Stephens Inc. AR Acquires 619 Shares of Microchip Technology Incorporated $MCHP

Stephens Inc. AR lifted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,027 shares of the semiconductor company’s stock after purchasing an additional 619 shares during the period. Stephens Inc. AR’s holdings in Microchip Technology were worth $1,902,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MCHP. Orbis Allan Gray Ltd bought a new position in shares of Microchip Technology in the first quarter worth about $369,612,000. Invesco Ltd. increased its stake in shares of Microchip Technology by 63.0% in the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after purchasing an additional 6,459,123 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Microchip Technology by 138.9% in the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock worth $427,681,000 after purchasing an additional 5,136,154 shares during the period. Boston Partners increased its stake in shares of Microchip Technology by 35.3% in the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock worth $517,082,000 after purchasing an additional 2,795,650 shares during the period. Finally, Amundi increased its stake in shares of Microchip Technology by 22.7% in the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock worth $484,743,000 after purchasing an additional 1,849,866 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Susquehanna boosted their price target on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. UBS Group boosted their price target on Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. The Goldman Sachs Group assumed coverage on Microchip Technology in a research note on Thursday, July 10th. They set a “buy” rating and a $88.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on Microchip Technology in a research note on Monday, September 15th. They set an “equal weight” rating and a $60.00 price target on the stock. One 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. According to data from MarketBeat.com, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

Microchip Technology Trading Up 0.9%

MCHP stock opened at $65.09 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.44. The firm has a market cap of $35.13 billion, a P/E ratio of -191.44, a P/E/G ratio of 1.85 and a beta of 1.55. The business’s 50 day moving average is $65.33 and its 200-day moving average is $62.22. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’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 anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio is currently -535.29%.

Insider Activity at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 30,665 shares of the company’s stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction that occurred 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 directly 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. Corporate insiders own 1.94% of the company’s stock.

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.