Buttonwood Financial Advisors Inc. Has $5.02 Million Stake in Microchip Technology Incorporated $MCHP

Buttonwood Financial Advisors Inc. decreased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,762 shares of the semiconductor company’s stock after selling 14,665 shares during the quarter. Microchip Technology accounts for about 1.7% of Buttonwood Financial Advisors Inc.’s portfolio, making the stock its 16th largest position. Buttonwood Financial Advisors Inc.’s holdings in Microchip Technology were worth $5,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Argos Wealth Advisors LLC acquired a new position in Microchip Technology in the fourth quarter valued at about $221,000. TradeLink Capital LLC acquired a new position in Microchip Technology in the fourth quarter valued at about $285,000. Bailard Inc. lifted its stake in Microchip Technology by 1.4% in the fourth quarter. Bailard Inc. now owns 55,783 shares of the semiconductor company’s stock valued at $3,554,000 after buying an additional 787 shares during the period. AG2R LA Mondiale Gestion D Actifs lifted its stake in Microchip Technology by 11.9% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 24,626 shares of the semiconductor company’s stock valued at $1,569,000 after buying an additional 2,626 shares during the period. Finally, Nicholas Company Inc. lifted its stake in Microchip Technology by 1.9% in the fourth quarter. Nicholas Company Inc. now owns 403,707 shares of the semiconductor company’s stock valued at $25,724,000 after buying an additional 7,525 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In related news, CEO Steve Sanghi sold 76,469 shares of Microchip Technology stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.58, for a total value of $7,155,969.02. Following the sale, the chief executive officer owned 9,385,834 shares of the company’s stock, valued at approximately $878,326,345.72. This trade represents a 0.81% decrease in their position. The sale 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. Over the last quarter, insiders sold 526,552 shares of company stock valued at $47,130,465. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MCHP has been the topic of a number of research analyst reports. Barclays raised their price target on Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Mizuho raised their price target on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Truist Financial raised their price target on Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average target price of $96.43.

Microchip Technology Stock Down 1.3%

Shares of Microchip Technology stock opened at $97.70 on Wednesday. The business’s 50 day simple moving average is $74.68 and its 200 day simple moving average is $69.88. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91. The firm has a market cap of $52.87 billion, a PE ratio of 465.26, a P/E/G ratio of 1.26 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm earned $0.11 EPS. Microchip Technology’s revenue for the quarter was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, analysts predict that Microchip Technology Incorporated will post 2.14 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is currently 866.67%.

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.