Microchip Technology Incorporated $MCHP Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC increased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 45.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,849 shares of the semiconductor company’s stock after acquiring an additional 10,286 shares during the period. Orion Porfolio Solutions LLC’s holdings in Microchip Technology were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd purchased a new position in shares of Microchip Technology in the first quarter worth about $369,612,000. Norges Bank purchased a new stake in Microchip Technology in the second quarter valued at approximately $473,320,000. Dodge & Cox increased its holdings in Microchip Technology by 958.4% in the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock worth $446,132,000 after buying an additional 5,740,827 shares during the period. Boston Partners raised its position in Microchip Technology by 38.2% during the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after buying an additional 4,101,034 shares during the last quarter. Finally, State Street Corp lifted its stake in Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock valued at $2,244,016,000 after acquiring an additional 2,489,258 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MCHP. KeyCorp reiterated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Stifel Nicolaus cut their price target on Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Susquehanna reduced their price objective on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company lowered their target price on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Finally, Truist Financial reaffirmed a “hold” rating and set a $60.00 target price (down from $64.00) on shares of Microchip Technology in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.00.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.94% of the stock is currently owned by insiders.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $64.91 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20. The stock’s 50-day moving average price is $60.45 and its 200-day moving average price is $65.14. The stock has a market capitalization of $35.08 billion, a PE ratio of -144.24, a price-to-earnings-growth ratio of 2.02 and a beta of 1.47.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.Microchip Technology’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s payout ratio is presently -404.44%.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.