Probity Advisors Inc. Has $2.20 Million Position in Microchip Technology Incorporated $MCHP

Probity Advisors Inc. cut its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,194 shares of the semiconductor company’s stock after selling 1,423 shares during the quarter. Probity Advisors Inc.’s holdings in Microchip Technology were worth $2,195,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sagespring Wealth Partners LLC increased its holdings in shares of Microchip Technology by 2.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 154 shares during the last quarter. Mechanics Financial Corp increased its holdings in shares of Microchip Technology by 3.4% during the 2nd quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock worth $353,000 after acquiring an additional 167 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of Microchip Technology by 0.4% during the 2nd quarter. Global X Japan Co. Ltd. now owns 45,705 shares of the semiconductor company’s stock worth $3,216,000 after acquiring an additional 174 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in Microchip Technology by 18.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 192 shares during the period. Finally, Grimes & Company Inc. boosted its stake in Microchip Technology by 4.3% in the 2nd quarter. Grimes & Company Inc. now owns 5,237 shares of the semiconductor company’s stock valued at $369,000 after purchasing an additional 217 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $67.07 on Tuesday. The stock has a fifty day moving average price of $65.31 and a 200-day moving average price of $61.97. The company has a market cap of $36.20 billion, a price-to-earnings ratio of -197.26, a PEG ratio of 1.87 and a beta of 1.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44.

Microchip Technology (NASDAQ:MCHP) last released its earnings results 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. 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 was down 13.3% compared to the same quarter last year. During the same period in the prior 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 anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio is currently -535.29%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company’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 directly owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s 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 owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on MCHP shares. Stifel Nicolaus boosted their price target on Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Needham & Company LLC boosted their price target on Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Mizuho boosted their price target on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Finally, UBS Group boosted their price target on Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, July 7th. 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 company. Based on data from MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and an average 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.