Callan Family Office LLC Has $6.60 Million Position in Microchip Technology Incorporated $MCHP

Callan Family Office LLC cut its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 102,724 shares of the semiconductor company’s stock after selling 8,104 shares during the quarter. Callan Family Office LLC’s holdings in Microchip Technology were worth $6,597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Winnow Wealth LLC bought a new position in Microchip Technology in the third quarter worth approximately $25,000. Root Financial Partners LLC bought a new stake in shares of Microchip Technology during the third quarter valued at approximately $28,000. Salomon & Ludwin LLC raised its position in shares of Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares during the period. Quent Capital LLC bought a new position in shares of Microchip Technology in the 3rd quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Microchip Technology by 106.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 267 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

MCHP has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Thursday, January 22nd. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a research report on Wednesday, December 3rd. Zacks Research raised shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. TD Cowen cut their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Finally, Cantor Fitzgerald boosted their price objective on Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average price target of $82.73.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $78.08 on Tuesday. The company has a market capitalization of $42.20 billion, a PE ratio of -173.51, a PEG ratio of 1.94 and a beta of 1.46. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $68.02 and its 200-day moving average price is $65.38. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $81.43.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data 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. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a $0.455 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 2.3%. Microchip Technology’s payout ratio is currently -404.44%.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 121,615 shares of company stock worth $9,641,654 in the last ninety days. 1.94% of the stock is currently owned by insiders.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.