Microchip Technology Incorporated $MCHP Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,966 shares of the semiconductor company’s stock after selling 3,143 shares during the quarter. Logan Capital Management Inc.’s holdings in Microchip Technology were worth $4,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MCHP. GAMMA Investing LLC grew its holdings in shares of Microchip Technology by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 4,252 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Microchip Technology by 63.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 59,086 shares of the semiconductor company’s stock valued at $2,860,000 after buying an additional 22,847 shares in the last quarter. Golden State Wealth Management LLC lifted its position in Microchip Technology by 2,701.8% during the first quarter. Golden State Wealth Management LLC now owns 1,541 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 1,486 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in Microchip Technology during the first quarter worth approximately $226,000. Finally, Transcend Capital Advisors LLC increased its position in shares of Microchip Technology by 44.4% in the first quarter. Transcend Capital Advisors LLC now owns 5,980 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 1,838 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a report on Friday, August 8th. Piper Sandler raised their price objective on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Mizuho upped their target price on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. UBS Group increased their target price on Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Microchip Technology Trading Up 2.2%

Shares of MCHP opened at $64.55 on Tuesday. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $79.44. The stock has a 50-day moving average price of $65.26 and a 200 day moving average price of $62.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The company has a market capitalization of $34.84 billion, a P/E ratio of -189.85, a P/E/G ratio of 1.81 and a beta of 1.55.

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

Microchip Technology Dividend Announcement

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

Insider Buying and Selling at Microchip Technology

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

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.