Resonant Capital Advisors LLC Boosts Holdings in Microchip Technology Incorporated $MCHP

Resonant Capital Advisors LLC boosted its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 19.6% during the second quarter, Holdings Channel.com reports. The fund owned 11,271 shares of the semiconductor company’s stock after purchasing an additional 1,844 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Microchip Technology were worth $793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Microchip Technology by 75.0% in the first quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company’s stock worth $480,000 after acquiring an additional 4,252 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Microchip Technology by 63.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 59,086 shares of the semiconductor company’s stock worth $2,860,000 after acquiring an additional 22,847 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Microchip Technology by 2,701.8% in the first quarter. Golden State Wealth Management LLC now owns 1,541 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 1,486 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Microchip Technology in the first quarter worth about $226,000. Finally, Transcend Capital Advisors LLC lifted its stake in shares of Microchip Technology by 44.4% in the first quarter. Transcend Capital Advisors LLC now owns 5,980 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 1,838 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This trade represents a 24.59% 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.

Analyst Ratings Changes

Several research firms recently commented on MCHP. UBS Group boosted their price target on Microchip Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Stifel Nicolaus boosted their price target on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. TD Cowen cut their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, August 8th. KeyCorp upped their price objective on Microchip Technology from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group started coverage on Microchip Technology in a research note on Thursday, July 10th. They set a “buy” rating and a $88.00 price objective on the stock. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.75.

Microchip Technology Stock Down 2.9%

Shares of Microchip Technology stock opened at $63.17 on Monday. 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 business’s 50 day simple moving average is $65.28 and its 200-day simple moving average is $62.72. The stock has a market capitalization of $34.09 billion, a price-to-earnings ratio of -185.79, a PEG ratio of 1.81 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.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio is presently -535.29%.

Microchip Technology Company 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.