Vestmark Advisory Solutions Inc. Makes New Investment in Microchip Technology Incorporated $MCHP

Vestmark Advisory Solutions Inc. purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,894 shares of the semiconductor company’s stock, valued at approximately $1,611,000.

Several other large investors have also recently made changes to their positions in MCHP. MCF Advisors LLC increased its holdings in 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 last quarter. Carderock Capital Management Inc. purchased a new position in shares of Microchip Technology during the second quarter worth $39,000. WPG Advisers LLC purchased a new position in shares of Microchip Technology during the first quarter worth $40,000. Painted Porch Advisors LLC acquired a new stake in shares of Microchip Technology in the second quarter valued at $40,000. Finally, Fourth Dimension Wealth LLC raised its holdings in shares of Microchip Technology by 98.7% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 298 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Stock Down 5.2%

MCHP stock opened at $56.28 on Monday. The company’s 50 day moving average price is $64.24 and its 200 day moving average price is $64.41. The firm has a market capitalization of $30.37 billion, a price-to-earnings ratio of -165.53, a PEG ratio of 1.79 and a beta of 1.57. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. 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 issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’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. On average, equities research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a dividend of $0.455 per share. 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 payout ratio is presently -404.44%.

Insiders Place Their Bets

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’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 transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MCHP. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Piper Sandler increased their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Susquehanna lowered their price objective on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday. Stifel Nicolaus dropped their price objective on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.