TD Private Client Wealth LLC Has $4.22 Million Stock Position in Microchip Technology Incorporated $MCHP

TD Private Client Wealth LLC increased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 258.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,744 shares of the semiconductor company’s stock after acquiring an additional 47,423 shares during the period. TD Private Client Wealth LLC’s holdings in Microchip Technology were worth $4,222,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Parsons Capital Management Inc. RI purchased a new stake in shares of Microchip Technology in the second quarter valued at about $280,000. Mizuho Markets Cayman LP bought a new stake in Microchip Technology in the 2nd quarter worth about $107,584,000. Boston Partners increased its stake in Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after buying an additional 4,076,112 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Microchip Technology by 498.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock worth $130,675,000 after buying an additional 1,694,533 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Microchip Technology by 37.2% in the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock worth $215,881,000 after buying an additional 911,731 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Up 0.9%

Shares of NASDAQ MCHP opened at $74.07 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The stock has a market capitalization of $40.03 billion, a PE ratio of -164.60, a P/E/G ratio of 2.23 and a beta of 1.46. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20. The business’s fifty day moving average price is $61.89 and its 200-day moving average price is $65.13.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion during 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 firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Wall Street Analyst Weigh In

A number of analysts recently commented on MCHP shares. JPMorgan Chase & Co. increased their price target on Microchip Technology from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Truist Financial restated a “hold” rating and issued a $60.00 price objective (down previously from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Morgan Stanley lifted their target price on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price target on shares of Microchip Technology in a report on Tuesday, January 6th. Finally, TD Cowen decreased their price objective on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.57.

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.