Inspire Investing LLC Sells 8,226 Shares of Microchip Technology Incorporated $MCHP

Inspire Investing LLC lessened its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,406 shares of the semiconductor company’s stock after selling 8,226 shares during the quarter. Inspire Investing LLC’s holdings in Microchip Technology were worth $3,758,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MCHP. Farther Finance Advisors LLC lifted its position in shares of Microchip Technology by 24.0% in the first quarter. Farther Finance Advisors LLC now owns 3,685 shares of the semiconductor company’s stock worth $179,000 after purchasing an additional 713 shares in the last quarter. Yousif Capital Management LLC raised its position in Microchip Technology by 8.6% during the first quarter. Yousif Capital Management LLC now owns 79,391 shares of the semiconductor company’s stock worth $3,843,000 after acquiring an additional 6,316 shares in the last quarter. GAMMA Investing LLC raised its position in Microchip Technology by 75.0% during the first quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company’s stock worth $480,000 after acquiring an additional 4,252 shares in the last quarter. Integrated Advisors Network LLC raised its position in Microchip Technology by 8.9% during the first quarter. Integrated Advisors Network LLC now owns 9,119 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 746 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in Microchip Technology by 106.5% during the first quarter. GPS Wealth Strategies Group LLC now owns 1,939 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a legal 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 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 transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $88.00 price target on the stock. Piper Sandler upped their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Raymond James Financial upped their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Cantor Fitzgerald assumed coverage on shares of Microchip Technology in a research report on Wednesday, June 18th. They set a “neutral” rating and a $70.00 price target on the stock. Finally, KeyCorp upped their price target on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $75.75.

Microchip Technology Price Performance

Shares of MCHP opened at $60.41 on Friday. The firm has a market capitalization of $32.60 billion, a PE ratio of -177.68, a PEG ratio of 1.89 and a beta of 1.55. The company’s 50-day moving average is $65.26 and its 200-day moving average is $61.00. 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 current ratio of 2.31 and a quick ratio of 1.33.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $1.08 billion for 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 was down 13.3% on a year-over-year basis. During the same period 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. Equities analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is currently -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.