17,547 Microchip Technology Incorporated $MCHP Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 9.9% during the 3rd quarter, Holdings Channel reports. The fund owned 159,019 shares of the semiconductor company’s stock after selling 17,547 shares during the period. Nisa Investment Advisors LLC’s holdings in Microchip Technology were worth $12,367,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MCHP. Robeco Institutional Asset Management B.V. acquired a new stake in Microchip Technology in the 3rd quarter valued at $423,000. Norway Savings Bank raised its holdings in Microchip Technology by 0.7% during the third quarter. Norway Savings Bank now owns 32,040 shares of the semiconductor company’s stock worth $2,492,000 after buying an additional 223 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in Microchip Technology by 10.9% during the third quarter. CFS Investment Advisory Services LLC now owns 3,343 shares of the semiconductor company’s stock worth $272,000 after buying an additional 328 shares during the last quarter. Jackson Square Capital LLC bought a new position in shares of Microchip Technology in the third quarter valued at $995,000. Finally, IFP Advisors Inc lifted its stake in shares of Microchip Technology by 102.7% in the third quarter. IFP Advisors Inc now owns 3,568 shares of the semiconductor company’s stock valued at $277,000 after buying an additional 1,808 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $74.52 on Friday. The firm has a 50-day moving average of $75.19 and a 200-day moving average of $82.88. The company has a market cap of $40.47 billion, a P/E ratio of 111.23, a P/E/G ratio of 0.53 and a beta of 1.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) 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 firm’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 3.20 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were paid a $0.4550 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 24th. Microchip Technology’s payout ratio is presently 271.64%.

Insider Activity

In other news, CFO James Bjornholt sold 4,112 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MCHP has been the subject of a number of analyst reports. Truist Financial reduced their price objective 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. TD Cowen dropped their price target on shares of Microchip Technology from $90.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday. Wells Fargo & Company dropped their price target on shares of Microchip Technology from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Weiss Ratings upgraded Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial decreased their price objective on Microchip Technology from $108.00 to $98.00 and set a “buy” rating for the company in a report on Thursday. Three equities 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $97.71.

About Microchip Technology

Microchip Technology Incorporated (NASDAQ:MCHP) develops and manufactures semiconductor products used in embedded control and connected electronic systems. Its portfolio includes microcontrollers, microprocessors, analog and power-management devices, memory products, timing and connectivity components, security solutions, and field-programmable gate arrays. The company also provides development tools, software, evaluation kits, and technical support to help customers design and produce electronic equipment.

Microchip’s products are used across a range of markets, including automotive, industrial, aerospace and defense, communications, consumer electronics, data centers, and medical applications.