Morningstar Investment Management LLC Takes Position in Microchip Technology Incorporated $MCHP

Morningstar Investment Management LLC bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the second quarter, HoldingsChannel reports. The fund bought 3,048 shares of the semiconductor company’s stock, valued at approximately $214,000.

A number of other large investors have also modified their holdings of the stock. NorthRock Partners LLC acquired a new stake in shares of Microchip Technology in the second quarter valued at about $203,000. Cascade Investment Advisors Inc. grew its stake in shares of Microchip Technology by 2.3% in the second quarter. Cascade Investment Advisors Inc. now owns 27,240 shares of the semiconductor company’s stock valued at $1,917,000 after buying an additional 610 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Microchip Technology by 7.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 20,270 shares of the semiconductor company’s stock valued at $1,426,000 after purchasing an additional 1,373 shares in the last quarter. Vest Financial LLC grew its stake in Microchip Technology by 21.8% during the 2nd quarter. Vest Financial LLC now owns 24,471 shares of the semiconductor company’s stock valued at $1,722,000 after purchasing an additional 4,381 shares in the last quarter. Finally, MGO One Seven LLC acquired a new stake in Microchip Technology during the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Susquehanna raised their price objective on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Raymond James Financial raised their price objective on Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. KeyCorp raised their price objective on Microchip Technology from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Piper Sandler raised their price objective on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. One investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Insider Activity at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction that occurred on 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 directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Microchip Technology Trading Up 0.3%

NASDAQ:MCHP opened at $64.60 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $65.16 and its two-hundred day moving average is $61.27. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44. The company has a market cap of $34.86 billion, a PE ratio of -190.00, a P/E/G ratio of 1.84 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping 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 business posted $0.53 EPS. Microchip Technology’s quarterly 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, analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors 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 dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is -535.29%.

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.