Patrick Mauro Investment Advisor INC. Sells 17,934 Shares of Microchip Technology Incorporated $MCHP

Patrick Mauro Investment Advisor INC. reduced its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 58.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,801 shares of the semiconductor company’s stock after selling 17,934 shares during the quarter. Patrick Mauro Investment Advisor INC.’s holdings in Microchip Technology were worth $901,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Parsons Capital Management Inc. RI purchased a new stake in shares of Microchip Technology during the second quarter valued at $280,000. Mizuho Markets Cayman LP purchased a new position in Microchip Technology in the 2nd quarter worth about $107,584,000. Boston Partners lifted its holdings in Microchip Technology by 38.0% during the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after buying an additional 4,076,112 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Microchip Technology by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock valued at $158,127,000 after buying an additional 122,633 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in Microchip Technology by 0.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after acquiring an additional 152,434 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP stock opened at $50.90 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The stock’s 50-day moving average is $61.86 and its 200 day moving average is $64.69. The company has a market cap of $27.51 billion, a P/E ratio of -149.71, a PEG ratio of 1.79 and a beta of 1.57. 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 announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Buying and Selling at Microchip Technology

In other Microchip Technology 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 value of $505,504.32. Following the transaction, the chief financial officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was 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. The trade was a 24.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.94% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup reduced their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Cantor Fitzgerald dropped their price objective on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Piper Sandler raised their price objective on Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Needham & Company LLC lowered their target price on Microchip Technology from $77.00 to $73.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, Wells Fargo & Company dropped their price target on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.47.

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.