Microchip Technology Incorporated $MCHP Stock Holdings Trimmed by Princeton Capital Management LLC

Princeton Capital Management LLC decreased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 20.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,265 shares of the semiconductor company’s stock after selling 2,423 shares during the quarter. Princeton Capital Management LLC’s holdings in Microchip Technology were worth $652,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MCF Advisors LLC lifted its holdings in Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 321 shares during the period. Carderock Capital Management Inc. bought a new stake in shares of Microchip Technology during the 2nd quarter worth about $39,000. WPG Advisers LLC acquired a new stake in shares of Microchip Technology in the 1st quarter worth approximately $40,000. Painted Porch Advisors LLC bought a new position in shares of Microchip Technology in the second quarter valued at approximately $40,000. Finally, Fourth Dimension Wealth LLC boosted its holdings in shares of Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 298 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MCHP shares. Susquehanna upped their target price on Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group started coverage on Microchip Technology in a report on Thursday, July 10th. They issued a “buy” rating and a $88.00 price objective for the company. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Raymond James Financial upped their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a report on Friday, August 8th. Finally, Morgan Stanley raised their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.37.

Insider Activity at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on 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 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Stock Down 2.4%

MCHP stock opened at $59.35 on Friday. 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 firm has a market capitalization of $32.03 billion, a P/E ratio of -174.56, a P/E/G 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’s 50 day simple moving average is $64.42 and its 200-day simple moving average is $63.97.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities research 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 will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 3.1%. Microchip Technology’s payout ratio is presently -535.29%.

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.