Microchip Technology Incorporated $MCHP Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 2.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 42,454 shares of the semiconductor company’s stock after selling 1,114 shares during the quarter. Atria Investments Inc’s holdings in Microchip Technology were worth $2,988,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mizuho Markets Cayman LP purchased a new stake in shares of Microchip Technology during the second quarter valued at $107,584,000. Argonautica Private Wealth Management Inc. purchased a new stake in shares of Microchip Technology during the first quarter valued at $428,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Microchip Technology by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock valued at $158,127,000 after purchasing an additional 122,633 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Microchip Technology by 18.2% during the first quarter. Victory Capital Management Inc. now owns 602,783 shares of the semiconductor company’s stock valued at $29,181,000 after purchasing an additional 92,962 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Microchip Technology by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after purchasing an additional 152,434 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Stock Up 0.6%

MCHP opened at $62.42 on Monday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The business has a 50-day moving average of $64.94 and a 200-day moving average of $63.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The company has a market capitalization of $33.69 billion, a PE ratio of -183.59, a price-to-earnings-growth ratio of 1.79 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business earned $0.53 EPS. The business’s quarterly revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities research 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. Stockholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.9%. Microchip Technology’s dividend payout ratio is currently -535.29%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. TD Cowen reduced their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, August 8th. UBS Group upped their target price on Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 7th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, The Goldman Sachs Group initiated coverage on Microchip Technology in a report on Thursday, July 10th. They issued a “buy” rating and a $88.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated Monday, August 25th. The stock was 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 of the company’s stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.94% of the company’s stock.

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.