Microchip Technology Incorporated $MCHP Shares Sold by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs trimmed its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,000 shares of the semiconductor company’s stock after selling 502 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Microchip Technology were worth $1,548,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MCHP. MCF Advisors LLC lifted its stake in shares of Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the period. Carderock Capital Management Inc. acquired a new position in shares of Microchip Technology in the 2nd quarter valued at $39,000. Painted Porch Advisors LLC acquired a new position in shares of Microchip Technology in the 2nd quarter valued at $40,000. Capital Advisors Ltd. LLC lifted its stake in shares of Microchip Technology by 115.4% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 441 shares during the period. Finally, WPG Advisers LLC purchased a new stake in Microchip Technology in the 1st quarter worth $40,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Stock Down 2.9%

Shares of NASDAQ:MCHP opened at $63.17 on Friday. The firm’s 50 day moving average price is $65.28 and its 200 day moving average price is $62.60. The stock has a market cap of $34.09 billion, a price-to-earnings ratio of -185.79, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results 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. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The firm’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.9%. Microchip Technology’s dividend payout ratio (DPR) is -535.29%.

Insider Activity at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the sale, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 that occurred on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, 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 owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MCHP. Citigroup boosted their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Stifel Nicolaus increased their target price on shares of Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Susquehanna upped their price objective on shares of Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. UBS Group upped their price objective on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, The Goldman Sachs Group began coverage on shares of Microchip Technology in a research note on Thursday, July 10th. They set a “buy” rating and a $88.00 target price for the company. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.