Jackson Square Capital LLC Sells 10,572 Shares of Microchip Technology Incorporated $MCHP

Jackson Square Capital LLC trimmed its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 42.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,293 shares of the semiconductor company’s stock after selling 10,572 shares during the period. Jackson Square Capital LLC’s holdings in Microchip Technology were worth $918,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd bought a new stake in shares of Microchip Technology in the 1st quarter valued at about $369,612,000. Norges Bank purchased a new stake in Microchip Technology during the second quarter valued at approximately $473,320,000. Dodge & Cox boosted its stake in Microchip Technology by 958.4% in the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after acquiring an additional 5,740,827 shares in the last quarter. Boston Partners boosted its stake in Microchip Technology by 38.2% in the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after acquiring an additional 4,101,034 shares in the last quarter. Finally, State Street Corp grew its holdings in Microchip Technology by 8.5% in the second quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after purchasing an additional 2,489,258 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP opened at $64.91 on Friday. The business’s 50-day moving average is $60.45 and its two-hundred day moving average is $65.14. The company has a market capitalization of $35.08 billion, a P/E ratio of -144.24, a P/E/G ratio of 2.02 and a beta of 1.47. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MCHP has been the subject of a number of research analyst reports. TD Cowen decreased their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. KeyCorp reaffirmed an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Cantor Fitzgerald raised Microchip Technology from a “neutral” rating to an “overweight” rating and upped their target price for the company from $65.00 to $85.00 in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.00.

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.