Oak Harvest Investment Services Has $200,000 Stake in Microchip Technology Incorporated $MCHP

Oak Harvest Investment Services trimmed its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 94.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,146 shares of the semiconductor company’s stock after selling 49,497 shares during the quarter. Oak Harvest Investment Services’ holdings in Microchip Technology were worth $200,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Microchip Technology by 2.1% during the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after purchasing an additional 1,507,554 shares during the period. Boston Partners grew its holdings in Microchip Technology by 9.5% during the third quarter. Boston Partners now owns 16,234,332 shares of the semiconductor company’s stock worth $1,044,024,000 after buying an additional 1,406,885 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Microchip Technology by 11.3% during the third quarter. Victory Capital Management Inc. now owns 12,006,088 shares of the semiconductor company’s stock worth $806,821,000 after buying an additional 1,215,939 shares in the last quarter. Bank of America Corp DE grew its holdings in Microchip Technology by 18.8% during the third quarter. Bank of America Corp DE now owns 11,419,944 shares of the semiconductor company’s stock worth $733,389,000 after buying an additional 1,803,831 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Microchip Technology by 25.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock worth $709,506,000 after buying an additional 2,257,932 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Stock Up 2.5%

Shares of NASDAQ:MCHP opened at $78.76 on Friday. The company has a market capitalization of $42.62 billion, a PE ratio of -271.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The business has a fifty day moving average price of $70.32 and a two-hundred day moving average price of $67.07. Microchip Technology Incorporated has a 1 year low of $37.41 and a 1 year high of $83.35.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.455 per share. The ex-dividend date was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.3%. Microchip Technology’s dividend payout ratio is presently -627.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MCHP shares. Rosenblatt Securities upped their price target on Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings downgraded Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Barclays started coverage on Microchip Technology in a report on Thursday, February 12th. They set an “equal weight” rating and a $80.00 price target for the company. Finally, Needham & Company LLC upped their price target on Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.94% of the company’s stock.

Microchip Technology Company Profile

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.