28,300 Shares in Microchip Technology Incorporated $MCHP Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 28,300 shares of the semiconductor company’s stock, valued at approximately $1,991,000.

Other hedge funds have also made changes to their positions in the company. Parsons Capital Management Inc. RI purchased a new position in Microchip Technology in the second quarter valued at $280,000. Mizuho Markets Cayman LP acquired a new position in shares of Microchip Technology during the 2nd quarter worth about $107,584,000. Boston Partners increased its holdings in shares of Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after acquiring an additional 4,076,112 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Microchip Technology by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock worth $158,127,000 after acquiring an additional 122,633 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Microchip Technology by 0.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after acquiring an additional 152,434 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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 on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MCHP has been the subject of a number of research analyst reports. Cantor Fitzgerald lowered their price target on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Susquehanna reduced their price objective 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, November 7th. Citigroup lowered their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.11.

Microchip Technology Trading Up 1.7%

Shares of Microchip Technology stock opened at $64.72 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The company has a market capitalization of $34.98 billion, a P/E ratio of -143.82, a PEG ratio of 2.23 and a beta of 1.47. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $77.20. The company’s fifty day moving average is $60.13 and its two-hundred day moving average is $64.53.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, November 24th. Microchip Technology’s dividend payout ratio is -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.