Bank Julius Baer & Co. Ltd Zurich Boosts Holdings in Microchip Technology Incorporated $MCHP

Bank Julius Baer & Co. Ltd Zurich raised its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 391.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,406 shares of the semiconductor company’s stock after acquiring an additional 28,208 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Microchip Technology were worth $2,283,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in MCHP. Winnow Wealth LLC purchased a new stake in Microchip Technology in the third quarter valued at $25,000. Root Financial Partners LLC acquired a new position in shares of Microchip Technology in the third quarter worth about $28,000. Quent Capital LLC acquired a new position in shares of Microchip Technology in the third quarter worth about $32,000. GoalVest Advisory LLC raised its position in shares of Microchip Technology by 174.0% in the fourth quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 348 shares during the period. Finally, Board of the Pension Protection Fund acquired a new position in shares of Microchip Technology in the fourth quarter worth about $38,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 416,581 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the completion of the transaction, the chief executive officer owned 9,495,805 shares in the company, valued at $840,663,616.65. This represents a 4.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 526,552 shares of company stock worth $47,130,465. 1.94% of the stock is owned by corporate insiders.

Microchip Technology Stock Down 3.3%

MCHP opened at $93.85 on Friday. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $76.12 and a 200 day moving average price of $70.51. The company has a market cap of $50.79 billion, a PE ratio of 446.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 2.21 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

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

More Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip launched the EX-423 Evacuated Miniature Crystal Oscillator, a rugged low-power timing solution aimed at high-reliability markets such as GPS/GNSS, military radios, medical devices, seismic systems, and satellite communications. The new product broadens Microchip’s timing portfolio and could support longer-term growth in mission-critical applications. Article Title
• Positive Sentiment: Zacks Research upgraded Microchip Technology from “hold” to “strong-buy,” which can improve investor sentiment by reinforcing a more bullish view on the stock. Article Title
• Positive Sentiment: Cantor Fitzgerald reaffirmed its overweight rating on Microchip, adding to the constructive analyst tone around the name. Article Title
• Positive Sentiment: One report said Microchip’s price target was increased by 29.69% to $115.23, suggesting Wall Street sees additional upside from current levels. Article Title
• Neutral Sentiment: A market recap noted that Microchip stock underperformed some competitors on Wednesday, but the headline does not point to a new fundamental issue. Article Title
• Neutral Sentiment: Another article highlighted Microchip’s historical returns over the past decade, which is informative but unlikely to affect near-term trading. Article Title

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Barclays upped their price objective on shares of Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. UBS Group upped their price objective on shares of Microchip Technology from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $125.00 price objective on shares of Microchip Technology in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.52.

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.