Krilogy Financial LLC Invests $434,000 in Microchip Technology Incorporated $MCHP

Krilogy Financial LLC acquired a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,142 shares of the semiconductor company’s stock, valued at approximately $434,000.

A number of other institutional investors have also made changes to their positions in MCHP. Mizuho Markets Cayman LP acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $107,584,000. Boston Partners boosted its position in Microchip Technology by 38.0% in the second quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after buying an additional 4,076,112 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Microchip Technology by 498.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock worth $130,675,000 after buying an additional 1,694,533 shares during the last quarter. Voya Investment Management LLC grew its stake in Microchip Technology by 37.2% during the third quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock worth $215,881,000 after buying an additional 911,731 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Microchip Technology during the third quarter worth approximately $3,698,000. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 121,615 shares of company stock valued at $9,641,654. 1.94% of the stock is currently owned by insiders.

Microchip Technology Trading Down 0.5%

MCHP stock opened at $78.56 on Monday. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35. The company has a market cap of $42.51 billion, a P/E ratio of -270.90, a PEG ratio of 1.98 and a beta of 1.46. The business has a fifty day moving average of $71.71 and a 200-day moving average of $65.78.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, equities research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.455 per share. The ex-dividend date is Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.3%. Microchip Technology’s payout ratio is currently -627.59%.

Analysts Set New Price Targets

Several brokerages have recently commented on MCHP. TD Cowen reduced their target price on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, November 7th. BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Thursday, January 22nd. Piper Sandler increased their target price on Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Mizuho lifted their price target on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Needham & Company LLC upped their price target on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Microchip Technology Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.