MGO One Seven LLC Buys Shares of 2,951 Microchip Technology Incorporated $MCHP

MGO One Seven LLC bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,951 shares of the semiconductor company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Garde Capital Inc. purchased a new stake in shares of Microchip Technology in the 1st quarter valued at $30,000. MCF Advisors LLC raised its holdings 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 buying an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new stake in shares of Microchip Technology in the 2nd quarter valued at $39,000. WPG Advisers LLC purchased a new stake in shares of Microchip Technology in the 1st quarter valued at $40,000. Finally, Painted Porch Advisors LLC purchased a new stake in shares of Microchip Technology in the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

MCHP has been the topic of several research analyst reports. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. TD Cowen cut 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 research note on Thursday, July 10th. They set a “buy” rating and a $88.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Insider Activity

In other news, Director Matthew W. Chapman sold 10,000 shares of the company’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 completion of the transaction, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total value 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 represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Trading Up 3.0%

MCHP opened at $67.07 on Tuesday. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $79.44. The stock has a market capitalization of $36.20 billion, a price-to-earnings ratio of -197.26, a PEG ratio of 1.87 and a beta of 1.55. 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 business has a fifty day moving average price of $65.31 and a 200 day moving average price of $61.97.

Microchip Technology (NASDAQ:MCHP) last released 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders 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 2.7%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio is currently -535.29%.

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.