Mirabella Financial Services LLP Invests $1.99 Million in Microchip Technology Incorporated $MCHP

Mirabella Financial Services LLP purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 28,300 shares of the semiconductor company’s stock, valued at approximately $1,991,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Microchip Technology by 1.8% during the second quarter. Vanguard Group Inc. now owns 70,568,004 shares of the semiconductor company’s stock valued at $4,965,870,000 after acquiring an additional 1,265,390 shares during the last quarter. Invesco Ltd. raised its stake in Microchip Technology by 10.4% in the 2nd quarter. Invesco Ltd. now owns 18,452,546 shares of the semiconductor company’s stock valued at $1,298,506,000 after purchasing an additional 1,745,515 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Microchip Technology by 0.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after purchasing an additional 152,434 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Microchip Technology by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock valued at $1,040,544,000 after purchasing an additional 343,210 shares in the last quarter. Finally, Boston Partners boosted its stake in Microchip Technology by 38.2% during the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after purchasing an additional 4,101,034 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MCHP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Truist Financial reissued a “hold” rating and issued a $60.00 target price (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Susquehanna lowered their target price on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Finally, Cantor Fitzgerald dropped their price target on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and an average target price of $74.11.

Microchip Technology Trading Up 1.7%

Shares of Microchip Technology stock opened at $64.72 on Friday. The stock has a 50 day moving average of $60.13 and a 200 day moving average of $64.53. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of -143.82, a PEG ratio of 2.23 and a beta of 1.47. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Insider Buying and Selling at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.