GAMMA Investing LLC Buys 8,514 Shares of Microchip Technology Incorporated $MCHP

GAMMA Investing LLC grew its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 85.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,436 shares of the semiconductor company’s stock after buying an additional 8,514 shares during the period. GAMMA Investing LLC’s holdings in Microchip Technology were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Global X Japan Co. Ltd. raised its holdings in 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 in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Microchip Technology by 18.9% in the second quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 192 shares in the last quarter. Clearstead Trust LLC raised its stake in shares of Microchip Technology by 10.5% in the first quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 224 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Microchip Technology by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 46,235 shares of the semiconductor company’s stock worth $2,238,000 after purchasing an additional 230 shares during the period. Finally, Greenleaf Trust boosted its stake in Microchip Technology by 1.0% during the first quarter. Greenleaf Trust now owns 24,933 shares of the semiconductor company’s stock worth $1,207,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

MCHP has been the subject of a number of recent research reports. Cantor Fitzgerald began coverage on shares of Microchip Technology in a research note on Wednesday, June 18th. They issued a “neutral” rating and a $70.00 price objective for the company. Wall Street Zen upgraded shares of Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Susquehanna upped their price objective on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Mizuho raised their target price on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company assumed coverage on Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Microchip Technology has a consensus rating of “Moderate Buy” and an average target price of $75.75.

Insider Transactions at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the sale, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Trading Up 0.4%

Shares of NASDAQ MCHP opened at $65.40 on Tuesday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $81.64. The firm has a market capitalization of $35.30 billion, a P/E ratio of -192.35, a P/E/G ratio of 1.87 and a beta of 1.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The company’s 50 day simple moving average is $67.03 and its 200 day simple moving average is $59.94.

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

Microchip Technology Announces Dividend

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

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.