Wealth Enhancement Advisory Services LLC Sells 16,853 Shares of Microchip Technology Incorporated $MCHP

Wealth Enhancement Advisory Services LLC trimmed its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 391,532 shares of the semiconductor company’s stock after selling 16,853 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of Microchip Technology worth $24,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Winnow Wealth LLC bought a new stake in shares of Microchip Technology in the 3rd quarter worth approximately $25,000. Root Financial Partners LLC bought a new position in shares of Microchip Technology during the 3rd quarter worth $28,000. Salomon & Ludwin LLC grew its stake in shares of Microchip Technology by 219.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC purchased a new stake in Microchip Technology in the 3rd quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in Microchip Technology by 106.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 267 shares during the period. 91.51% of the stock is owned by institutional investors.

Microchip Technology Price Performance

MCHP stock opened at $65.63 on Wednesday. The firm has a 50 day moving average of $72.95 and a 200-day moving average of $66.59. The firm has a market capitalization of $35.52 billion, a P/E ratio of -226.31, a price-to-earnings-growth ratio of 1.62 and a beta of 1.45. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $83.35. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $0.20 EPS. Microchip Technology’s revenue was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, sell-side analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a $0.455 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio is presently -627.59%.

Analysts Set New Price Targets

Several equities research analysts have commented on MCHP shares. Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Wall Street Zen lowered shares of Microchip Technology from a “buy” rating to a “hold” rating in a research report on Monday. KeyCorp restated an “overweight” rating and set a $85.00 price target on shares of Microchip Technology in a research note on Friday, February 6th. Finally, Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Insider Activity

In related news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction 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 completion of the sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.94% of the company’s stock.

About Microchip Technology

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.