Welch Group LLC Makes New $257,000 Investment in Microchip Technology Incorporated $MCHP

Welch Group LLC bought a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,653 shares of the semiconductor company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MCHP. Allspring Global Investments Holdings LLC boosted its position in Microchip Technology by 3.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 26,826 shares of the semiconductor company’s stock valued at $1,923,000 after purchasing an additional 772 shares during the period. CWM LLC lifted its stake in Microchip Technology by 27.9% in the second quarter. CWM LLC now owns 51,831 shares of the semiconductor company’s stock valued at $3,647,000 after buying an additional 11,294 shares during the last quarter. OFI Invest Asset Management boosted its holdings in shares of Microchip Technology by 72.8% during the second quarter. OFI Invest Asset Management now owns 2,131 shares of the semiconductor company’s stock valued at $150,000 after acquiring an additional 898 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Microchip Technology by 20.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 76,714 shares of the semiconductor company’s stock worth $5,399,000 after acquiring an additional 12,884 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of Microchip Technology by 4.2% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 18,168 shares of the semiconductor company’s stock worth $1,278,000 after acquiring an additional 739 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MCHP. Cantor Fitzgerald started coverage on shares of Microchip Technology in a research note on Wednesday, June 18th. They set a “neutral” rating and a $70.00 target price for the company. Needham & Company LLC increased their price objective on Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Piper Sandler lifted their target price on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Citigroup raised their price target on Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a report on Monday, July 7th. 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.75.

Insider Activity at Microchip Technology

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 transaction of $682,500.00. Following the completion of the sale, the director 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 Microchip Technology stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the transaction, the chief financial officer owned 30,010 shares in the company, 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 owned by corporate insiders.

Microchip Technology Stock Up 6.6%

Shares of MCHP stock opened at $64.39 on Tuesday. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $79.44. 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 business’s fifty day moving average is $65.21 and its 200-day moving average is $61.24. The stock has a market cap of $34.75 billion, a PE ratio of -189.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55.

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

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s payout ratio is presently -535.29%.

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.