272,988 Shares of Microchip Technology Incorporated $MCHP Purchased by Private Capital Advisors Inc.

Private Capital Advisors Inc. purchased a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 272,988 shares of the semiconductor company’s stock, valued at approximately $21,230,000. Microchip Technology comprises about 1.8% of Private Capital Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Private Capital Advisors Inc. owned about 0.05% of Microchip Technology as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MCHP. Epoch Investment Partners Inc. raised its stake in Microchip Technology by 16.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,349,136 shares of the semiconductor company’s stock valued at $85,967,000 after buying an additional 191,339 shares during the last quarter. Junto Capital Management LP bought a new position in shares of Microchip Technology during the 2nd quarter valued at $38,537,000. Barclays PLC boosted its stake in shares of Microchip Technology by 66.5% in the 4th quarter. Barclays PLC now owns 13,996,883 shares of the semiconductor company’s stock worth $891,881,000 after buying an additional 5,590,210 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Microchip Technology by 13.0% in the first quarter. Hsbc Holdings PLC now owns 1,160,129 shares of the semiconductor company’s stock worth $74,649,000 after acquiring an additional 133,813 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in Microchip Technology during the fourth quarter valued at $23,793,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

Shares of MCHP traded down $0.23 during mid-day trading on Tuesday, reaching $81.26. The stock had a trading volume of 5,837,211 shares, compared to its average volume of 10,098,771. The business has a fifty day moving average of $75.77 and a 200 day moving average of $81.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. The firm has a market cap of $44.12 billion, a price-to-earnings ratio of 121.29, a PEG ratio of 0.57 and a beta of 1.77. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last released its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. Microchip Technology’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Equities analysts predict that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were paid a $0.4550 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.2%. Microchip Technology’s dividend payout ratio is 271.64%.

Insider Activity

In related news, CFO James Bjornholt sold 4,112 shares of Microchip Technology stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the sale, the chief financial officer owned 28,573 shares of the company’s stock, valued at approximately $2,152,118.36. This trade represents a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.79% of the company’s stock.

Wall Street Analyst Weigh In

MCHP has been the topic of several research reports. Citigroup dropped their target price on Microchip Technology from $113.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. TD Cowen dropped their price objective on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, July 13th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 price target on shares of Microchip Technology in a research report on Friday, August 7th. Finally, BMO Capital Markets started coverage on shares of Microchip Technology in a research note on Friday, August 21st. They set an “outperform” rating and a $95.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.67.

Check Out Our Latest Stock Analysis on MCHP

Microchip Technology Company Profile

(Free Report)

Microchip Technology Inc is a semiconductor company that develops and manufactures embedded control solutions for automotive, industrial, aerospace and defense, communications, consumer, and computing applications. Its products are designed to help customers manage processing, connectivity, power, timing, security, and data storage within electronic systems.

The company’s product portfolio includes microcontrollers, microprocessors, analog and mixed-signal devices, power-management products, timing and synchronization solutions, memory products, connectivity components, and field-programmable gate arrays.

See Also

Institutional Ownership by Quarter for Microchip Technology (NASDAQ:MCHP)

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