Cozad Asset Management Inc. Sells 2,696 Shares of Microchip Technology Incorporated $MCHP

Cozad Asset Management Inc. decreased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,176 shares of the semiconductor company’s stock after selling 2,696 shares during the period. Cozad Asset Management Inc.’s holdings in Microchip Technology were worth $2,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCHP. Kestra Private Wealth Services LLC grew its position in shares of Microchip Technology by 13.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 14,151 shares of the semiconductor company’s stock worth $685,000 after buying an additional 1,637 shares during the period. KLP Kapitalforvaltning AS grew its holdings in Microchip Technology by 1.7% during the 1st quarter. KLP Kapitalforvaltning AS now owns 181,280 shares of the semiconductor company’s stock worth $8,776,000 after acquiring an additional 3,000 shares during the period. Pinnacle Associates Ltd. grew its holdings in Microchip Technology by 8.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 61,054 shares of the semiconductor company’s stock worth $2,956,000 after acquiring an additional 4,907 shares during the period. One Wealth Advisors LLC bought a new stake in shares of Microchip Technology during the 1st quarter valued at $201,000. Finally, Assetmark Inc. lifted its stake in shares of Microchip Technology by 223.1% in the 1st quarter. Assetmark Inc. now owns 26,771 shares of the semiconductor company’s stock valued at $1,296,000 after purchasing an additional 18,486 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the business’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 sale, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at $2,062,287.20. The trade was a 19.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Trading Up 3.8%

MCHP opened at $50.90 on Friday. The stock has a market capitalization of $27.51 billion, a P/E ratio of -149.71, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $77.20. The firm’s fifty day simple moving average is $61.86 and its 200 day simple moving average is $64.57.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 24th. Microchip Technology’s payout ratio is currently -404.44%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MCHP. Truist Financial reaffirmed a “hold” rating and set a $60.00 price objective (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Morgan Stanley boosted their target price on Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Susquehanna lowered their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald reduced their price objective on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Raymond James Financial boosted their price objective on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a report on Friday, August 8th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $73.47.

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.