Nicholas Company Inc. Sells 33,685 Shares of Microchip Technology Incorporated $MCHP

Nicholas Company Inc. lowered its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 9.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 336,467 shares of the semiconductor company’s stock after selling 33,685 shares during the period. Nicholas Company Inc. owned approximately 0.06% of Microchip Technology worth $30,686,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EFG International AG bought a new stake in shares of Microchip Technology during the fourth quarter worth approximately $29,000. Miller Capital Partners Inc. acquired a new position in shares of Microchip Technology in the fourth quarter valued at approximately $29,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Microchip Technology during the fourth quarter worth approximately $33,000. Reflection Asset Management bought a new position in shares of Microchip Technology during the fourth quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Microchip Technology by 4,663.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 513 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 3,667 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $90.87, for a total value of $333,220.29. Following the completion of the transaction, the chief financial officer owned 28,573 shares of the company’s stock, valued at $2,596,428.51. The trade was a 11.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $97.52, for a total transaction of $487,600.00. Following the sale, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This represents a 3.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 16,667 shares of company stock worth $1,580,580. Company insiders own 1.79% of the company’s stock.

Microchip Technology Trading Up 1.9%

Shares of MCHP stock opened at $79.17 on Friday. The stock has a market cap of $42.99 billion, a P/E ratio of 118.17, a price-to-earnings-growth ratio of 0.62 and a beta of 1.76. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $85.72 and a 200 day simple moving average of $81.47.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%.The company’s revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, research analysts predict that Microchip Technology Incorporated will post 2.81 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be given a $0.455 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. Microchip Technology’s dividend payout ratio (DPR) is presently 271.64%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their price objective on Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th. Rosenblatt Securities reissued a “buy” rating and set a $120.00 target price on shares of Microchip Technology in a report on Friday, August 7th. TD Cowen reduced their target price on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Finally, UBS Group restated a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.85.

Microchip Technology 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.