Profund Advisors LLC Grows Holdings in Microchip Technology Incorporated $MCHP

Profund Advisors LLC boosted its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 5.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 73,687 shares of the semiconductor company’s stock after purchasing an additional 3,965 shares during the period. Profund Advisors LLC’s holdings in Microchip Technology were worth $5,185,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sagespring Wealth Partners LLC increased its position in Microchip Technology by 2.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock valued at $407,000 after acquiring an additional 154 shares during the period. Mechanics Financial Corp lifted its holdings in shares of Microchip Technology by 3.4% in the 2nd quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 167 shares during the period. Global X Japan Co. Ltd. lifted its holdings in 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 valued at $3,216,000 after acquiring an additional 174 shares during the period. Bank of Jackson Hole Trust boosted its position in shares of Microchip Technology by 2.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 8,828 shares of the semiconductor company’s stock worth $621,000 after purchasing an additional 174 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its holdings in shares of Microchip Technology by 18.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 192 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCHP has been the subject of a number of research reports. 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. Citigroup lowered their target price on Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler boosted 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. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, TD Cowen lowered their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock 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 given a Sell rating to the company’s stock. According to MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $73.47.

Insider Activity

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction dated 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 trade represents a 19.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the business’s 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 transaction, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.94% of the stock is owned by corporate insiders.

Microchip Technology Stock Performance

Microchip Technology stock opened at $56.28 on Monday. 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 12 month low of $34.13 and a 12 month high of $77.20. The company has a market cap of $30.37 billion, a price-to-earnings ratio of -165.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The stock’s 50-day moving average is $64.24 and its 200-day moving average is $64.41.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company posted $0.46 earnings per share. Microchip Technology’s 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. Equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, November 24th. Microchip Technology’s payout ratio is currently -404.44%.

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.