Rovin Capital UT ADV Has $383,000 Position in Microchip Technology Incorporated $MCHP

Rovin Capital UT ADV reduced its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 40.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,438 shares of the semiconductor company’s stock after selling 3,666 shares during the quarter. Rovin Capital UT ADV’s holdings in Microchip Technology were worth $383,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. MCF Advisors LLC increased its stake in Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares during the last quarter. Carderock Capital Management Inc. bought a new stake in Microchip Technology in the second quarter valued at approximately $39,000. WPG Advisers LLC bought a new stake in Microchip Technology during the 1st quarter worth approximately $40,000. Painted Porch Advisors LLC purchased a new stake in shares of Microchip Technology in the second quarter valued at about $40,000. Finally, Fourth Dimension Wealth LLC lifted its holdings in shares of Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after buying an additional 298 shares in the last quarter. 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 company’s stock in a transaction dated 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 approximately $2,062,287.20. This represents a 19.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 value of $682,500.00. Following the transaction, the director owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Trading Down 2.4%

Shares of Microchip Technology stock opened at $59.35 on Friday. The company’s 50-day simple moving average is $64.42 and its 200-day simple moving average is $63.97. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of -174.56, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $77.20.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.455 per share. The ex-dividend date is Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 3.1%. Microchip Technology’s dividend payout ratio is presently -535.29%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of Microchip Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $88.00 target price on the stock. Stifel Nicolaus decreased their price objective on Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Company began coverage on shares of Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price target on the stock. Raymond James Financial lifted their target price on Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. Finally, Needham & Company LLC decreased their price target on Microchip Technology from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.58.

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.