Healthcare of Ontario Pension Plan Trust Fund Has $108.49 Million Stock Position in Microchip Technology Incorporated $MCHP

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 19.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,702,618 shares of the semiconductor company’s stock after selling 423,636 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Microchip Technology were worth $108,491,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MCHP. Caitong International Asset Management Co. Ltd grew its stake in Microchip Technology by 4,663.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 513 shares during the last quarter. GoalVest Advisory LLC grew its stake in Microchip Technology by 174.0% in the 4th quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 348 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in Microchip Technology in the 4th quarter valued at about $38,000. Kohmann Bosshard Financial Services LLC acquired a new position in Microchip Technology in the 4th quarter valued at about $38,000. Finally, Rossby Financial LCC grew its stake in Microchip Technology by 41.1% in the 4th quarter. Rossby Financial LCC now owns 628 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $95.24 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 firm has a market capitalization of $51.63 billion, a price-to-earnings ratio of 453.55, a P/E/G ratio of 1.00 and a beta of 1.73. The firm’s 50 day simple moving average is $87.85 and its 200 day simple moving average is $75.61. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, research analysts expect that Microchip Technology Incorporated will post 2.58 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.455 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. Microchip Technology’s dividend payout ratio (DPR) is currently 866.67%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays raised their target price on shares of Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Rosenblatt Securities lifted their price target on shares of Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Needham & Company LLC lifted their price target on shares of Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, UBS Group reiterated a “buy” rating on shares of Microchip Technology in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average target price of $98.18.

Insider Activity

In related news, CEO Steve Sanghi sold 76,469 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the sale, the chief executive officer owned 9,385,834 shares in the company, valued at approximately $878,326,345.72. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $97.52, for a total transaction of $292,560.00. Following the sale, the director owned 17,665 shares in the company, valued at $1,722,690.80. This represents a 14.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 553,302 shares of company stock worth $49,673,635. 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.