Fort Washington Investment Advisors Inc. OH Purchases 6,718 Shares of Microchip Technology Incorporated $MCHP

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 1.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 624,393 shares of the semiconductor company’s stock after acquiring an additional 6,718 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.12% of Microchip Technology worth $43,939,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MCHP. B. Riley Wealth Advisors Inc. raised its holdings in Microchip Technology by 4.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 6,859 shares of the semiconductor company’s stock worth $393,000 after acquiring an additional 305 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Microchip Technology by 155.4% in the first quarter. Central Pacific Bank Trust Division now owns 32,108 shares of the semiconductor company’s stock valued at $1,554,000 after buying an additional 19,537 shares during the period. GAMMA Investing LLC raised its stake in Microchip Technology by 8,371.3% in the first quarter. GAMMA Investing LLC now owns 480,324 shares of the semiconductor company’s stock valued at $23,252,000 after buying an additional 474,654 shares during the period. Parallel Advisors LLC raised its stake in Microchip Technology by 20.7% in the first quarter. Parallel Advisors LLC now owns 5,709 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 981 shares during the period. Finally, IVC Wealth Advisors LLC raised its stake in Microchip Technology by 12.2% in the first quarter. IVC Wealth Advisors LLC now owns 5,230 shares of the semiconductor company’s stock valued at $253,000 after buying an additional 570 shares during the period. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on MCHP shares. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Evercore ISI upped their price objective on Microchip Technology from $69.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. Wall Street Zen raised Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Stifel Nicolaus upped their target price on Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Mizuho upped their target price on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. One research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

Microchip Technology Trading Down 0.6%

Shares of NASDAQ:MCHP opened at $64.42 on Friday. The company has a market capitalization of $34.77 billion, a P/E ratio of -189.47, a P/E/G ratio of 1.85 and a beta of 1.56. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $81.64. 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 business’s 50 day simple moving average is $66.30 and its 200 day simple moving average is $60.23.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly 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. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

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