IVC Wealth Advisors LLC Increases Stock Position in Microchip Technology Incorporated $MCHP

IVC Wealth Advisors LLC boosted its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,635 shares of the semiconductor company’s stock after purchasing an additional 405 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Microchip Technology were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Simplicity Wealth LLC purchased a new stake in Microchip Technology in the second quarter valued at approximately $1,542,000. Wealthcare Advisory Partners LLC raised its stake in shares of Microchip Technology by 3.0% during the second quarter. Wealthcare Advisory Partners LLC now owns 9,270 shares of the semiconductor company’s stock worth $652,000 after acquiring an additional 273 shares in the last quarter. Clarius Group LLC raised its stake in shares of Microchip Technology by 20.2% during the second quarter. Clarius Group LLC now owns 6,409 shares of the semiconductor company’s stock worth $451,000 after acquiring an additional 1,077 shares in the last quarter. Corundum Group Inc. purchased a new position in shares of Microchip Technology during the second quarter worth approximately $247,000. Finally, Fairvoy Private Wealth LLC raised its stake in shares of Microchip Technology by 3.1% during the second quarter. Fairvoy Private Wealth LLC now owns 43,865 shares of the semiconductor company’s stock worth $3,087,000 after acquiring an additional 1,312 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on MCHP. Mizuho lifted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Evercore ISI lifted their price target on shares of Microchip Technology from $69.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Piper Sandler lifted their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Susquehanna lifted their price target on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the transaction, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. The trade was a 19.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s 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 completion of the transaction, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $66.54 on Friday. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $79.53. The stock has a market cap of $35.91 billion, a PE ratio of -195.71, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company’s fifty day moving average price is $65.67 and its 200-day moving average price is $60.62.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The company’s quarterly revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

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

Microchip Technology Company 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.