Microchip Technology Incorporated $MCHP Stake Raised by First National Advisers LLC

First National Advisers LLC lifted its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 19.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,355 shares of the semiconductor company’s stock after buying an additional 9,361 shares during the period. First National Advisers LLC’s holdings in Microchip Technology were worth $3,966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd acquired a new position in Microchip Technology during the 1st quarter worth $369,612,000. Norges Bank bought a new stake in shares of Microchip Technology during the second quarter valued at about $473,320,000. Invesco Ltd. grew its position in Microchip Technology by 63.0% in the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after buying an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Microchip Technology by 138.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock valued at $427,681,000 after buying an additional 5,136,154 shares in the last quarter. Finally, Boston Partners increased its stake in Microchip Technology by 38.2% during the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after buying an additional 4,101,034 shares during the period. 91.51% of the stock is owned by institutional investors.

Microchip Technology Trading Down 0.1%

Shares of NASDAQ:MCHP opened at $52.50 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock has a market capitalization of $28.37 billion, a price-to-earnings ratio of -154.41, a PEG ratio of 1.79 and a beta of 1.57. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The company has a 50 day moving average price of $60.57 and a 200 day moving average price of $64.57.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results 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 positive return on equity of 6.24% and a negative net margin of 3.50%.The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 24th. Microchip Technology’s dividend payout ratio is currently -404.44%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MCHP shares. Morgan Stanley increased their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Needham & Company LLC cut their target price on Microchip Technology from $77.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Citigroup lowered their price target on Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Truist Financial restated a “hold” rating and issued a $60.00 price objective (down previously from $64.00) on shares of Microchip Technology in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average price target of $73.47.

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.