Oak Harvest Investment Services Makes New $3.38 Million Investment in Microchip Technology Incorporated $MCHP

Oak Harvest Investment Services purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 52,643 shares of the semiconductor company’s stock, valued at approximately $3,381,000.

A number of other hedge funds have also recently bought and sold shares of MCHP. MCF Advisors LLC lifted its holdings in Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares during the period. Carderock Capital Management Inc. bought a new stake in shares of Microchip Technology during the 2nd quarter worth $39,000. Painted Porch Advisors LLC purchased a new position in shares of Microchip Technology in the 2nd quarter worth about $40,000. Fourth Dimension Wealth LLC boosted its holdings in shares of Microchip Technology by 98.7% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after buying an additional 298 shares during the last quarter. Finally, State of Wyoming grew its position in Microchip Technology by 78.1% during the second quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 271 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $64.65 on Tuesday. The stock’s 50-day simple moving average is $60.45 and its two-hundred day simple moving average is $65.06. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $77.20. The firm has a market capitalization of $34.94 billion, a P/E ratio of -143.67, a P/E/G ratio of 2.03 and a beta of 1.48. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80.

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

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Susquehanna lowered their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Stifel Nicolaus decreased their target price on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, November 7th. KeyCorp restated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Bank of America increased their price target on Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, TD Cowen lowered their price objective on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.00.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on Tuesday, November 25th. The stock was 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 of the company’s stock, valued at $1,516,184.71. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is owned by corporate insiders.

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.