Microchip Technology Incorporated $MCHP Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 17.5% during the 2nd quarter, Holdings Channel reports. The firm owned 232,085 shares of the semiconductor company’s stock after selling 49,381 shares during the period. Blair William & Co. IL’s holdings in Microchip Technology were worth $16,332,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MCHP. Mainstay Capital Management LLC ADV purchased a new stake in Microchip Technology in the 2nd quarter valued at approximately $225,000. Capital Advisors Ltd. LLC raised its holdings in shares of Microchip Technology by 115.4% in the second quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 441 shares during the last quarter. Muhlenkamp & Co. Inc. lifted its position in shares of Microchip Technology by 81.4% in the second quarter. Muhlenkamp & Co. Inc. now owns 201,491 shares of the semiconductor company’s stock valued at $14,179,000 after acquiring an additional 90,431 shares in the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Microchip Technology during the second quarter valued at $1,407,000. Finally, Tectonic Advisors LLC increased its position in Microchip Technology by 10.6% during the 2nd quarter. Tectonic Advisors LLC now owns 8,897 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 856 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday. Susquehanna upped their price objective on shares of Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company started coverage on shares of Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 target price for the company. Piper Sandler boosted their price target on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, TD Cowen decreased their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Microchip Technology has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $60.41 on Friday. The company has a market cap of $32.60 billion, a P/E ratio of -177.68, a P/E/G ratio of 1.89 and a beta of 1.55. The firm’s 50 day moving average is $65.26 and its two-hundred day moving average is $61.00. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80.

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

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is currently -535.29%.

Insider Buying and Selling at Microchip Technology

In related 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 transaction, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the sale, 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. Insiders own 1.94% of the company’s stock.

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.