Microchip Technology Incorporated $MCHP Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 1.3% during the 2nd quarter, Holdings Channel reports. The fund owned 450,078 shares of the semiconductor company’s stock after selling 6,105 shares during the quarter. Retirement Systems of Alabama’s holdings in Microchip Technology were worth $31,672,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MCHP. MCF Advisors LLC raised its stake in Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new stake in shares of Microchip Technology in the 2nd quarter valued at approximately $39,000. Painted Porch Advisors LLC purchased a new stake in shares of Microchip Technology during the 2nd quarter valued at approximately $40,000. Capital Advisors Ltd. LLC raised its position in shares of Microchip Technology by 115.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 441 shares during the period. Finally, WPG Advisers LLC purchased a new position in Microchip Technology in the first quarter worth approximately $40,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP opened at $62.07 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock has a 50-day simple moving average of $65.07 and a 200-day simple moving average of $63.19. The stock has a market capitalization of $33.50 billion, a PE ratio of -182.56, a PEG ratio of 1.79 and a beta of 1.55. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.Microchip Technology’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Buying and Selling

In related news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The shares were 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 $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 sale, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. TD Cowen decreased their target price on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Citigroup increased their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Finally, Mizuho boosted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

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.