Prospera Financial Services Inc Increases Stake in Microchip Technology Incorporated $MCHP

Prospera Financial Services Inc raised its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 27.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 81,568 shares of the semiconductor company’s stock after acquiring an additional 17,480 shares during the period. Prospera Financial Services Inc’s holdings in Microchip Technology were worth $5,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MCHP. Van Cleef Asset Management Inc acquired a new stake in Microchip Technology in the second quarter valued at about $246,000. AE Wealth Management LLC purchased a new position in shares of Microchip Technology during the 2nd quarter worth approximately $662,000. Penserra Capital Management LLC lifted its holdings in shares of Microchip Technology by 4.6% in the 2nd quarter. Penserra Capital Management LLC now owns 280,752 shares of the semiconductor company’s stock valued at $19,755,000 after buying an additional 12,378 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Microchip Technology in the second quarter valued at approximately $1,611,000. Finally, Texas Yale Capital Corp. acquired a new position in Microchip Technology during the second quarter worth $266,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $56.28 on Friday. 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 company’s 50-day moving average price is $64.24 and its 200 day moving average price is $64.25. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20. The stock has a market cap of $30.37 billion, a price-to-earnings ratio of -165.53, a PEG ratio of 1.79 and a beta of 1.57.

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

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 3.2%. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Raymond James Financial raised their target price on Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a report on Friday, August 8th. Morgan Stanley raised their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. TD Cowen dropped their target price on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a report on Friday. Finally, Susquehanna reduced their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.47.

Insiders Place Their Bets

In other 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 sale, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on 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 directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.94% of the company’s stock.

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.