Foster & Motley Inc. Lowers Position in Microchip Technology Incorporated $MCHP

Foster & Motley Inc. reduced its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 42.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,483 shares of the semiconductor company’s stock after selling 15,258 shares during the quarter. Foster & Motley Inc.’s holdings in Microchip Technology were worth $1,441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MCHP. Orbis Allan Gray Ltd purchased a new stake in Microchip Technology in the 1st quarter valued at $369,612,000. Invesco Ltd. raised its position in Microchip Technology by 63.0% in the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after buying an additional 6,459,123 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Microchip Technology by 138.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock valued at $427,681,000 after buying an additional 5,136,154 shares during the last quarter. Boston Partners raised its position in Microchip Technology by 35.3% in the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock valued at $517,082,000 after buying an additional 2,795,650 shares during the last quarter. Finally, Amundi raised its position in Microchip Technology by 22.7% in the 1st quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock valued at $484,743,000 after buying an additional 1,849,866 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated 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 owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm’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 completion of the transaction, the chief financial officer owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Microchip Technology Trading Down 0.3%

Shares of MCHP opened at $65.14 on Friday. The business has a 50-day moving average of $65.19 and a 200 day moving average of $61.61. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44. The firm has a market cap of $35.15 billion, a P/E ratio of -191.59, a price-to-earnings-growth ratio of 1.87 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.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.53 EPS. The firm’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. As a group, research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

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

Wall Street Analyst Weigh In

MCHP has been the subject of several research analyst reports. Wall Street Zen raised Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Susquehanna raised their target price on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Mizuho raised their target price on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.75.

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.