111 Capital Sells 4,197 Shares of Microchip Technology Incorporated $MCHP

111 Capital lowered its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 57.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,117 shares of the semiconductor company’s stock after selling 4,197 shares during the period. 111 Capital’s holdings in Microchip Technology were worth $219,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garde Capital Inc. bought a new position in shares of Microchip Technology during the 1st quarter valued at $30,000. MCF Advisors LLC grew its holdings in 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 last quarter. Carderock Capital Management Inc. bought a new stake in Microchip Technology in the 2nd quarter worth $39,000. WPG Advisers LLC bought a new stake in Microchip Technology in the 1st quarter worth $40,000. Finally, Painted Porch Advisors LLC bought a new stake in Microchip Technology in the 2nd quarter worth $40,000. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Trading Down 2.4%

Shares of NASDAQ MCHP opened at $64.96 on Wednesday. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $79.44. The stock has a market cap of $35.06 billion, a P/E ratio of -191.06, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55. The firm has a 50-day moving average of $65.48 and a 200 day moving average of $60.82. 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 issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.53 EPS. Microchip Technology’s 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. As a group, sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

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

Insider Activity

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the transaction, the director directly owned 30,665 shares of the company’s stock, valued at $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. 1.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MCHP. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a report on Saturday, September 27th. TD Cowen cut their price target on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, August 8th. KeyCorp raised their price target on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Wall Street Zen raised shares of Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Citigroup raised their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.75.

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.