Welch Group LLC Takes Position in Microchip Technology Incorporated $MCHP

Welch Group LLC purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,653 shares of the semiconductor company’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCHP. Garde Capital Inc. acquired a new stake in shares of Microchip Technology in the first quarter worth $30,000. MCF Advisors LLC boosted its position in Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new position in Microchip Technology during the 2nd quarter valued at about $39,000. WPG Advisers LLC acquired a new position in shares of Microchip Technology in the 1st quarter valued at about $40,000. Finally, Painted Porch Advisors LLC purchased a new stake in shares of Microchip Technology in the second quarter worth approximately $40,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MCHP shares. The Goldman Sachs Group initiated coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $88.00 price objective on the stock. Stifel Nicolaus upped their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Cantor Fitzgerald started coverage on Microchip Technology in a research report on Wednesday, June 18th. They set a “neutral” rating and a $70.00 price objective for the company. Wall Street Zen raised Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Needham & Company LLC raised their price target on Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Microchip Technology Price Performance

NASDAQ MCHP opened at $64.39 on Tuesday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44. The stock’s 50-day moving average is $65.21 and its two-hundred day moving average is $61.24. The firm has a market cap of $34.75 billion, a P/E ratio of -189.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm’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. On average, analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently disclosed 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 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s payout ratio is presently -535.29%.

Microchip Technology Company 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.