NorthRock Partners LLC Takes Position in Microchip Technology Incorporated $MCHP

NorthRock Partners LLC purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,880 shares of the semiconductor company’s stock, valued at approximately $203,000.

A number of other large investors have also made changes to their positions in MCHP. Farther Finance Advisors LLC increased its holdings in shares of Microchip Technology by 24.0% in the 1st quarter. Farther Finance Advisors LLC now owns 3,685 shares of the semiconductor company’s stock valued at $179,000 after purchasing an additional 713 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Microchip Technology by 75.0% in the 1st quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 4,252 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Microchip Technology by 24.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 403,829 shares of the semiconductor company’s stock valued at $19,549,000 after purchasing an additional 80,125 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Microchip Technology by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 102,491 shares of the semiconductor company’s stock valued at $4,962,000 after purchasing an additional 6,857 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of Microchip Technology in the 1st quarter valued at about $318,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $65.14 on Friday. The company has a market cap of $35.15 billion, a PE ratio of -191.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.55. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $79.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The company has a 50-day simple moving average of $65.19 and a 200-day simple moving average of $61.52.

Microchip Technology (NASDAQ:MCHP) last issued 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. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s payout ratio is -535.29%.

Insider Transactions at Microchip Technology

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Wall Street Zen raised shares of Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. 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 note on Friday, August 8th. TD Cowen lowered their price objective on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, August 8th. Finally, KeyCorp increased their price objective on shares of Microchip Technology from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. One research 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 company’s stock. According to data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $75.75.

About Microchip Technology

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.