Studio Investment Management LLC Reduces Position in Microchip Technology Incorporated $MCHP

Studio Investment Management LLC cut its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 15.3% during the second quarter, HoldingsChannel reports. The firm owned 9,753 shares of the semiconductor company’s stock after selling 1,768 shares during the quarter. Studio Investment Management LLC’s holdings in Microchip Technology were worth $686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its stake 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 acquiring an additional 8,843 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake 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 acquiring an additional 6,474 shares in the last quarter. Argonautica Private Wealth Management Inc. acquired a new stake in Microchip Technology during the 1st quarter worth $428,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Microchip Technology by 9.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 937,682 shares of the semiconductor company’s stock worth $45,665,000 after acquiring an additional 82,490 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Microchip Technology by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock worth $158,127,000 after acquiring an additional 122,633 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Trading Up 0.7%

Shares of Microchip Technology stock opened at $67.52 on Wednesday. The company has a market capitalization of $36.44 billion, a P/E ratio of -198.59, a PEG ratio of 1.92 and a beta of 1.55. The company’s fifty day moving average is $65.37 and its two-hundred day moving average is $62.01. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year 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. Analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.7%. Microchip Technology’s payout ratio is presently -535.29%.

Insider Activity

In other news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction dated Monday, August 25th. The shares were 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 $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology 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 completion of the sale, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on MCHP. Stifel Nicolaus lifted their price target 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. Raymond James Financial lifted their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. Piper Sandler raised their price objective on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. KeyCorp raised their price objective on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company initiated coverage on shares of Microchip Technology in a research report on Monday, September 15th. They set an “equal weight” rating and a $60.00 price objective on the stock. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

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.