Guggenheim Capital LLC Increases Stock Position in Microchip Technology Incorporated $MCHP

Guggenheim Capital LLC grew its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 15.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 253,375 shares of the semiconductor company’s stock after acquiring an additional 34,096 shares during the quarter. Guggenheim Capital LLC’s holdings in Microchip Technology were worth $17,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MCF Advisors LLC grew its holdings 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 purchasing an additional 321 shares during the period. Carderock Capital Management Inc. acquired a new position in Microchip Technology during the second quarter valued at approximately $39,000. Painted Porch Advisors LLC acquired a new position in Microchip Technology during the second quarter valued at approximately $40,000. Fourth Dimension Wealth LLC grew its stake in Microchip Technology by 98.7% during the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after buying an additional 298 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Microchip Technology in the second quarter worth $45,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Stock Performance

Shares of MCHP opened at $64.72 on Friday. The stock has a market capitalization of $34.98 billion, a PE ratio of -143.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.47. The business’s fifty day moving average price is $60.13 and its 200 day moving average price is $64.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $77.20.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology’s payout ratio is -404.44%.

Analyst Ratings Changes

MCHP has been the topic of several recent research reports. Stifel Nicolaus reduced their target price on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Susquehanna dropped their target price on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price target on shares of Microchip Technology in a report on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average price target of $74.11.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.