33,708 Shares in Microchip Technology Incorporated $MCHP Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 33,708 shares of the semiconductor company’s stock, valued at approximately $2,372,000.

Other large investors have also made changes to their positions in the company. MCF Advisors LLC grew its position in shares of Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 321 shares in the last quarter. Carderock Capital Management Inc. bought a new position in Microchip Technology in the 2nd quarter worth approximately $39,000. Painted Porch Advisors LLC purchased a new stake in Microchip Technology during the 2nd quarter valued at approximately $40,000. Fourth Dimension Wealth LLC raised its position in shares of Microchip Technology by 98.7% during the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 298 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Microchip Technology by 115.4% in the second quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock worth $58,000 after buying an additional 441 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MCHP. Truist Financial reaffirmed a “hold” rating and set a $60.00 target price (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Cantor Fitzgerald dropped their price objective on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 7th. TD Cowen reduced their target price on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Citigroup decreased their target price on Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Morgan Stanley raised their price target on Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.47.

Microchip Technology Price Performance

MCHP stock opened at $50.90 on Friday. The stock has a market cap of $27.51 billion, a PE ratio of -149.71, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a 50-day moving average price of $61.86 and a 200 day moving average price of $64.69. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $77.20. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company earned $0.46 EPS. Microchip Technology’s quarterly revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities research analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 3.6%. Microchip Technology’s dividend payout ratio is -404.44%.

About Microchip Technology

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.