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

Fenimore Asset Management Inc raised its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,444,945 shares of the semiconductor company’s stock after acquiring an additional 19,501 shares during the quarter. Microchip Technology accounts for about 1.9% of Fenimore Asset Management Inc’s investment portfolio, making the stock its 20th largest holding. Fenimore Asset Management Inc’s holdings in Microchip Technology were worth $92,072,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab acquired a new stake in Microchip Technology in the fourth quarter valued at approximately $10,913,000. Horizon Investments LLC boosted its stake in shares of Microchip Technology by 4.0% during the 4th quarter. Horizon Investments LLC now owns 8,653 shares of the semiconductor company’s stock valued at $551,000 after buying an additional 331 shares during the last quarter. Danske Bank A S boosted its stake in shares of Microchip Technology by 7.6% during the 4th quarter. Danske Bank A S now owns 276,422 shares of the semiconductor company’s stock valued at $17,614,000 after buying an additional 19,600 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Microchip Technology by 7.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 58,451 shares of the semiconductor company’s stock valued at $3,724,000 after buying an additional 3,945 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in shares of Microchip Technology during the 4th quarter valued at approximately $5,927,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In related news, CEO Steve Sanghi sold 416,581 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the transaction, the chief executive officer directly owned 9,495,805 shares in the company, valued at $840,663,616.65. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MCHP shares. Mizuho increased their target price on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Barclays started coverage on Microchip Technology in a research note on Thursday, February 12th. They set an “equal weight” rating and a $80.00 target price for the company. Stifel Nicolaus set a $90.00 target price on Microchip Technology in a research note on Friday, February 6th. Susquehanna increased their target price on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald increased their target price on Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology Stock Performance

Shares of MCHP opened at $93.95 on Friday. The business’s fifty day moving average price is $71.81 and its 200 day moving average price is $68.42. Microchip Technology Incorporated has a 12-month low of $46.68 and a 12-month high of $94.56. The stock has a market capitalization of $50.84 billion, a PE ratio of -323.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.74. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 1.16 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a dividend of $0.455 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 1.9%. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

About Microchip Technology

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.