OFI Invest Asset Management Buys 898 Shares of Microchip Technology Incorporated $MCHP

OFI Invest Asset Management lifted its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 72.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,131 shares of the semiconductor company’s stock after buying an additional 898 shares during the period. OFI Invest Asset Management’s holdings in Microchip Technology were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. MCF Advisors LLC boosted its stake in shares of Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares during the period. Carderock Capital Management Inc. bought a new stake in shares of Microchip Technology in the second quarter valued at approximately $39,000. Painted Porch Advisors LLC bought a new stake in shares of Microchip Technology in the second quarter valued at approximately $40,000. Garde Capital Inc. bought a new stake in shares of Microchip Technology in the first quarter valued at approximately $30,000. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Microchip Technology by 115.4% in the second quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 441 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MCHP has been the subject of several recent analyst reports. Citigroup upped their target price on Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Cantor Fitzgerald initiated coverage on Microchip Technology in a research note on Wednesday, June 18th. They set a “neutral” rating and a $70.00 target price for the company. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. KeyCorp upped their target price on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Mizuho upped their target price on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $75.75.

Insiders Place Their Bets

In other news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction on Monday, August 25th. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the sale, the chief financial officer owned 30,010 shares of the company’s stock, valued at $2,062,287.20. The trade was 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 Stock Down 8.3%

Shares of MCHP opened at $60.41 on Monday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44. The stock has a market capitalization of $32.60 billion, a price-to-earnings ratio of -177.68, a PEG ratio of 1.73 and a beta of 1.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock has a fifty day moving average of $65.26 and a 200-day moving average of $61.13.

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

Microchip Technology Announces Dividend

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

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.