Exencial Wealth Advisors LLC Purchases 12,639 Shares of Microchip Technology Incorporated $MCHP

Exencial Wealth Advisors LLC increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 42.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,270 shares of the semiconductor company’s stock after purchasing an additional 12,639 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Microchip Technology were worth $2,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MCF Advisors LLC raised its holdings in Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares during the period. Carderock Capital Management Inc. bought a new stake in Microchip Technology during the 2nd quarter valued at $39,000. Painted Porch Advisors LLC purchased a new position in shares of Microchip Technology during the 2nd quarter valued at $40,000. Capital Advisors Ltd. LLC grew its position in shares of Microchip Technology by 115.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 441 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of Microchip Technology during the 1st quarter valued at $40,000. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

MCHP has been the subject of a number of recent analyst reports. KeyCorp boosted their price target on shares of Microchip Technology from $70.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Mizuho boosted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Needham & Company LLC boosted their price target on shares of Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Piper Sandler boosted their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, TD Cowen reduced their price target on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.75.

Microchip Technology Stock Down 4.5%

Shares of NASDAQ:MCHP opened at $64.50 on Thursday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $79.44. The firm has a fifty day moving average of $65.35 and a 200 day moving average of $62.03. The firm has a market capitalization of $34.81 billion, a PE ratio of -189.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were 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 of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio is -535.29%.

Insider Activity

In other news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the transaction, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

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.