KLP Kapitalforvaltning AS Grows Stock Holdings in Microchip Technology Incorporated $MCHP

KLP Kapitalforvaltning AS raised its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 188,280 shares of the semiconductor company’s stock after buying an additional 7,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Microchip Technology were worth $13,249,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Garde Capital Inc. bought a new stake in shares of Microchip Technology in the 1st quarter valued at about $30,000. MCF Advisors LLC raised its holdings in shares of Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares in the last quarter. Carderock Capital Management Inc. bought a new stake in shares of Microchip Technology in the 2nd quarter valued at about $39,000. WPG Advisers LLC bought a new stake in shares of Microchip Technology in the 1st quarter valued at about $40,000. Finally, Painted Porch Advisors LLC bought a new stake in shares of Microchip Technology in the 2nd quarter valued at about $40,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. KeyCorp boosted their price target on shares of Microchip Technology from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. TD Cowen reduced their price target on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a report on Friday, August 8th. Evercore ISI boosted their price objective on shares of Microchip Technology from $69.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.75.

Microchip Technology Trading Up 3.0%

NASDAQ MCHP opened at $66.92 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44. The firm has a market cap of $36.12 billion, a PE ratio of -196.82, a price-to-earnings-growth ratio of 1.86 and a beta of 1.55. The company has a 50 day moving average price of $65.41 and a 200 day moving average price of $60.86.

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, beating 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business posted $0.53 EPS. Microchip Technology’s revenue for the quarter 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. As a group, sell-side 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 was paid on Friday, September 5th. Shareholders 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 dividend on an annualized basis and a yield of 2.7%. Microchip Technology’s dividend payout ratio is presently -535.29%.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the company’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 in the company, valued at approximately $2,062,287.20. This 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 company’s stock in a transaction that occurred 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 transaction, the director owned 30,665 shares in the company, valued at $2,092,886.25. The trade was a 24.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

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.