Private Advisory Group LLC Acquires Shares of 19,413 Microchip Technology Incorporated $MCHP

Private Advisory Group LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 19,413 shares of the semiconductor company’s stock, valued at approximately $1,247,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Microchip Technology by 51.3% during the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after acquiring an additional 5,835 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Microchip Technology by 101.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 616 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Microchip Technology by 53.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,255 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 789 shares during the period. Freedom Investment Management Inc. purchased a new stake in Microchip Technology in the 2nd quarter worth about $212,000. Finally, Bleakley Financial Group LLC lifted its stake in Microchip Technology by 21.5% in the second quarter. Bleakley Financial Group LLC now owns 14,499 shares of the semiconductor company’s stock worth $1,020,000 after purchasing an additional 2,564 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MCHP shares. BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Thursday, January 22nd. Stifel Nicolaus set a $90.00 target price on Microchip Technology in a research note on Friday, February 6th. Barclays began coverage on shares of Microchip Technology in a research note on Thursday, February 12th. They set an “equal weight” rating and a $80.00 target price for the company. Susquehanna raised their price target on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald lifted their price objective on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the sale, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. This represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 121,615 shares of company stock valued at $9,641,654. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

MCHP stock opened at $77.73 on Monday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $83.35. The business has a 50-day moving average price of $72.77 and a 200 day moving average price of $66.18. The company has a market capitalization of $42.06 billion, a P/E ratio of -268.03, a PEG ratio of 1.96 and a beta of 1.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, equities research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a $0.455 dividend. The ex-dividend date is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. Microchip Technology’s dividend payout ratio (DPR) is currently -627.59%.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.