Lmcg Investments LLC Lowers Stake in Microchip Technology Incorporated $MCHP

Lmcg Investments LLC lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 105,730 shares of the semiconductor company’s stock after selling 5,278 shares during the period. Lmcg Investments LLC’s holdings in Microchip Technology were worth $7,440,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Everhart Financial Group Inc. acquired a new stake in Microchip Technology during the 1st quarter worth approximately $221,000. Sowell Financial Services LLC acquired a new stake in Microchip Technology during the 1st quarter worth approximately $318,000. Oppenheimer Asset Management Inc. lifted its holdings in Microchip Technology by 35.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,554 shares of the semiconductor company’s stock worth $1,624,000 after buying an additional 8,843 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Microchip Technology by 67.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 16,098 shares of the semiconductor company’s stock worth $779,000 after buying an additional 6,474 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. acquired a new stake in Microchip Technology during the 1st quarter worth approximately $428,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Down 8.3%

Shares of NASDAQ:MCHP opened at $60.41 on Friday. The company has a market cap of $32.60 billion, a price-to-earnings ratio of -177.68, a PEG ratio of 1.89 and a beta of 1.55. The firm’s 50-day simple moving average is $65.26 and its 200-day simple moving average is $61.00. 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 fifty-two week low of $34.13 and a fifty-two week high of $79.44.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 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 firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a yield of 3.0%. Microchip Technology’s payout ratio is currently -535.29%.

Analyst Upgrades and Downgrades

MCHP has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Microchip Technology in a report on Thursday, July 10th. They set a “buy” rating and a $88.00 target price on the stock. Susquehanna increased their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Stifel Nicolaus raised their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, July 18th. UBS Group raised their price objective on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, TD Cowen reduced their price objective on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average 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 business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, 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 insiders.

Microchip Technology Profile

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.