Vest Financial LLC Increases Stake in Microchip Technology Incorporated $MCHP

Vest Financial LLC lifted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 21.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,471 shares of the semiconductor company’s stock after acquiring an additional 4,381 shares during the period. Vest Financial LLC’s holdings in Microchip Technology were worth $1,722,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of Microchip Technology during the 1st quarter worth about $318,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Microchip Technology by 35.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,554 shares of the semiconductor company’s stock worth $1,624,000 after acquiring an additional 8,843 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of Microchip Technology by 67.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 16,098 shares of the semiconductor company’s stock worth $779,000 after acquiring an additional 6,474 shares during the period. Argonautica Private Wealth Management Inc. purchased a new position in shares of Microchip Technology during the 1st quarter worth about $428,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Microchip Technology by 9.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 937,682 shares of the semiconductor company’s stock worth $45,665,000 after acquiring an additional 82,490 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James Financial raised their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating 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 company an “overweight” rating in a report on Tuesday, July 8th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Wall Street Zen upgraded shares of Microchip Technology from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Stifel Nicolaus raised their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, July 18th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $75.75.

Microchip Technology Stock Up 0.3%

MCHP stock opened at $64.60 on Wednesday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.44. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $34.86 billion, a P/E ratio of -190.00, a PEG ratio of 1.84 and a beta of 1.55. The firm has a 50 day simple moving average of $65.16 and a 200-day simple moving average of $61.27.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $1.08 billion during 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 business’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, equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

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

Insider Buying and Selling

In other Microchip Technology 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 value of $505,504.32. Following the completion of the transaction, the chief financial officer owned 30,010 shares of the company’s stock, valued at $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 completion of the transaction, 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.