Wealth Enhancement Advisory Services LLC Cuts Holdings in Microchip Technology Incorporated $MCHP

Wealth Enhancement Advisory Services LLC decreased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 391,532 shares of the semiconductor company’s stock after selling 16,853 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Microchip Technology were worth $24,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in Microchip Technology by 1.4% in the fourth quarter. Nordea Investment Management AB now owns 53,503 shares of the semiconductor company’s stock valued at $3,436,000 after acquiring an additional 713 shares during the last quarter. Green Alpha Advisors LLC lifted its stake in Microchip Technology by 14.1% during the fourth quarter. Green Alpha Advisors LLC now owns 8,599 shares of the semiconductor company’s stock worth $548,000 after purchasing an additional 1,060 shares during the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Microchip Technology in the 4th quarter worth about $38,000. GoalVest Advisory LLC boosted its holdings in shares of Microchip Technology by 174.0% in the 4th quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Microchip Technology by 3.0% during the 3rd quarter. Allworth Financial LP now owns 8,058 shares of the semiconductor company’s stock valued at $517,000 after purchasing an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.94% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MCHP. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Cantor Fitzgerald boosted their price objective on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. KeyCorp reaffirmed an “overweight” rating and set a $85.00 target price on shares of Microchip Technology in a report on Friday, February 6th. Mizuho boosted their price target on shares of Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Finally, Susquehanna raised their price objective on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Microchip Technology Stock Up 2.0%

Shares of Microchip Technology stock opened at $65.63 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The company’s 50 day moving average price is $72.95 and its 200-day moving average price is $66.59. The stock has a market capitalization of $35.52 billion, a price-to-earnings ratio of -226.31, a P/E/G ratio of 1.62 and a beta of 1.45.

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

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology’s dividend payout ratio is presently -627.59%.

Microchip Technology 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.