Microchip Technology Incorporated $MCHP Position Lifted by Values First Advisors Inc.

Values First Advisors Inc. boosted its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 88.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 37,915 shares of the semiconductor company’s stock after buying an additional 17,784 shares during the quarter. Microchip Technology comprises approximately 1.5% of Values First Advisors Inc.’s portfolio, making the stock its 9th biggest holding. Values First Advisors Inc.’s holdings in Microchip Technology were worth $2,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCHP. Farther Finance Advisors LLC lifted its stake in Microchip Technology by 24.0% in the 1st quarter. Farther Finance Advisors LLC now owns 3,685 shares of the semiconductor company’s stock valued at $179,000 after buying an additional 713 shares in the last quarter. GAMMA Investing LLC raised its holdings in Microchip Technology by 75.0% in the 1st quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 4,252 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Microchip Technology by 24.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 403,829 shares of the semiconductor company’s stock valued at $19,549,000 after acquiring an additional 80,125 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Microchip Technology by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 102,491 shares of the semiconductor company’s stock valued at $4,962,000 after acquiring an additional 6,857 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in Microchip Technology in the 1st quarter valued at about $318,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Stock Up 0.2%

Shares of NASDAQ MCHP opened at $65.35 on Friday. The company has a 50 day simple moving average of $65.12 and a 200-day simple moving average of $61.41. The company has a market capitalization of $35.27 billion, a P/E ratio of -192.21, a P/E/G ratio of 1.87 and a beta of 1.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $79.44.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is -535.29%.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the sale, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction that occurred on 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 sale, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on MCHP. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Wells Fargo & Company began coverage on shares of Microchip Technology in a report on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, July 18th. Raymond James Financial raised their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Friday, August 8th. Finally, Piper Sandler raised their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.75.

Microchip Technology Company 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.