Leelyn Smith LLC Makes New Investment in Microchip Technology Incorporated $MCHP

Posted by James Conley on Nov 8th, 2026

Leelyn Smith LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,142 shares of the semiconductor company’s stock, valued at approximately $2,266,000.

Other institutional investors have also recently bought and sold shares of the company. Private Capital Advisors Inc. bought a new position in Microchip Technology in the 3rd quarter valued at $21,230,000. Junto Capital Management LP bought a new stake in shares of Microchip Technology during the second quarter worth $38,537,000. Viking Fund Management LLC bought a new stake in shares of Microchip Technology during the third quarter worth $8,555,000. Hsbc Holdings PLC increased its stake in shares of Microchip Technology by 13.0% in the first quarter. Hsbc Holdings PLC now owns 1,160,129 shares of the semiconductor company’s stock valued at $74,649,000 after buying an additional 133,813 shares in the last quarter. Finally, LGT Fund Management Co Ltd. acquired a new stake in shares of Microchip Technology in the first quarter valued at $3,428,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

More Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

Positive Sentiment: Fiscal Q2 EPS was $0.97 versus the $0.94 consensus, while revenue of $1.62 billion topped estimates and rose 42.2% year over year. Reports cited recovering industrial and data-center demand and improving margins as growth drivers. Zacks earnings report
Positive Sentiment: Microchip declared a quarterly dividend of $0.455 per share, equivalent to $1.82 annually and a reported yield of about 3.2%. The dividend may appeal to income-focused investors.
Neutral Sentiment: Several analysts still rate MCHP Buy or Overweight, and their revised targets remain above the cited $58.35 share price. However, the target reductions signal more cautious expectations.
Negative Sentiment: Management’s fiscal Q3 outlook is a key concern: revenue is forecast to range from 3% below to 1% above Q2, with non-GAAP EPS of $0.87–$0.95. The midpoint was reported below consensus; supply constraints and rising costs could limit near-term growth. Benzinga analyst coverage
Negative Sentiment: Analysts cut targets after the results, including Truist to $62 from $90 and Evercore ISI to $75 from $117. Citigroup lowered its target to $75 from $95 but kept a Buy rating; the broader reset in expectations may pressure shares despite generally higher remaining targets. Truist analyst recommendations Evercore ISI target update

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. B. Riley Financial reduced their price target on shares of Microchip Technology from $98.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday. BMO Capital Markets initiated coverage on shares of Microchip Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $95.00 price objective for the company. Rosenblatt Securities dropped their target price on shares of Microchip Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday. UBS Group reiterated a “buy” rating and set a $120.00 target price (down from $130.00) on shares of Microchip Technology in a research report on Friday, August 7th. Finally, Cantor Fitzgerald decreased their price target on shares of Microchip Technology from $125.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average price target of $91.64.

Check Out Our Latest Analysis on MCHP

Insider Activity at Microchip Technology

In related news, CFO James Bjornholt sold 4,112 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total transaction of $309,715.84. Following the completion of the sale, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at $2,152,118.36. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is currently owned by corporate insiders.

Microchip Technology Trading Down 10.0%

Shares of MCHP opened at $58.35 on Friday. The stock’s fifty day simple moving average is $74.85 and its 200-day simple moving average is $79.41. The firm has a market capitalization of $31.68 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 0.40 and a beta of 1.84. Microchip Technology Incorporated has a 12-month low of $48.52 and a 12-month high of $105.91. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. Microchip Technology had a return on equity of 20.45% and a net margin of 14.96%. The company’s revenue was up 42.2% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. As a group, research analysts predict that Microchip Technology Incorporated will post 3.20 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.4550 per share. The ex-dividend date is Monday, November 23rd. This represents a $1.82 annualized dividend and a dividend yield of 3.1%. Microchip Technology’s payout ratio is currently 271.64%.