Phoenix Financial Ltd. Boosts Holdings in Microchip Technology Incorporated $MCHP

Phoenix Financial Ltd. grew its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 8.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,786 shares of the semiconductor company’s stock after purchasing an additional 553 shares during the quarter. Phoenix Financial Ltd.’s holdings in Microchip Technology were worth $477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MCHP. MCF Advisors LLC boosted its stake in shares of Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new position in shares of Microchip Technology in the second quarter valued at approximately $39,000. WPG Advisers LLC purchased a new position in Microchip Technology in the first quarter worth approximately $40,000. Painted Porch Advisors LLC purchased a new position in Microchip Technology in the second quarter worth approximately $40,000. Finally, GW&K Investment Management LLC lifted its stake in Microchip Technology by 161.0% in the first quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MCHP. Needham & Company LLC lifted their price target on shares of Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Mizuho lifted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Susquehanna lifted their price target on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

Insiders Place Their Bets

In other news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction on Monday, August 25th. The shares were 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 $2,062,287.20. The trade was a 19.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction on Monday, August 25th. The shares were 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 in the company, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Down 4.5%

MCHP stock opened at $64.50 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.44. The company’s 50 day moving average is $65.35 and its two-hundred day moving average is $62.03. The stock has a market cap of $34.81 billion, a P/E ratio of -189.71, a PEG ratio of 1.93 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s payout ratio is presently -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.