Premier Path Wealth Partners LLC Lowers Stock Holdings in Microchip Technology Incorporated $MCHP

Premier Path Wealth Partners LLC reduced its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 12.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,870 shares of the semiconductor company’s stock after selling 3,045 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Microchip Technology were worth $1,469,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Microchip Technology by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 69,302,614 shares of the semiconductor company’s stock worth $3,354,940,000 after buying an additional 390,269 shares during the last quarter. Invesco Ltd. raised its stake in shares of Microchip Technology by 63.0% during the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after acquiring an additional 6,459,123 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Microchip Technology by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after acquiring an additional 152,434 shares in the last quarter. Boston Partners lifted its holdings in shares of Microchip Technology by 35.3% in the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock worth $517,082,000 after acquiring an additional 2,795,650 shares during the last quarter. Finally, Amundi boosted its stake in shares of 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 purchasing an additional 1,849,866 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MCHP has been the topic of a number of analyst reports. TD Cowen decreased their target price on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Citigroup lifted their price objective on Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Needham & Company LLC boosted their target price on Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Piper Sandler raised their price target on Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, KeyCorp lifted their price target on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. One equities 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 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.

Microchip Technology Stock Down 1.7%

NASDAQ MCHP opened at $62.54 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The stock has a market capitalization of $33.75 billion, a PE ratio of -183.94, a PEG ratio of 1.82 and a beta of 1.55. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $78.13. The business’s 50-day moving average is $65.15 and its 200 day moving average is $63.20.

Microchip Technology (NASDAQ:MCHP) last released 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. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.Microchip Technology’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is currently -535.29%.

Insider Transactions at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.94% of the company’s stock.

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.