Atria Investments Inc Has $2.99 Million Stock Position in Microchip Technology Incorporated $MCHP

Atria Investments Inc lowered its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,454 shares of the semiconductor company’s stock after selling 1,114 shares during the quarter. Atria Investments Inc’s holdings in Microchip Technology were worth $2,988,000 at the end of the most recent quarter.

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

Microchip Technology Price Performance

Microchip Technology stock opened at $62.42 on Monday. 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 market capitalization of $33.69 billion, a PE ratio of -183.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.55. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20. The business has a 50 day simple moving average of $64.94 and a 200 day simple moving average of $63.71.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 6.24% and a negative net margin of 3.50%.Microchip Technology’s revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The SEC filing for this sale provides additional information. 1.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

MCHP has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, July 18th. TD Cowen decreased their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, August 8th. The Goldman Sachs Group initiated coverage on Microchip Technology in a report on Thursday, July 10th. They set a “buy” rating and a $88.00 price objective on the stock. Mizuho lifted their price objective on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Finally, KeyCorp lifted their price objective on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.