Green Alpha Advisors LLC Makes New $739,000 Investment in Microchip Technology Incorporated $MCHP

Green Alpha Advisors LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, HoldingsChannel reports. The fund bought 8,102 shares of the semiconductor company’s stock, valued at approximately $739,000.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Microchip Technology in the 4th quarter worth $664,564,000. Barclays PLC boosted its position in shares of Microchip Technology by 66.5% during the fourth quarter. Barclays PLC now owns 13,996,883 shares of the semiconductor company’s stock valued at $891,881,000 after buying an additional 5,590,210 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in Microchip Technology by 41.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock worth $436,559,000 after buying an additional 1,803,945 shares in the last quarter. Ameriprise Financial Inc. raised its position in Microchip Technology by 255.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,135,140 shares of the semiconductor company’s stock worth $150,271,000 after buying an additional 1,534,829 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new position in Microchip Technology in the 2nd quarter worth about $101,359,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $76.08 on Friday. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $84.29 and its two-hundred day simple moving average is $81.49. The company has a market cap of $41.31 billion, a price-to-earnings ratio of 113.55, a PEG ratio of 0.53 and a beta of 1.76.

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

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. Microchip Technology’s payout ratio is 271.64%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MCHP shares. BMO Capital Markets began coverage on shares of Microchip Technology in a report on Friday. They issued an “outperform” rating and a $95.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $120.00 target price on shares of Microchip Technology in a research report on Friday, August 7th. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Truist Financial dropped their price target on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and an average price target of $98.67.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 837 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $80.26, for a total value of $67,177.62. Following the transaction, the chief financial officer owned 30,960 shares of the company’s stock, valued at $2,484,849.60. This trade represents a 2.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 transaction of $487,600.00. Following the transaction, the chief operating officer directly owned 130,508 shares in the company, valued at approximately $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 8,837 shares of company stock worth $847,338. Insiders own 1.79% of the company’s stock.

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.