VCI Wealth Management LLC Acquires New Stake in Microchip Technology Incorporated $MCHP

VCI Wealth Management LLC acquired a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,239 shares of the semiconductor company’s stock, valued at approximately $2,663,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. TOP Private Wealth LLC. bought a new position in shares of Microchip Technology during the 2nd quarter valued at approximately $29,000. GK Wealth Management LLC bought a new stake in Microchip Technology in the third quarter worth $29,000. Continuum Advisory LLC bought a new stake in Microchip Technology in the second quarter worth $30,000. Johnson Financial Group Inc. purchased a new position in Microchip Technology during the second quarter worth $31,000. Finally, Rakuten Securities Inc. purchased a new position in Microchip Technology during the second quarter worth $34,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity at Microchip Technology

In related news, CFO James Bjornholt sold 4,112 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This trade represents a 12.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on MCHP. Wells Fargo & Company cut their price objective on shares of Microchip Technology from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. TD Cowen cut their price target on shares of Microchip Technology from $90.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, October 19th. Finally, BMO Capital Markets assumed coverage on shares of Microchip Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $95.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.71.

Microchip Technology Price Performance

MCHP opened at $76.11 on Tuesday. The business has a fifty day moving average of $75.26 and a 200 day moving average of $79.51. The stock has a market cap of $41.33 billion, a P/E ratio of 113.60, a PEG ratio of 0.55 and a beta of 1.77. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $0.27 earnings per share. The business’s revenue was up 38.0% compared to the same quarter last year. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. As a group, sell-side analysts anticipate that Microchip Technology Incorporated will post 3.20 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were issued a $0.4550 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. Microchip Technology’s dividend payout ratio is presently 271.64%.

Microchip Technology Profile

Microchip Technology Incorporated (NASDAQ:MCHP) develops and manufactures semiconductor products used in embedded control and connected electronic systems. Its portfolio includes microcontrollers, microprocessors, analog and power-management devices, memory products, timing and connectivity components, security solutions, and field-programmable gate arrays. The company also provides development tools, software, evaluation kits, and technical support to help customers design and produce electronic equipment.

Microchip’s products are used across a range of markets, including automotive, industrial, aerospace and defense, communications, consumer electronics, data centers, and medical applications.