626,262 Shares in Microchip Technology Incorporated $MCHP Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 626,262 shares of the semiconductor company’s stock, valued at approximately $44,070,000. Los Angeles Capital Management LLC owned about 0.12% of Microchip Technology as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MCF Advisors LLC boosted 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 acquiring an additional 321 shares in the last quarter. Carderock Capital Management Inc. bought a new stake in shares of Microchip Technology during the 2nd quarter worth $39,000. Painted Porch Advisors LLC bought a new position in shares of Microchip Technology during the 2nd quarter worth $40,000. Fourth Dimension Wealth LLC grew its stake in Microchip Technology by 98.7% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 298 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Microchip Technology by 115.4% in the second quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 441 shares during the period. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MCHP. Stifel Nicolaus cut their price objective on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday. Truist Financial reissued a “hold” rating and issued a $60.00 price target (down previously from $64.00) on shares of Microchip Technology in a report on Friday. Morgan Stanley lifted their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Susquehanna dropped their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.47.

Microchip Technology Price Performance

MCHP stock opened at $56.28 on Friday. The company has a market cap of $30.37 billion, a P/E ratio of -165.53, a PEG ratio of 1.79 and a beta of 1.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The firm has a 50-day moving average of $64.24 and a 200 day moving average of $64.08. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 3.2%. Microchip Technology’s dividend payout ratio is currently -535.29%.

Insider Activity

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.