Uhlmann Price Securities LLC Sells 1,814 Shares of Microchip Technology Incorporated $MCHP

Uhlmann Price Securities LLC decreased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 13.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,286 shares of the semiconductor company’s stock after selling 1,814 shares during the quarter. Uhlmann Price Securities LLC’s holdings in Microchip Technology were worth $794,000 at the end of the most recent quarter.

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 worth $30,000. MCF Advisors LLC grew its stake in shares of Microchip Technology by 211.2% during 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 period. Carderock Capital Management Inc. bought a new position in shares of Microchip Technology during the 2nd quarter worth $39,000. WPG Advisers LLC bought a new position in shares of Microchip Technology during the 1st quarter worth $40,000. Finally, Painted Porch Advisors LLC bought a new position in shares of Microchip Technology during the 2nd quarter worth $40,000. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MCHP. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Raymond James Financial raised their target price on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. UBS Group raised their target price on Microchip Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Microchip Technology Stock Performance

Shares of MCHP opened at $65.14 on Monday. The company has a market cap of $35.15 billion, a PE ratio of -191.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.55. 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 stock has a 50-day moving average price of $65.19 and a 200-day moving average price of $61.76. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $79.44.

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. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, equities analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm 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. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is -535.29%.

Insider Transactions at Microchip Technology

In related news, 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 transaction of $682,500.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm’s 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 transaction, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This represents a 19.69% 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 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.