MICROCHIP TECHNOLOGY Earnings Results: $MCHP Reports Quarterly Earnings

MICROCHIP TECHNOLOGY ($MCHP) posted quarterly earnings results on Thursday, February 6th. The company reported earnings of $0.20 per share, missing estimates of $0.28 by $0.08. The company also reported revenue of $1,026,000,000, missing estimates of $1,080,952,364 by $-54,952,364.

You can see Quiver Quantitative's $MCHP stock page to track data on insider trading, hedge fund activity, congressional trading, and more.

MICROCHIP TECHNOLOGY Insider Trading Activity

MICROCHIP TECHNOLOGY insiders have traded $MCHP stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $MCHP stock by insiders over the last 6 months:

• JAMES ERIC BJORNHOLT (SENIOR VP AND CFO) has made 0 purchases and 2 sales selling 6,842 shares for an estimated $493,163.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

MICROCHIP TECHNOLOGY Hedge Fund Activity

We have seen 432 institutional investors add shares of MICROCHIP TECHNOLOGY stock to their portfolio, and 736 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• JPMORGAN CHASE & CO added 11,838,146 shares (+68.9%) to their portfolio in Q3 2024, for an estimated $950,484,742
• FIL LTD added 7,176,325 shares (+15123.3%) to their portfolio in Q3 2024, for an estimated $576,187,134
• AMERIPRISE FINANCIAL INC removed 6,593,525 shares (-84.7%) from their portfolio in Q3 2024, for an estimated $529,394,122
• INVESCO LTD. removed 3,705,771 shares (-28.4%) from their portfolio in Q3 2024, for an estimated $297,536,353
• FMR LLC removed 3,698,018 shares (-69.0%) from their portfolio in Q3 2024, for an estimated $296,913,865
• VAN ECK ASSOCIATES CORP added 3,131,807 shares (+39.3%) to their portfolio in Q4 2024, for an estimated $179,609,131
• ASSENAGON ASSET MANAGEMENT S.A. added 2,829,082 shares (+9901.6%) to their portfolio in Q4 2024, for an estimated $162,247,852

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

MICROCHIP TECHNOLOGY Government Contracts

We have seen $3,212,544 of award payments to $MCHP over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

• 76001-204: $1,296,112
• ONE (1) ACTIVE HYDROGEN MASER: $425,062
• 8510594481!RELAY,ELECTROMAGNET: $385,605
• FMS CASE: NE-B-YAT THE PURPOSE OF THIS REQUIREMENT IS TO PROCURE FOR RADIO AND COMMUNICATIONS EQUIPMENT TO ...: $214,896
• ONE (1) INTEGRATED SYSTEM FOR RECEIVING GPS TIMING SATELLITE SIGNALS, DISCIPLINING MULTIPLE INTERNAL OSCILL...: $131,991

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

MICROCHIP TECHNOLOGY Congressional Stock Trading

Members of Congress have traded $MCHP stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $MCHP stock by members of Congress over the last 6 months:

• REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.