Microchip Technology Incorporated $MCHP Stock Position Increased by Ariston Services Group

Ariston Services Group grew its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,172 shares of the semiconductor company’s stock after purchasing an additional 250 shares during the period. Ariston Services Group’s holdings in Microchip Technology were worth $434,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Chevy Chase Trust Holdings LLC raised its holdings in shares of Microchip Technology by 0.7% during the second quarter. Chevy Chase Trust Holdings LLC now owns 285,707 shares of the semiconductor company’s stock valued at $20,105,000 after buying an additional 2,014 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Microchip Technology by 28.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 6,972 shares of the semiconductor company’s stock valued at $491,000 after acquiring an additional 1,539 shares during the period. Applied Finance Capital Management LLC raised its stake in Microchip Technology by 5.8% during the 2nd quarter. Applied Finance Capital Management LLC now owns 13,886 shares of the semiconductor company’s stock valued at $977,000 after acquiring an additional 758 shares in the last quarter. Values First Advisors Inc. raised its stake in Microchip Technology by 88.3% during the 2nd quarter. Values First Advisors Inc. now owns 37,915 shares of the semiconductor company’s stock valued at $2,668,000 after acquiring an additional 17,784 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in Microchip Technology by 6.4% during the 2nd quarter. Nordea Investment Management AB now owns 46,933 shares of the semiconductor company’s stock worth $3,300,000 after acquiring an additional 2,805 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on MCHP shares. Susquehanna raised their price target on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Mizuho raised their target price on shares of Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Citigroup boosted their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Piper Sandler increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.75.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $65.14 on Friday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The stock has a market cap of $35.15 billion, a PE ratio of -191.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.55. The company’s 50-day moving average price is $65.19 and its two-hundred day moving average price is $61.52.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue 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 anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

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

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.