Pinnacle Wealth Management Advisory Group LLC Grows Stock Holdings in Microchip Technology Incorporated $MCHP

Pinnacle Wealth Management Advisory Group LLC grew its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 35.3% during the second quarter, Holdings Channel reports. The institutional investor owned 13,110 shares of the semiconductor company’s stock after acquiring an additional 3,424 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Microchip Technology were worth $923,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Orbis Allan Gray Ltd purchased a new stake in Microchip Technology during the first quarter valued at approximately $369,612,000. Invesco Ltd. increased its position 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 purchasing an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Microchip Technology by 138.9% during 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 in the last quarter. Boston Partners lifted its holdings in shares of Microchip Technology by 35.3% during the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock valued at $517,082,000 after purchasing an additional 2,795,650 shares during the last quarter. Finally, Amundi boosted its position 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 worth $484,743,000 after purchasing an additional 1,849,866 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were 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 owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.94% of the company’s stock.

Microchip Technology Trading Down 5.2%

Microchip Technology stock opened at $56.28 on Monday. The stock has a 50-day moving average price of $64.24 and a 200 day moving average price of $64.41. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of -165.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20. 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 quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company earned $0.46 EPS. Microchip Technology’s quarterly revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a $0.455 dividend. The ex-dividend date is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.2%. Microchip Technology’s dividend payout ratio is presently -404.44%.

Analyst Ratings Changes

Several brokerages recently weighed in on MCHP. Piper Sandler boosted their target price on Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Truist Financial restated a “hold” rating and set a $60.00 price objective (down previously from $64.00) on shares of Microchip Technology in a report on Friday. Cantor Fitzgerald decreased their price objective on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Finally, TD Cowen cut their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Microchip Technology Company 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.