L. Roy Papp & Associates LLP Trims Holdings in Microchip Technology Incorporated $MCHP

L. Roy Papp & Associates LLP decreased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,652 shares of the semiconductor company’s stock after selling 1,067 shares during the period. L. Roy Papp & Associates LLP’s holdings in Microchip Technology were worth $2,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCHP. Miracle Mile Advisors LLC purchased a new stake in Microchip Technology in the first quarter worth $226,000. Farther Finance Advisors LLC grew its position in shares of Microchip Technology by 24.0% during the 1st quarter. Farther Finance Advisors LLC now owns 3,685 shares of the semiconductor company’s stock worth $179,000 after buying an additional 713 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of Microchip Technology by 8.6% during the 1st quarter. Yousif Capital Management LLC now owns 79,391 shares of the semiconductor company’s stock worth $3,843,000 after buying an additional 6,316 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Microchip Technology by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company’s stock worth $480,000 after buying an additional 4,252 shares in the last quarter. Finally, Integrated Advisors Network LLC grew its position in shares of Microchip Technology by 8.9% during the 1st quarter. Integrated Advisors Network LLC now owns 9,119 shares of the semiconductor company’s stock worth $441,000 after buying an additional 746 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 $65.86 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.44. The stock’s 50-day moving average is $65.38 and its 200 day moving average is $60.94. The company has a market cap of $35.54 billion, a P/E ratio of -193.71, a PEG ratio of 1.92 and a beta of 1.55. 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 data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued 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%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MCHP. Mizuho increased their price target on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Raymond James Financial increased their price target on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. TD Cowen dropped their price target on Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. The Goldman Sachs Group began coverage on Microchip Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $88.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Insider Activity

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was 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 of the company’s stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the sale, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

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.