Microchip Technology Incorporated $MCHP Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 87.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 95,442 shares of the semiconductor company’s stock after selling 663,825 shares during the period. Westwood Holdings Group Inc.’s holdings in Microchip Technology were worth $6,716,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Sagespring Wealth Partners LLC increased its holdings in Microchip Technology by 2.7% in the second quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock valued at $407,000 after buying an additional 154 shares during the last quarter. Mechanics Financial Corp lifted its holdings in Microchip Technology by 3.4% during the 2nd quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock worth $353,000 after buying an additional 167 shares during the last quarter. Bollard Group LLC grew its position in shares of Microchip Technology by 5.8% in the 2nd quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 173 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of Microchip Technology by 0.4% in the 2nd quarter. Global X Japan Co. Ltd. now owns 45,705 shares of the semiconductor company’s stock valued at $3,216,000 after acquiring an additional 174 shares during the last quarter. Finally, Bank of Jackson Hole Trust increased its holdings in shares of Microchip Technology by 2.0% in the 2nd quarter. Bank of Jackson Hole Trust now owns 8,828 shares of the semiconductor company’s stock valued at $621,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MCHP. Rosenblatt Securities reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a report on Wednesday, December 3rd. Morgan Stanley raised their price target on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Bank of America boosted their price objective on shares of Microchip Technology from $67.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Susquehanna cut their target price on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Finally, Wells Fargo & Company decreased their target price on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Microchip Technology has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Insider Activity

In other news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Microchip Technology stock opened at $67.18 on Tuesday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $77.20. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $36.31 billion, a price-to-earnings ratio of -149.29, a PEG ratio of 2.12 and a beta of 1.47. The firm has a 50-day moving average price of $60.43 and a two-hundred day moving average price of $65.06.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. Microchip Technology’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Microchip Technology 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.