United Capital Financial Advisors LLC Purchases New Holdings in Microchip Technology Incorporated $MCHP

United Capital Financial Advisors LLC acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 33,623 shares of the semiconductor company’s stock, valued at approximately $3,066,000.

Several other large investors have also recently bought and sold shares of the company. EFG International AG bought a new position in Microchip Technology in the 4th quarter valued at $29,000. Miller Capital Partners Inc. bought a new stake in shares of Microchip Technology during the fourth quarter worth $29,000. Continuum Advisory LLC acquired a new position in shares of Microchip Technology during the second quarter valued at $30,000. Johnson Financial Group Inc. acquired a new position in shares of Microchip Technology during the second quarter valued at $31,000. Finally, Reflection Asset Management bought a new position in Microchip Technology in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling

In other news, COO Richard J. Simoncic sold 5,000 shares of Microchip Technology stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the transaction, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 4,112 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total transaction of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This trade represents a 12.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 9,949 shares of company stock valued at $864,493. Corporate insiders own 1.79% of the company’s stock.

Microchip Technology Trading Down 3.4%

NASDAQ MCHP opened at $72.93 on Friday. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91. The stock has a 50-day simple moving average of $81.90 and a 200 day simple moving average of $81.37. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $39.60 billion, a PE ratio of 108.85, a P/E/G ratio of 0.53 and a beta of 1.76.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%.The company’s revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Research analysts forecast that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.82 annualized dividend and a yield of 2.5%. Microchip Technology’s dividend payout ratio (DPR) is presently 271.64%.

Analysts Set New Price Targets

A number of analysts recently commented on MCHP shares. TD Cowen lowered their price objective on Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. BMO Capital Markets assumed coverage on shares of Microchip Technology in a research note on Friday, August 21st. They issued an “outperform” rating and a $95.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $120.00 price target on shares of Microchip Technology in a research report on Friday, August 7th. Finally, UBS Group reissued a “buy” rating and set a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.