Evermay Wealth Management LLC Sells 250 Shares of Microchip Technology Incorporated $MCHP

Evermay Wealth Management LLC trimmed its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 7.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,916 shares of the semiconductor company’s stock after selling 250 shares during the quarter. Evermay Wealth Management LLC’s holdings in Microchip Technology were worth $205,000 as of its most recent filing with the SEC.

Other 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 approximately $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 in the last quarter. Carderock Capital Management Inc. bought a new position in shares of Microchip Technology during the 2nd quarter worth approximately $39,000. WPG Advisers LLC bought a new position in shares of Microchip Technology during the 1st quarter worth approximately $40,000. Finally, Painted Porch Advisors LLC bought a new position in shares of Microchip Technology during the 2nd quarter worth approximately $40,000. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction 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 $2,062,287.20. This trade represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $682,500.00. Following the sale, the director directly owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This represents a 24.59% 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 3.0%

Shares of Microchip Technology stock opened at $67.07 on Tuesday. The business has a fifty day simple moving average of $65.31 and a two-hundred day simple moving average of $61.97. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $79.44. The company has a market capitalization of $36.20 billion, a price-to-earnings ratio of -197.26, a P/E/G ratio of 1.87 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 announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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 firm posted $0.53 EPS. The company’s quarterly 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. Research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

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 dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.7%. Microchip Technology’s dividend payout ratio (DPR) is currently -535.29%.

Analyst Upgrades and Downgrades

MCHP has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. UBS Group increased their price objective on Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 7th. Citigroup increased their price objective on Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a report on Monday, July 7th. TD Cowen cut their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a report on Friday, August 8th. Finally, Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

Microchip Technology 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.