Microchip Technology Incorporated $MCHP Shares Sold by Watts Gwilliam & Co. LLC

Watts Gwilliam & Co. LLC lessened its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 83.3% during the second quarter, HoldingsChannel.com reports. The fund owned 10,233 shares of the semiconductor company’s stock after selling 51,163 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Microchip Technology were worth $678,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MCF Advisors LLC increased its holdings in 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 last quarter. Carderock Capital Management Inc. bought a new position in Microchip Technology during the second quarter worth $39,000. Painted Porch Advisors LLC bought a new position in Microchip Technology during the second quarter worth $40,000. Fourth Dimension Wealth LLC boosted its holdings in Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 298 shares during the period. Finally, State of Wyoming increased its stake in Microchip Technology by 78.1% during the second quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 271 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In other 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 transaction of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America raised their target price on shares of Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Cantor Fitzgerald decreased their target price on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Morgan Stanley boosted their price target 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.95.

Microchip Technology Stock Performance

Shares of NASDAQ:MCHP opened at $67.18 on Monday. The stock has a market capitalization of $36.31 billion, a price-to-earnings ratio of -149.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The business’s fifty day moving average price is $60.42 and its two-hundred day moving average price is $64.99. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a $0.455 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.7%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

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.