Nisa Investment Advisors LLC Grows Position in Microchip Technology Incorporated $MCHP

Nisa Investment Advisors LLC increased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 6.6% in the second quarter, Holdings Channel reports. The fund owned 205,793 shares of the semiconductor company’s stock after purchasing an additional 12,764 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Microchip Technology were worth $14,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MCHP. GAMMA Investing LLC lifted its stake in Microchip Technology by 75.0% in the first quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company’s stock worth $480,000 after acquiring an additional 4,252 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Microchip Technology by 63.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 59,086 shares of the semiconductor company’s stock worth $2,860,000 after acquiring an additional 22,847 shares during the period. Golden State Wealth Management LLC lifted its stake in Microchip Technology by 2,701.8% in the first quarter. Golden State Wealth Management LLC now owns 1,541 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 1,486 shares during the period. Perigon Wealth Management LLC purchased a new stake in Microchip Technology in the first quarter worth about $226,000. Finally, Transcend Capital Advisors LLC lifted its stake in Microchip Technology by 44.4% in the first quarter. Transcend Capital Advisors LLC now owns 5,980 shares of the semiconductor company’s stock worth $289,000 after acquiring an additional 1,838 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction that occurred 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 directly 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 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 transaction of $682,500.00. Following the transaction, 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 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 Stock Performance

Shares of Microchip Technology stock opened at $63.17 on Monday. The firm has a market capitalization of $34.09 billion, a P/E ratio of -185.79, a PEG ratio of 1.81 and a beta of 1.55. 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 company has a 50 day moving average price of $65.28 and a 200 day moving average price of $62.72. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. Microchip Technology’s revenue was down 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MCHP shares. Raymond James Financial upped their price objective on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. Susquehanna increased their price target on shares of Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Stifel Nicolaus increased their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Citigroup increased their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, Wells Fargo & Company assumed coverage on shares of Microchip Technology in a research report on Monday, September 15th. They set an “equal weight” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company 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.