Falcon Wealth Planning Takes Position in Microchip Technology Incorporated $MCHP

Falcon Wealth Planning purchased a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the first quarter, HoldingsChannel reports. The firm purchased 7,000 shares of the semiconductor company’s stock, valued at approximately $452,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCHP. EFG International AG acquired a new position in Microchip Technology in the fourth quarter valued at about $29,000. Miller Capital Partners Inc. acquired a new stake in shares of Microchip Technology during the fourth quarter valued at about $29,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Microchip Technology during the fourth quarter valued at about $33,000. Reflection Asset Management purchased a new stake in shares of Microchip Technology in the 4th quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Microchip Technology by 4,663.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 513 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCHP. UBS Group reaffirmed a “buy” rating on shares of Microchip Technology in a research report on Tuesday, June 2nd. Truist Financial boosted their target price on Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Needham & Company LLC upped their price target on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings upgraded Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Susquehanna lifted their price objective on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and an average price target of $98.18.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 3,667 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $90.87, for a total transaction of $333,220.29. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at $2,596,428.51. The trade was a 11.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $97.52, for a total value of $487,600.00. Following the sale, the chief operating officer owned 130,508 shares in the company, valued at approximately $12,727,140.16. This trade represents a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 553,302 shares of company stock valued at $49,673,635. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Trading Up 1.8%

Shares of MCHP stock opened at $94.12 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09. The stock has a market capitalization of $51.02 billion, a P/E ratio of 448.21, a price-to-earnings-growth ratio of 0.95 and a beta of 1.73. The company has a 50 day moving average price of $92.74 and a 200 day moving average price of $78.30. Microchip Technology Incorporated has a fifty-two week low of $48.52 and a fifty-two week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $0.11 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities research analysts predict that Microchip Technology Incorporated will post 2.66 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently 866.67%.

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.