Ellsworth Advisors LLC Raises Position in Microchip Technology Incorporated $MCHP

Ellsworth Advisors LLC raised its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,615 shares of the semiconductor company’s stock after acquiring an additional 1,737 shares during the period. Ellsworth Advisors LLC’s holdings in Microchip Technology were worth $1,579,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Graham Capital Management L.P. acquired a new stake in shares of Microchip Technology during the 4th quarter worth approximately $663,000. Gotham Asset Management LLC increased its holdings in shares of Microchip Technology by 3.8% during the 4th quarter. Gotham Asset Management LLC now owns 11,259 shares of the semiconductor company’s stock worth $646,000 after buying an additional 414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Microchip Technology by 3.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 492,174 shares of the semiconductor company’s stock worth $28,212,000 after buying an additional 14,195 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of Microchip Technology by 20.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 22,522 shares of the semiconductor company’s stock worth $1,292,000 after buying an additional 3,763 shares during the last quarter. Finally, Numerai GP LLC increased its holdings in shares of Microchip Technology by 164.8% during the 4th quarter. Numerai GP LLC now owns 17,557 shares of the semiconductor company’s stock worth $1,007,000 after buying an additional 10,926 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Microchip Technology in a report on Wednesday, June 18th. They set a “neutral” rating and a $70.00 price target for the company. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. TD Cowen dropped their target price on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a report on Friday, August 8th. UBS Group lifted their target price on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Microchip Technology from a “sell” rating to a “hold” rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus price target of $76.58.

Insider Activity at Microchip Technology

In other 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 transaction of $505,504.32. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $64.74 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $81.64. The stock has a market capitalization of $34.94 billion, a PE ratio of -190.41, a P/E/G ratio of 1.86 and a beta of 1.56. The firm has a 50 day moving average of $68.42 and a two-hundred day moving average of $59.60.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company posted $0.53 EPS. The firm’s revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is currently -535.29%.

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.