Microchip Technology Incorporated $MCHP Holdings Raised by Godsey & Gibb Inc.

Godsey & Gibb Inc. boosted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,704 shares of the semiconductor company’s stock after acquiring an additional 7,155 shares during the quarter. Microchip Technology accounts for about 1.6% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 24th largest holding. Godsey & Gibb Inc.’s holdings in Microchip Technology were worth $23,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its stake in shares of Microchip Technology by 14.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 5,036 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 624 shares during the period. Krilogy Financial LLC grew its holdings in shares of Microchip Technology by 23.1% in the third quarter. Krilogy Financial LLC now owns 12,118 shares of the semiconductor company’s stock worth $895,000 after purchasing an additional 2,276 shares during the last quarter. Accel Wealth Management grew its holdings in shares of Microchip Technology by 16.8% in the third quarter. Accel Wealth Management now owns 4,445 shares of the semiconductor company’s stock worth $346,000 after purchasing an additional 639 shares during the last quarter. Sax Wealth Advisors LLC purchased a new position in shares of Microchip Technology in the third quarter worth $260,000. Finally, GK Wealth Management LLC purchased a new position in shares of Microchip Technology in the third quarter worth $29,000. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Microchip Technology news, CFO James Bjornholt sold 4,112 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares in the company, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.79% of the company’s stock.

Microchip Technology Price Performance

MCHP opened at $71.25 on Thursday. 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 stock has a market capitalization of $38.69 billion, a PE ratio of 106.34, a price-to-earnings-growth ratio of 0.52 and a beta of 1.77. The stock’s 50 day moving average price is $75.76 and its 200-day moving average price is $82.41. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was up 38.0% on a year-over-year basis. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, equities research analysts predict that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were issued a $0.4550 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.82 annualized dividend and a yield of 2.6%. Microchip Technology’s dividend payout ratio is 271.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. 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. UBS Group reissued a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a report on Friday, August 7th. Weiss Ratings raised shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Wells Fargo & Company decreased their price objective on shares of Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th. Finally, TD Cowen lowered their price objective on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.67.

About Microchip Technology

Microchip Technology Inc is a semiconductor company that develops and manufactures embedded control solutions for automotive, industrial, aerospace and defense, communications, consumer, and computing applications. Its products are designed to help customers manage processing, connectivity, power, timing, security, and data storage within electronic systems.

The company’s product portfolio includes microcontrollers, microprocessors, analog and mixed-signal devices, power-management products, timing and synchronization solutions, memory products, connectivity components, and field-programmable gate arrays.