VestGen Advisors LLC Purchases New Position in Microchip Technology Incorporated $MCHP

VestGen Advisors LLC purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 21,650 shares of the semiconductor company’s stock, valued at approximately $1,524,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MCF Advisors LLC boosted 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 in the last quarter. Carderock Capital Management Inc. acquired a new stake in Microchip Technology during the 2nd quarter worth $39,000. WPG Advisers LLC purchased a new stake in Microchip Technology in the first quarter valued at $40,000. Painted Porch Advisors LLC acquired a new position in Microchip Technology in the second quarter valued at $40,000. Finally, Fourth Dimension Wealth LLC boosted its stake in Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 298 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In other news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on MCHP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Citigroup dropped their price target on Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. 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. Stifel Nicolaus reduced their price objective on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology Trading Down 0.3%

Shares of MCHP stock opened at $53.43 on Tuesday. The company has a market capitalization of $28.88 billion, a P/E ratio of -157.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $60.33 and its two-hundred day moving average is $64.56. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $77.20.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 3.4%. Microchip Technology’s payout ratio is presently -404.44%.

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.