Microchip Technology Incorporated $MCHP Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lowered its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.8% in the second quarter, HoldingsChannel.com reports. The fund owned 105,730 shares of the semiconductor company’s stock after selling 5,278 shares during the quarter. Lmcg Investments LLC’s holdings in Microchip Technology were worth $7,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Everhart Financial Group Inc. acquired a new position in Microchip Technology during the first quarter worth about $221,000. Sowell Financial Services LLC acquired a new position in shares of Microchip Technology in the first quarter valued at approximately $318,000. Oppenheimer Asset Management Inc. raised its position in shares of Microchip Technology by 35.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 33,554 shares of the semiconductor company’s stock valued at $1,624,000 after buying an additional 8,843 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Microchip Technology by 67.3% in the first quarter. Flagship Harbor Advisors LLC now owns 16,098 shares of the semiconductor company’s stock valued at $779,000 after buying an additional 6,474 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. acquired a new position in shares of Microchip Technology in the first quarter valued at approximately $428,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

MCHP has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They issued a “buy” rating and a $88.00 price objective for the company. UBS Group boosted their price objective on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Truist Financial boosted their price objective on shares of Microchip Technology from $52.00 to $64.00 and gave the company a “hold” rating in a research report on Wednesday, June 18th. Stifel Nicolaus boosted their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Wall Street Zen raised shares of Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Microchip Technology Price Performance

MCHP opened at $60.41 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $79.44. The company has a 50 day moving average of $65.26 and a two-hundred day moving average of $61.00. The company has a market cap of $32.60 billion, a P/E ratio of -177.68, a P/E/G ratio of 1.89 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. Microchip Technology’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, analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 3.0%. Microchip Technology’s dividend payout ratio is -535.29%.

Insider Buying and Selling at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the transaction, the chief financial officer owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology 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.