Talos Eurisko Asset Management LP Makes New Investment in Microchip Technology Incorporated $MCHP

Talos Eurisko Asset Management LP bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 369,100 shares of the semiconductor company’s stock, valued at approximately $25,974,000. Microchip Technology makes up approximately 6.2% of Talos Eurisko Asset Management LP’s holdings, making the stock its 8th largest holding. Talos Eurisko Asset Management LP owned approximately 0.07% of Microchip Technology at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sagespring Wealth Partners LLC increased its stake in Microchip Technology by 2.7% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 154 shares in the last quarter. Mechanics Financial Corp raised its position in shares of Microchip Technology by 3.4% during the 2nd quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 167 shares during the last quarter. Global X Japan Co. Ltd. grew its holdings in Microchip Technology by 0.4% during the 2nd quarter. Global X Japan Co. Ltd. now owns 45,705 shares of the semiconductor company’s stock valued at $3,216,000 after buying an additional 174 shares during the last quarter. Bank of Jackson Hole Trust increased its position in Microchip Technology by 2.0% during the second quarter. Bank of Jackson Hole Trust now owns 8,828 shares of the semiconductor company’s stock worth $621,000 after buying an additional 174 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in Microchip Technology by 18.9% during the second quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock worth $85,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

In other news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction dated Monday, August 25th. The shares were 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. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Trading Down 1.6%

Shares of MCHP stock opened at $50.87 on Wednesday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The firm’s 50-day simple moving average is $62.73 and its 200-day simple moving average is $64.76. The firm has a market cap of $27.49 billion, a P/E ratio of -149.62, a PEG ratio of 1.79 and a beta of 1.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share 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 for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm posted $0.46 earnings per share. Microchip Technology’s 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. As a group, equities analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MCHP shares. TD Cowen decreased their price objective on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Needham & Company LLC decreased their price target on shares of Microchip Technology from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Truist Financial reiterated a “hold” rating and set a $60.00 price target (down from $64.00) on shares of Microchip Technology in a report on Friday, November 7th. Finally, Cantor Fitzgerald reduced their price objective on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.47.

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.