Fairvoy Private Wealth LLC Acquires 1,312 Shares of Microchip Technology Incorporated $MCHP

Fairvoy Private Wealth LLC lifted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,865 shares of the semiconductor company’s stock after purchasing an additional 1,312 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Microchip Technology were worth $3,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd bought a new stake in Microchip Technology during the first quarter worth $369,612,000. Invesco Ltd. raised its position in Microchip Technology by 63.0% during the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after acquiring an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Microchip Technology by 138.9% during the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock worth $427,681,000 after acquiring an additional 5,136,154 shares in the last quarter. Boston Partners raised its position in Microchip Technology by 35.3% during the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock worth $517,082,000 after acquiring an additional 2,795,650 shares in the last quarter. Finally, Amundi raised its position in Microchip Technology by 22.7% during the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock worth $484,743,000 after acquiring an additional 1,849,866 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director owned 30,665 shares in the company, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $66.54 on Friday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.53. The firm has a market cap of $35.91 billion, a price-to-earnings ratio of -195.71, a P/E/G ratio of 1.89 and a beta of 1.55. The firm’s 50-day simple moving average is $65.67 and its 200 day simple moving average is $60.58. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $0.53 earnings per share. Microchip Technology’s revenue for the quarter was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, sell-side analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio is presently -535.29%.

Wall Street Analysts Forecast Growth

MCHP has been the topic of several analyst reports. Stifel Nicolaus upped their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Truist Financial upped their price objective on shares of Microchip Technology from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, June 18th. Needham & Company LLC increased their price objective on shares of Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, August 8th. The Goldman Sachs Group initiated coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They issued a “buy” rating and a $88.00 price objective on the stock. Finally, Mizuho increased their price objective on shares of Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.75.

Microchip Technology Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.