Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $1.03 Million in Microchip Technology Incorporated $MCHP

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,225 shares of the semiconductor company’s stock, valued at approximately $1,034,000.

Several other large investors also recently made changes to their positions in the stock. Millstone Evans Group LLC boosted its stake in shares of Microchip Technology by 23.7% during the 4th quarter. Millstone Evans Group LLC now owns 742 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 142 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Microchip Technology by 2.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,120 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 150 shares during the period. Soltis Investment Advisors LLC boosted its stake in Microchip Technology by 0.7% during the 4th quarter. Soltis Investment Advisors LLC now owns 22,469 shares of the semiconductor company’s stock valued at $1,432,000 after purchasing an additional 155 shares during the period. Bouchey Financial Group Ltd boosted its stake in Microchip Technology by 4.4% during the 4th quarter. Bouchey Financial Group Ltd now owns 3,771 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 159 shares during the period. Finally, Intrua Financial LLC boosted its stake in Microchip Technology by 4.6% during the 4th quarter. Intrua Financial LLC now owns 3,669 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 161 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, CEO Steve Sanghi sold 416,581 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total value of $36,879,915.93. Following the completion of the transaction, the chief executive officer directly owned 9,495,805 shares of the company’s stock, valued at approximately $840,663,616.65. This represents a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $95.48, for a total value of $954,800.00. Following the completion of the transaction, the director directly owned 20,665 shares of the company’s stock, valued at approximately $1,973,094.20. The trade was a 32.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 536,635 shares of company stock valued at $48,093,054. 1.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MCHP has been the subject of several recent analyst reports. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company increased their target price on Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Jefferies Financial Group restated a “hold” rating on shares of Microchip Technology in a research note on Wednesday, February 4th. Finally, Needham & Company LLC increased their target price on Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.52.

Microchip Technology Price Performance

Shares of MCHP stock opened at $93.43 on Friday. The stock has a 50 day moving average of $78.81 and a two-hundred day moving average of $71.54. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91. The company has a market capitalization of $50.56 billion, a P/E ratio of 444.93, a P/E/G ratio of 0.98 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company earned $0.11 EPS. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.455 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.9%. Microchip Technology’s dividend payout ratio is presently 866.67%.

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.