Villere ST Denis J & Co. LLC Sells 12,795 Shares of Microchip Technology Incorporated $MCHP

Villere ST Denis J & Co. LLC trimmed its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 370,992 shares of the semiconductor company’s stock after selling 12,795 shares during the quarter. Microchip Technology accounts for about 2.5% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 20th largest holding. Villere ST Denis J & Co. LLC’s holdings in Microchip Technology were worth $26,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MCHP shares. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Wells Fargo & Company started coverage on Microchip Technology in a report on Monday, September 15th. They set an “equal weight” rating and a $60.00 target price for the company. Wall Street Zen raised Microchip Technology from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Susquehanna lifted their target price on Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a report on Tuesday, July 22nd. Finally, Raymond James Financial boosted their price target on Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Microchip Technology Stock Down 8.3%

MCHP stock 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. The company has a market cap of $32.60 billion, a PE ratio of -177.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.55. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44. The business has a 50-day simple moving average of $65.26 and a 200 day simple moving average of $61.00.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Activity

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. The trade was a 24.59% 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, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

About Microchip Technology

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.