Microchip Technology Incorporated $MCHP Shares Sold by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 37.9% during the second quarter, Holdings Channel reports. The firm owned 1,800 shares of the semiconductor company’s stock after selling 1,100 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Microchip Technology were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MCHP. Mizuho Markets Cayman LP purchased a new position in Microchip Technology in the second quarter worth $107,584,000. Argonautica Private Wealth Management Inc. purchased a new stake in shares of Microchip Technology during the 1st quarter worth $428,000. Charles Schwab Investment Management Inc. grew its stake in shares of Microchip Technology by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock worth $158,127,000 after purchasing an additional 122,633 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Microchip Technology by 18.2% in the 1st quarter. Victory Capital Management Inc. now owns 602,783 shares of the semiconductor company’s stock valued at $29,181,000 after purchasing an additional 92,962 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Microchip Technology by 0.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after purchasing an additional 152,434 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on MCHP. Morgan Stanley upped their target price on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Stifel Nicolaus lowered their price target on Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler raised their price objective on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Susquehanna reduced their price objective on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a report on Friday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Microchip Technology Trading Down 5.2%

Shares of MCHP opened at $56.28 on Friday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The company has a market capitalization of $30.37 billion, a PE ratio of -165.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The stock has a fifty day moving average of $64.24 and a two-hundred day moving average of $64.25. 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 quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -535.29%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the sale, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares in the company, valued at $2,092,886.25. The trade was a 24.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Profile

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.