Microchip Technology Incorporated $MCHP Shares Purchased by Logan Capital Management Inc.

Logan Capital Management Inc. raised its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 44.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,109 shares of the semiconductor company’s stock after purchasing an additional 20,228 shares during the period. Logan Capital Management Inc.’s holdings in Microchip Technology were worth $3,200,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCHP. Garde Capital Inc. bought a new stake in shares of Microchip Technology during the 1st quarter worth about $30,000. WPG Advisers LLC bought a new stake in shares of Microchip Technology during the 1st quarter worth about $40,000. Orion Capital Management LLC bought a new stake in shares of Microchip Technology during the 4th quarter worth about $41,000. Byrne Asset Management LLC bought a new stake in shares of Microchip Technology during the 1st quarter worth about $41,000. Finally, GW&K Investment Management LLC raised its position in shares of Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company’s stock worth $45,000 after buying an additional 578 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Down 0.8%

MCHP stock opened at $64.76 on Wednesday. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $81.64. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The company has a market cap of $34.95 billion, a price-to-earnings ratio of -190.47, a PEG ratio of 1.87 and a beta of 1.56. The company has a 50 day moving average of $68.58 and a two-hundred day moving average of $59.56.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction 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 completion of the sale, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MCHP. TD Cowen dropped their price target on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. UBS Group increased their target price on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Rosenblatt Securities increased their target price on shares of Microchip Technology from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Raymond James Financial increased their target price on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.58.

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.