Wealth Enhancement Trust Services Inc. Invests $3.07 Million in Microchip Technology Incorporated $MCHP

Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 48,230 shares of the semiconductor company’s stock, valued at approximately $3,073,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Winnow Wealth LLC acquired a new stake in Microchip Technology in the third quarter worth about $25,000. Root Financial Partners LLC acquired a new position in Microchip Technology during the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC raised its position in shares of Microchip Technology by 219.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after buying an additional 329 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Microchip Technology in the 3rd quarter worth approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Microchip Technology by 106.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 267 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Up 2.5%

MCHP stock opened at $78.76 on Friday. The firm has a market cap of $42.62 billion, a PE ratio of -271.59, a P/E/G ratio of 1.03 and a beta of 1.49. Microchip Technology Incorporated has a 12 month low of $37.41 and a 12 month high of $83.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $70.32 and a 200 day simple moving average of $67.07.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities 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 announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s payout ratio is presently -627.59%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MCHP shares. JPMorgan Chase & Co. boosted their target price on Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. UBS Group increased their price target on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 26th. B. Riley Financial lifted their price target on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Susquehanna boosted their price objective on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Finally, Citigroup cut their price objective on Microchip Technology from $92.00 to $91.00 and set a “buy” rating for the company in a report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Activity

In other news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is owned by company insiders.

Microchip Technology 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.