Raleigh Capital Management Inc. Reduces Holdings in Microchip Technology Incorporated $MCHP

Raleigh Capital Management Inc. decreased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 41.4% during the second quarter, Holdings Channel.com reports. The fund owned 465 shares of the semiconductor company’s stock after selling 329 shares during the period. Raleigh Capital Management Inc.’s holdings in Microchip Technology were worth $33,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. MCF Advisors LLC boosted its position in Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares during the last quarter. Carderock Capital Management Inc. purchased a new stake in Microchip Technology in the second quarter valued at approximately $39,000. Painted Porch Advisors LLC purchased a new stake in Microchip Technology in the second quarter valued at approximately $40,000. Garde Capital Inc. purchased a new stake in Microchip Technology in the first quarter valued at approximately $30,000. Finally, WPG Advisers LLC purchased a new stake in Microchip Technology in the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction on 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 owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Stock Down 0.2%

Shares of NASDAQ:MCHP opened at $64.11 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $65.76 and a two-hundred day moving average of $60.42. The stock has a market cap of $34.60 billion, a P/E ratio of -188.56, a PEG ratio of 1.84 and a beta of 1.55. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $79.53.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio is currently -535.29%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Truist Financial boosted their price target on Microchip Technology from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, June 18th. Mizuho boosted their price target on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. Needham & Company LLC boosted their price target on Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Evercore ISI boosted their price target on Microchip Technology from $69.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.75.

About Microchip Technology

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.