Junto Capital Management LP Takes $38.54 Million Position in Microchip Technology Incorporated $MCHP

Junto Capital Management LP purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 422,552 shares of the semiconductor company’s stock, valued at approximately $38,537,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MCHP. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new stake in shares of Microchip Technology during the 4th quarter worth $6,691,000. Peregrine Investment Management Inc. purchased a new position in shares of Microchip Technology in the 1st quarter valued at about $5,492,000. Epoch Investment Partners Inc. increased its holdings in shares of Microchip Technology by 16.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,349,136 shares of the semiconductor company’s stock valued at $85,967,000 after purchasing an additional 191,339 shares in the last quarter. Norges Bank purchased a new position in shares of Microchip Technology in the 4th quarter valued at about $664,564,000. Finally, Leonteq Securities AG acquired a new stake in shares of Microchip Technology in the fourth quarter valued at about $981,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Bjornholt sold 4,112 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the sale, the chief financial officer owned 28,573 shares in the company, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MCHP. Weiss Ratings raised shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. UBS Group reiterated a “buy” rating and set a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research report on Friday, August 7th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Truist Financial lowered their price target on Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Microchip Technology in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.67.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $73.01 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $39.65 billion, a P/E ratio of 108.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. The firm has a 50-day moving average price of $78.83 and a two-hundred day moving average price of $81.11. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.06. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The company’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. As a group, research analysts expect that Microchip Technology Incorporated will post 3.16 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were paid a $0.455 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.5%. Microchip Technology’s dividend payout ratio is presently 271.64%.

About Microchip Technology

Microchip Technology Incorporated (NASDAQ: MCHP) develops and manufactures semiconductor products for embedded control and connected applications. Its portfolio includes microcontrollers, microprocessors, analog and mixed-signal devices, power-management products, timing and connectivity solutions, memory products, field-programmable gate arrays (FPGAs), and security components.

The company also provides development tools, software, reference designs, and technical support that help customers design and integrate embedded systems.