Franklin Resources Inc. Has $318.03 Million Position in Microchip Technology Incorporated $MCHP

Franklin Resources Inc. lessened its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 28.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,519,420 shares of the semiconductor company’s stock after selling 1,820,350 shares during the period. Franklin Resources Inc. owned about 0.84% of Microchip Technology worth $318,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MCF Advisors LLC lifted its position in shares of Microchip Technology by 211.2% in 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. bought a new stake in shares of Microchip Technology during the second quarter valued at approximately $39,000. Painted Porch Advisors LLC acquired a new position in shares of Microchip Technology in the second quarter valued at $40,000. Fourth Dimension Wealth LLC lifted its position in Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 298 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in 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 purchasing an additional 441 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction that occurred 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 transaction, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MCHP. Morgan Stanley increased their price target on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. Susquehanna dropped their target price on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a report on Friday, November 7th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Raymond James Financial upped their price target on Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company dropped their price objective on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average price target of $73.47.

Microchip Technology Trading Up 3.8%

Shares of NASDAQ MCHP opened at $50.90 on Friday. The company has a 50-day moving average of $61.86 and a two-hundred day moving average of $64.69. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company has a market cap of $27.51 billion, a PE ratio of -149.71, a P/E/G ratio of 1.79 and a beta of 1.57.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

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.