29,142 Shares of Microchip Technology Incorporated $MCHP Bought by Leelyn Smith LLC

Leelyn Smith LLC bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the third quarter, HoldingsChannel.com reports. The firm bought 29,142 shares of the semiconductor company’s stock, valued at approximately $2,266,000.

Several other institutional investors also recently modified their holdings of the stock. Apella Capital LLC increased its stake in shares of Microchip Technology by 4.8% in the 2nd quarter. Apella Capital LLC now owns 2,669 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 122 shares during the last quarter. Bridgewater Advisors Inc. boosted its stake in Microchip Technology by 4.2% during the 2nd quarter. Bridgewater Advisors Inc. now owns 3,331 shares of the semiconductor company’s stock worth $304,000 after acquiring an additional 133 shares during the last quarter. Total Wealth Planning & Management Inc. boosted its stake in Microchip Technology by 3.5% during the 2nd quarter. Total Wealth Planning & Management Inc. now owns 4,225 shares of the semiconductor company’s stock worth $385,000 after acquiring an additional 141 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in Microchip Technology by 2.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 7,513 shares of the semiconductor company’s stock worth $685,000 after acquiring an additional 144 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in Microchip Technology by 0.6% during the second quarter. Greenleaf Trust now owns 24,163 shares of the semiconductor company’s stock valued at $2,204,000 after purchasing an additional 151 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Price Performance

Shares of MCHP opened at $58.35 on Friday. The stock has a 50 day simple moving average of $74.85 and a 200 day simple moving average of $79.41. 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 firm has a market capitalization of $31.68 billion, a PE ratio of 44.20, a P/E/G ratio of 0.40 and a beta of 1.84.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Microchip Technology had a net margin of 14.96% and a return on equity of 20.45%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 42.2% on a year-over-year basis. Sell-side analysts predict that Microchip Technology Incorporated will post 3.20 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.4550 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 23rd. Microchip Technology’s dividend payout ratio is currently 271.64%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Bjornholt sold 4,112 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction 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 trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Microchip Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group reduced their price target on shares of Microchip Technology from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup decreased their price target on shares of Microchip Technology from $95.00 to $75.00 and set a “buy” rating for the company in a report on Friday. TD Cowen lowered their price objective on shares of Microchip Technology from $90.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, October 19th. Finally, Truist Financial dropped their price objective on Microchip Technology from $90.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.64.

Microchip Technology News Summary

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Fiscal Q2 EPS was $0.97 versus the $0.94 consensus, while revenue of $1.62 billion topped estimates and rose 42.2% year over year. Reports cited recovering industrial and data-center demand and improving margins as growth drivers. Zacks earnings report
• Positive Sentiment: Microchip declared a quarterly dividend of $0.455 per share, equivalent to $1.82 annually and a reported yield of about 3.2%. The dividend may appeal to income-focused investors.
• Neutral Sentiment: Several analysts still rate MCHP Buy or Overweight, and their revised targets remain above the cited $58.35 share price. However, the target reductions signal more cautious expectations.
• Negative Sentiment: Management’s fiscal Q3 outlook is a key concern: revenue is forecast to range from 3% below to 1% above Q2, with non-GAAP EPS of $0.87–$0.95. The midpoint was reported below consensus; supply constraints and rising costs could limit near-term growth. Benzinga analyst coverage
• Negative Sentiment: Analysts cut targets after the results, including Truist to $62 from $90 and Evercore ISI to $75 from $117. Citigroup lowered its target to $75 from $95 but kept a Buy rating; the broader reset in expectations may pressure shares despite generally higher remaining targets. Truist analyst recommendations Evercore ISI target update

About Microchip Technology