Howard Capital Management Inc. Acquires 1,099 Shares of Microchip Technology Incorporated $MCHP

Howard Capital Management Inc. raised its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 8.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 14,447 shares of the semiconductor company’s stock after buying an additional 1,099 shares during the period. Howard Capital Management Inc.’s holdings in Microchip Technology were worth $1,017,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MCF Advisors LLC boosted its stake in shares of Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after buying an additional 321 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in Microchip Technology during the second quarter valued at approximately $39,000. Painted Porch Advisors LLC acquired a new position in Microchip Technology during the second quarter valued at approximately $40,000. Capital Advisors Ltd. LLC boosted its position in Microchip Technology by 115.4% during the second 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 during the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Microchip Technology in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.94% of the company’s stock.

Microchip Technology Trading Down 1.4%

Shares of MCHP stock opened at $63.64 on Wednesday. The firm has a 50 day moving average price of $65.24 and a two-hundred day moving average price of $63.03. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $34.35 billion, a PE ratio of -187.18, a price-to-earnings-growth ratio of 1.85 and a beta of 1.55. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $79.44.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data 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. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MCHP. Needham & Company LLC increased their price target on shares of Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, August 8th. UBS Group raised their target price on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Citigroup raised their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Susquehanna raised their price objective on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Finally, TD Cowen cut their price objective on 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 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

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.