NewEdge Wealth LLC Buys New Shares in Microchip Technology Incorporated $MCHP

NewEdge Wealth LLC bought a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,324 shares of the semiconductor company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Winnow Wealth LLC purchased a new position in Microchip Technology during the third quarter valued at $25,000. Root Financial Partners LLC purchased a new position in Microchip Technology during the third quarter valued at $28,000. Quent Capital LLC purchased a new position in Microchip Technology during the third quarter valued at $32,000. GoalVest Advisory LLC lifted its position in Microchip Technology by 174.0% during the fourth quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in Microchip Technology during the fourth quarter valued at $38,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Steve Sanghi sold 76,469 shares of Microchip Technology stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $93.58, for a total value of $7,155,969.02. Following the sale, the chief executive officer directly owned 9,385,834 shares of the company’s stock, valued at approximately $878,326,345.72. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 526,552 shares of company stock valued at $47,130,465 over the last quarter. Insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $93.85 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $76.12 and its two-hundred day simple moving average is $70.51. The stock has a market cap of $50.79 billion, a PE ratio of 446.93, a P/E/G ratio of 1.15 and a beta of 1.75. Microchip Technology Incorporated has a 52 week low of $48.52 and a 52 week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, analysts forecast that Microchip Technology Incorporated will post 2.21 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, May 22nd. Microchip Technology’s payout ratio is 866.67%.

Microchip Technology News Roundup

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip launched the EX-423 Evacuated Miniature Crystal Oscillator, a rugged low-power timing solution aimed at high-reliability markets such as GPS/GNSS, military radios, medical devices, seismic systems, and satellite communications. The new product broadens Microchip’s timing portfolio and could support longer-term growth in mission-critical applications. Article Title
• Positive Sentiment: Zacks Research upgraded Microchip Technology from “hold” to “strong-buy,” which can improve investor sentiment by reinforcing a more bullish view on the stock. Article Title
• Positive Sentiment: Cantor Fitzgerald reaffirmed its overweight rating on Microchip, adding to the constructive analyst tone around the name. Article Title
• Positive Sentiment: One report said Microchip’s price target was increased by 29.69% to $115.23, suggesting Wall Street sees additional upside from current levels. Article Title
• Neutral Sentiment: A market recap noted that Microchip stock underperformed some competitors on Wednesday, but the headline does not point to a new fundamental issue. Article Title
• Neutral Sentiment: Another article highlighted Microchip’s historical returns over the past decade, which is informative but unlikely to affect near-term trading. Article Title

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MCHP shares. Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group lifted their target price on Microchip Technology from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Weiss Ratings cut Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Argus raised Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Finally, Stifel Nicolaus set a $90.00 price target on Microchip Technology in a report on Friday, February 6th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.52.

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.