Sanctuary Advisors LLC Makes New $3.33 Million Investment in Microchip Technology Incorporated $MCHP

Sanctuary Advisors LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 36,497 shares of the semiconductor company’s stock, valued at approximately $3,329,000.

Several other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC bought a new position in Microchip Technology in the 2nd quarter valued at approximately $30,000. Johnson Financial Group Inc. bought a new stake in Microchip Technology during the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. bought a new stake in Microchip Technology during the 2nd quarter worth approximately $34,000. EFG International AG acquired a new position in Microchip Technology in the 4th quarter valued at approximately $29,000. Finally, Miller Capital Partners Inc. bought a new position in shares of Microchip Technology during the fourth quarter valued at $29,000. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on MCHP shares. Rosenblatt Securities reiterated a “buy” rating and set a $120.00 price target on shares of Microchip Technology in a report on Friday, August 7th. Needham & Company LLC increased their price objective on Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. raised their target price on Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Citigroup cut their target price on Microchip Technology from $113.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Susquehanna upped their price target on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.67.

Insiders Place Their Bets

In related news, Director Matthew W. Chapman sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $97.52, for a total transaction of $292,560.00. Following the sale, the director owned 17,665 shares in the company, valued at $1,722,690.80. This represents a 14.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Richard J. Simoncic sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $97.52, for a total value of $487,600.00. Following the sale, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This represents a 3.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 8,837 shares of company stock worth $847,338. Company insiders own 1.79% of the company’s stock.

Microchip Technology Stock Down 1.0%

Shares of NASDAQ MCHP opened at $73.50 on Wednesday. The company has a market capitalization of $39.91 billion, a P/E ratio of 109.70, a price-to-earnings-growth ratio of 0.52 and a beta of 1.76. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. The company’s 50 day moving average price is $83.33 and its 200-day moving average price is $81.46.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company posted $0.27 earnings per share. Microchip Technology’s revenue for the quarter was up 38.0% compared to the same quarter last year. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Equities analysts forecast that Microchip Technology Incorporated will post 3.16 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 24th. Microchip Technology’s dividend payout ratio (DPR) is presently 271.64%.

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.