Mission Wealth Management LP Takes $278,000 Position in Microchip Technology Incorporated $MCHP

Mission Wealth Management LP acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,957 shares of the semiconductor company’s stock, valued at approximately $278,000.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCHP shares. Needham & Company LLC raised their price objective on Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Morgan Stanley raised their price objective on Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Susquehanna raised their price objective on Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Finally, Raymond James Financial lifted their price target on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.65.

Microchip Technology Stock Performance

Shares of MCHP opened at $59.50 on Wednesday. The stock has a 50-day moving average of $64.65 and a two-hundred day moving average of $64.02. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20. 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 has a market cap of $32.11 billion, a P/E ratio of -175.00, a P/E/G ratio of 1.79 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company 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%.The firm’s revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s payout ratio is -535.29%.

Insider Activity

In other news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of 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 position. The SEC filing for this sale provides additional information. Insiders own 1.94% of the company’s stock.

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.