Mutual Advisors LLC Takes Position in Microchip Technology Incorporated $MCHP

Mutual Advisors LLC purchased a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,196 shares of the semiconductor company’s stock, valued at approximately $221,000.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in shares of Microchip Technology by 35.8% during the first quarter. Oppenheimer Asset Management Inc. now owns 33,554 shares of the semiconductor company’s stock valued at $1,624,000 after buying an additional 8,843 shares during the period. Flagship Harbor Advisors LLC grew its stake in Microchip Technology by 67.3% in the first quarter. Flagship Harbor Advisors LLC now owns 16,098 shares of the semiconductor company’s stock valued at $779,000 after purchasing an additional 6,474 shares during the last quarter. Argonautica Private Wealth Management Inc. purchased a new position in Microchip Technology in the first quarter valued at about $428,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Microchip Technology by 9.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 937,682 shares of the semiconductor company’s stock valued at $45,665,000 after purchasing an additional 82,490 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Microchip Technology by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock valued at $158,127,000 after purchasing an additional 122,633 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $67.52 on Wednesday. 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 company has a market cap of $36.44 billion, a PE ratio of -198.59, a P/E/G ratio of 1.92 and a beta of 1.55. The business has a 50-day simple moving average of $65.37 and a two-hundred day simple moving average of $62.01. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share 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%.The company’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 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 company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.7%. Microchip Technology’s payout ratio is -535.29%.

Insider Transactions at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 sale, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MCHP. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Piper Sandler lifted their target price on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. KeyCorp lifted their target price on Microchip Technology from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company assumed coverage on Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.