Microchip Technology Incorporated $MCHP Shares Purchased by Capstone Capital Management Ltd

Capstone Capital Management Ltd raised its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 487.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,929 shares of the semiconductor company’s stock after buying an additional 10,729 shares during the period. Capstone Capital Management Ltd’s holdings in Microchip Technology were worth $1,005,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC increased its holdings in shares of Microchip Technology by 0.9% in the first quarter. Resonant Capital Advisors LLC now owns 12,542 shares of the semiconductor company’s stock valued at $810,000 after purchasing an additional 118 shares during the last quarter. Apella Capital LLC raised its stake in shares of Microchip Technology by 4.8% in the 2nd quarter. Apella Capital LLC now owns 2,669 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 122 shares during the period. Bridgewater Advisors Inc. lifted its stake in Microchip Technology by 4.2% during the second quarter. Bridgewater Advisors Inc. now owns 3,331 shares of the semiconductor company’s stock worth $304,000 after purchasing an additional 133 shares in the last quarter. Total Wealth Planning & Management Inc. boosted its holdings in Microchip Technology by 3.5% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 4,225 shares of the semiconductor company’s stock valued at $385,000 after acquiring an additional 141 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of Microchip Technology by 2.0% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 7,513 shares of the semiconductor company’s stock valued at $685,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MCHP has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Microchip Technology from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Weiss Ratings upgraded Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. UBS Group reiterated a “buy” rating and set a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. Citigroup dropped their target price on Microchip Technology from $113.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $120.00 price target on shares of Microchip Technology in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.57.

Insider Activity at Microchip Technology

In related news, CFO James Bjornholt sold 4,112 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the sale, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at approximately $2,152,118.36. This trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is currently owned by corporate insiders.

Microchip Technology Trading Up 1.9%

Shares of Microchip Technology stock opened at $75.85 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The business has a 50 day moving average price of $75.30 and a 200 day moving average price of $82.74. The company has a market capitalization of $41.19 billion, a P/E ratio of 45.38, a P/E/G ratio of 0.51 and a beta of 1.77.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The firm’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Sell-side analysts anticipate that Microchip Technology Incorporated will post 3.20 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were paid a $0.4550 dividend. This represents a $1.82 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, August 24th. Microchip Technology’s dividend payout ratio is presently 271.64%.

Microchip Technology Company Profile

Microchip Technology Incorporated (NASDAQ:MCHP) develops and manufactures semiconductor products used in embedded control and connected electronic systems. Its portfolio includes microcontrollers, microprocessors, analog and power-management devices, memory products, timing and connectivity components, security solutions, and field-programmable gate arrays. The company also provides development tools, software, evaluation kits, and technical support to help customers design and produce electronic equipment.

Microchip’s products are used across a range of markets, including automotive, industrial, aerospace and defense, communications, consumer electronics, data centers, and medical applications.