Microchip Technology Incorporated $MCHP Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,027 shares of the semiconductor company’s stock after acquiring an additional 619 shares during the quarter. Stephens Inc. AR’s holdings in Microchip Technology were worth $1,902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sagespring Wealth Partners LLC boosted its position in shares of Microchip Technology by 2.7% in the second quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock worth $407,000 after buying an additional 154 shares during the period. Mechanics Financial Corp boosted its position in shares of Microchip Technology by 3.4% in the second quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock worth $353,000 after buying an additional 167 shares during the period. Global X Japan Co. Ltd. boosted its position in shares of Microchip Technology by 0.4% in the second quarter. Global X Japan Co. Ltd. now owns 45,705 shares of the semiconductor company’s stock worth $3,216,000 after buying an additional 174 shares during the period. Pinnacle Bancorp Inc. boosted its position in shares of Microchip Technology by 18.9% in the second quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock worth $85,000 after buying an additional 192 shares during the period. Finally, Grimes & Company Inc. boosted its position in shares of Microchip Technology by 4.3% in the second quarter. Grimes & Company Inc. now owns 5,237 shares of the semiconductor company’s stock worth $369,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other Microchip Technology news, 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 value of $505,504.32. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the sale, the director directly owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This represents 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.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MCHP. Raymond James Financial raised their target price on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. UBS Group raised their target price on Microchip Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. TD Cowen reduced their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, August 8th. Finally, Mizuho boosted their target price on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $65.09 on Friday. The business’s 50-day moving average price is $65.33 and its two-hundred day moving average price is $62.22. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $79.44. The company has a market capitalization of $35.13 billion, a P/E ratio of -191.44, a price-to-earnings-growth ratio of 1.85 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm 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 company posted $0.53 earnings per share. The business’s quarterly 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. Analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share 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 given a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s payout ratio is currently -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.