Microchip Technology Incorporated $MCHP Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 723,838 shares of the semiconductor company’s stock after selling 44,394 shares during the period. Stephens Investment Management Group LLC’s holdings in Microchip Technology were worth $46,485,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC boosted its position 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 purchasing an additional 321 shares in the last quarter. Salomon & Ludwin LLC grew its stake in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares during the last quarter. Quent Capital LLC purchased a new position in Microchip Technology during the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in Microchip Technology by 106.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 267 shares during the last quarter. Finally, Carderock Capital Management Inc. acquired a new position in Microchip Technology during the second quarter worth about $39,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Stock Up 0.3%

Shares of NASDAQ:MCHP opened at $74.70 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The firm has a market cap of $40.37 billion, a price-to-earnings ratio of -166.00, a PEG ratio of 2.24 and a beta of 1.46. The stock’s 50-day moving average price is $62.83 and its two-hundred day moving average price is $65.29. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $77.20.

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

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction 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 owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Piper Sandler raised their price objective on shares of Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday. B. Riley upped their price objective on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Susquehanna reduced their target price 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. Finally, Wolfe Research set a $85.00 price target on shares of Microchip Technology in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.38.

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.