Cwm LLC Increases Stake in Microchip Technology Incorporated $MCHP

Cwm LLC increased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 27.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,831 shares of the semiconductor company’s stock after purchasing an additional 11,294 shares during the period. Cwm LLC’s holdings in Microchip Technology were worth $3,647,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Mechanics Financial Corp boosted its holdings in shares of Microchip Technology by 3.4% during the 2nd quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock valued at $353,000 after acquiring an additional 167 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of Microchip Technology by 0.4% during 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 during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Microchip Technology by 18.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 192 shares during the last quarter. Grimes & Company Inc. boosted its holdings in shares of Microchip Technology by 4.3% during the 2nd quarter. Grimes & Company Inc. now owns 5,237 shares of the semiconductor company’s stock valued at $369,000 after acquiring an additional 217 shares during the last quarter. Finally, Clearstead Trust LLC boosted its holdings in shares of Microchip Technology by 10.5% during the 1st quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 224 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology 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 of the company’s stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 directly owned 30,010 shares in the company, valued at $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 owned by insiders.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $65.35 on Friday. The firm’s 50 day moving average price is $65.12 and its 200-day moving average price is $61.41. The stock has a market capitalization of $35.27 billion, a PE ratio of -192.21, a price-to-earnings-growth ratio of 1.87 and a beta of 1.55. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.44. 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 (NASDAQ:MCHP) last issued its quarterly 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. 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 the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders 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 annualized dividend and a yield of 2.8%. Microchip Technology’s payout ratio is currently -535.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MCHP shares. Citigroup raised their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a report on Monday, July 7th. Stifel Nicolaus raised their price target 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. Piper Sandler raised their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Finally, TD Cowen lowered their price objective on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, August 8th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

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.