Green Alpha Advisors LLC Makes New $739,000 Investment in Microchip Technology Incorporated $MCHP

Green Alpha Advisors LLC purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,102 shares of the semiconductor company’s stock, valued at approximately $739,000.

Other large investors have also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in Microchip Technology in the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new position in shares of Microchip Technology in the 2nd quarter worth $31,000. EFG International AG purchased a new stake in shares of Microchip Technology during the 4th quarter valued at $29,000. Miller Capital Partners Inc. bought a new stake in shares of Microchip Technology during the 4th quarter worth $29,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of Microchip Technology during the 4th quarter worth $33,000. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $125.00 price objective on shares of Microchip Technology in a research report on Monday, August 17th. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. JPMorgan Chase & Co. lifted their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $120.00 price target on shares of Microchip Technology in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.67.

Microchip Technology Stock Up 0.4%

Shares of NASDAQ:MCHP opened at $76.08 on Friday. The stock’s 50-day moving average is $84.29 and its 200 day moving average is $81.49. The company has a market cap of $41.31 billion, a PE ratio of 113.55, a P/E/G ratio of 0.53 and a beta of 1.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.06. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%.The business’s revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Sell-side analysts anticipate that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is presently 271.64%.

Insider Activity at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 837 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $80.26, for a total value of $67,177.62. Following the completion of the sale, the chief financial officer directly owned 30,960 shares in the company, valued at $2,484,849.60. This trade represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew W. Chapman sold 3,000 shares of Microchip Technology stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $97.52, for a total value of $292,560.00. Following the sale, the director directly owned 17,665 shares in the company, valued at approximately $1,722,690.80. The trade was a 14.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,837 shares of company stock worth $847,338 over the last quarter. Corporate insiders own 1.79% of the company’s stock.

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.