Sierra Summit Advisors LLC Has $2.10 Million Position in Microchip Technology Incorporated $MCHP

Sierra Summit Advisors LLC increased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 90.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,748 shares of the semiconductor company’s stock after buying an additional 15,547 shares during the period. Sierra Summit Advisors LLC’s holdings in Microchip Technology were worth $2,103,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MCHP. AQR Capital Management LLC lifted its holdings in shares of Microchip Technology by 51.3% during the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock worth $827,000 after purchasing an additional 5,835 shares during the period. Geneos Wealth Management Inc. raised its position in Microchip Technology by 101.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 616 shares during the last quarter. Brighton Jones LLC acquired a new position in Microchip Technology during the 2nd quarter worth about $283,000. Arkadios Wealth Advisors grew its position in shares of Microchip Technology by 191.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 15,563 shares of the semiconductor company’s stock valued at $1,095,000 after buying an additional 10,232 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Microchip Technology by 24.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 7,816 shares of the semiconductor company’s stock valued at $550,000 after buying an additional 1,527 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Activity at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Price Performance

Microchip Technology stock opened at $74.64 on Friday. The stock has a market capitalization of $40.39 billion, a price-to-earnings ratio of -257.38, a PEG ratio of 1.88 and a beta of 1.46. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The stock’s 50 day moving average price is $73.81 and its two-hundred day moving average price is $66.59.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. Microchip Technology’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s dividend payout ratio is -627.59%.

Analyst Ratings Changes

MCHP has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Citigroup lowered their price target on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating for the company in a report on Friday, February 6th. TD Cowen dropped their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Stifel Nicolaus set a $90.00 price objective on shares of Microchip Technology in a research report on Friday, February 6th. Finally, Wolfe Research set a $85.00 target price on shares of Microchip Technology in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.