Hennion & Walsh Asset Management Inc. Sells 14,009 Shares of Microchip Technology Incorporated $MCHP

Hennion & Walsh Asset Management Inc. reduced its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 50.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,990 shares of the semiconductor company’s stock after selling 14,009 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Microchip Technology were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MCHP. AQR Capital Management LLC boosted its position in shares of Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock worth $827,000 after purchasing an additional 5,835 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Microchip Technology by 61.9% in the first quarter. NewEdge Advisors LLC now owns 40,512 shares of the semiconductor company’s stock valued at $1,961,000 after buying an additional 15,491 shares during the period. MBB Public Markets I LLC bought a new position in Microchip Technology during the first quarter worth about $294,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Microchip Technology by 9.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,348,465 shares of the semiconductor company’s stock worth $162,099,000 after buying an additional 302,460 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Microchip Technology by 101.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 616 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.94% of the company’s stock.

Key Headlines Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Mizuho raised its price target on MCHP from $80 to $83 and kept an “outperform” rating, signaling further upside from current levels. Benzinga
• Positive Sentiment: Multiple firms issued bullish notes or upgrades (Needham, Rosenblatt, B. Riley, JPMorgan, Morgan Stanley), contributing to buying momentum and analyst-driven interest. Needham Rosenblatt B. Riley
• Positive Sentiment: Wells Fargo raised its price target for MCHP to $68 (another Wells Fargo note earlier had maintained a Hold). The PT bump helps support the rally alongside other upgrades. Wells Fargo PT Boost
• Positive Sentiment: Microchip raised Q4 sales guidance and shares reacted sharply (reported ~16% intraday lift after the guidance update), indicating improving demand expectations. Yahoo Finance
• Positive Sentiment: Product/partnership news: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — enhances enterprise AI relevance. GlobeNewswire
• Neutral Sentiment: Wells Fargo also had a prior note maintaining a Hold on MCHP; mixed analyst views mean follow-through depends on upcoming results and macro appetite for semiconductors. Globe and Mail
• Negative Sentiment: Market-note on momentum risk: coverage pieces and trading commentary flagged a sharp spike (15%) that could invite a short-term pullback — investors should watch volume, near-term profit-taking and the company’s next earnings/guidance cadence. TipRanks

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a research report on Tuesday. Mizuho raised their price objective on Microchip Technology from $80.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their target price on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.62.

Microchip Technology Trading Up 2.3%

Shares of NASDAQ:MCHP opened at $75.22 on Friday. The firm has a market cap of $40.65 billion, a price-to-earnings ratio of -167.16, a PEG ratio of 2.23 and a beta of 1.46. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $77.20. The company’s fifty day simple moving average is $61.37 and its 200 day simple moving average is $65.17. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last released 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. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The company’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. As a group, research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.