Microchip Technology Incorporated $MCHP Shares Sold by CVA Family Office LLC

CVA Family Office LLC lessened its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 11.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,866 shares of the semiconductor company’s stock after selling 361 shares during the period. CVA Family Office LLC’s holdings in Microchip Technology were worth $202,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC lifted its stake in shares of Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new position in Microchip Technology in the second quarter valued at $39,000. WPG Advisers LLC purchased a new position in Microchip Technology in the first quarter valued at $40,000. Painted Porch Advisors LLC acquired a new position in shares of Microchip Technology in the second quarter worth about $40,000. Finally, GW&K Investment Management LLC boosted its stake in shares of Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 578 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Trading Down 2.9%

Shares of MCHP stock opened at $63.17 on Friday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock’s fifty day moving average is $65.28 and its two-hundred day moving average is $62.60. The firm has a market capitalization of $34.09 billion, a P/E ratio of -185.79, a PEG ratio of 1.81 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (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 analyst estimates 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 revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is -535.29%.

Insider Activity at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the sale, the director owned 30,665 shares of the company’s stock, valued at approximately $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. Insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MCHP shares. Mizuho lifted their price target on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Susquehanna upped their target price on Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. Citigroup increased their target price on Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, July 7th. UBS Group lifted their price target on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Wells Fargo & Company started coverage on shares of Microchip Technology in a research report on Monday, September 15th. They set an “equal weight” rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

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.