHP shares. Mizuho lifted their target price on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. KeyCorp restated an “overweight” rating and issued a $85.00 target price on shares of Microchip Technology in a research report on Friday, February 6th. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Needham & Company LLC lifted 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. Finally, Wells Fargo & Company lifted their target price on Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average target price of $97.52.

Microchip Technology Price Performance

MCHP stock opened at $88.34 on Friday. 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 $47.89 billion, a PE ratio of 420.69, a P/E/G ratio of 1.01 and a beta of 1.73. Microchip Technology Incorporated has a 12-month low of $48.52 and a 12-month high of $105.91. The business’s fifty day moving average price is $85.00 and its 200 day moving average price is $74.17.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts anticipate that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s payout ratio is currently 866.67%.

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.