Hillman Capital Management Inc. Sells 44,086 Shares of Microchip Technology Incorporated $MCHP

Hillman Capital Management Inc. lowered its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 89.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,450 shares of the semiconductor company’s stock after selling 44,086 shares during the period. Hillman Capital Management Inc.’s holdings in Microchip Technology were worth $350,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MCHP. Vanguard Group Inc. boosted its holdings in shares of Microchip Technology by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after buying an additional 1,507,554 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Microchip Technology by 13.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock valued at $13,447,000 after acquiring an additional 24,963 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Microchip Technology by 498.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock valued at $130,675,000 after acquiring an additional 1,694,533 shares during the period. Voya Investment Management LLC lifted its position in shares of Microchip Technology by 37.2% during the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock valued at $215,881,000 after acquiring an additional 911,731 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Microchip Technology by 18.7% during the third quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock worth $79,184,000 after acquiring an additional 194,048 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares in the company, valued at $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Price Performance

MCHP stock opened at $61.94 on Monday. The company has a market capitalization of $33.52 billion, a P/E ratio of -213.59, a price-to-earnings-growth ratio of 1.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The business has a 50-day simple moving average of $74.21 and a two-hundred day simple moving average of $66.61.

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

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MCHP. Morgan Stanley raised their price target on shares of Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Rosenblatt Securities increased their price objective on shares of Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Truist Financial raised their target price on Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Friday, February 6th. Barclays started coverage on Microchip Technology in a research report on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 target price for the company. Finally, Weiss Ratings raised Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.