Taylor Financial Group Inc. Reduces Stake in Microchip Technology Incorporated $MCHP

Taylor Financial Group Inc. lowered its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,968 shares of the semiconductor company’s stock after selling 520 shares during the period. Microchip Technology makes up approximately 1.0% of Taylor Financial Group Inc.’s investment portfolio, making the stock its 24th biggest position. Taylor Financial Group Inc.’s holdings in Microchip Technology were worth $1,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MCHP. Argonautica Private Wealth Management Inc. bought a new stake in shares of Microchip Technology in the 1st quarter valued at approximately $428,000. Charles Schwab Investment Management Inc. raised its holdings in Microchip Technology by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock valued at $158,127,000 after buying an additional 122,633 shares during the period. Victory Capital Management Inc. raised its holdings in Microchip Technology by 18.2% during the 1st quarter. Victory Capital Management Inc. now owns 602,783 shares of the semiconductor company’s stock valued at $29,181,000 after buying an additional 92,962 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Microchip Technology by 0.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after buying an additional 152,434 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Microchip Technology by 4.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 421,195 shares of the semiconductor company’s stock valued at $30,773,000 after acquiring an additional 17,366 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Shares of NASDAQ:MCHP opened at $64.55 on Tuesday. The firm’s 50 day simple moving average is $65.26 and its 200-day simple moving average is $62.86. The firm has a market cap of $34.84 billion, a PE ratio of -189.85, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $79.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31.

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

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s payout ratio is presently -535.29%.

Insider Activity

In other Microchip Technology 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 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the director 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. Insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup boosted their price objective on shares of Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, July 7th. The Goldman Sachs Group initiated coverage on shares of Microchip Technology in a research note on Thursday, July 10th. They set a “buy” rating and a $88.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price objective for the company. Mizuho raised their price objective 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. Finally, TD Cowen reduced their price target on Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.75.

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.