Quantum Financial Advisors LLC Buys Shares of 12,837 Microchip Technology Incorporated $MCHP

Quantum Financial Advisors LLC purchased a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the fourth quarter, Holdings Channel reports. The fund purchased 12,837 shares of the semiconductor company’s stock, valued at approximately $818,000.

A number of other hedge funds also recently made changes to their positions in the stock. Winnow Wealth LLC purchased a new position in Microchip Technology in the third quarter worth $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology during the third quarter worth about $28,000. Salomon & Ludwin LLC boosted its holdings in shares of Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Microchip Technology in the 3rd quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Microchip Technology by 106.8% during 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 purchasing an additional 267 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Trading Up 2.2%

Shares of MCHP opened at $64.34 on Tuesday. The stock has a market capitalization of $34.82 billion, a P/E ratio of -221.86, a PEG ratio of 1.59 and a beta of 1.45. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $73.12 and a two-hundred day simple moving average of $66.59.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MCHP shares. Susquehanna boosted their target price on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Rosenblatt Securities boosted their price objective on shares of Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Wall Street Zen cut shares of Microchip Technology from a “buy” rating to a “hold” rating in a research note on Monday. Mizuho lifted their target price on shares of Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Barclays started coverage on shares of Microchip Technology in a research report on Thursday, February 12th. They set an “equal weight” rating and a $80.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. The trade was 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 this hyperlink. Corporate insiders own 1.94% of the company’s stock.

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.