Hillman Capital Management Inc. Has $350,000 Stock Holdings in Microchip Technology Incorporated $MCHP

Hillman Capital Management Inc. trimmed its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 89.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,450 shares of the semiconductor company’s stock after selling 44,086 shares during the quarter. Hillman Capital Management Inc.’s holdings in Microchip Technology were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $473,320,000. Dodge & Cox raised its holdings in shares of Microchip Technology by 958.4% during the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock worth $446,132,000 after buying an additional 5,740,827 shares in the last quarter. Boston Partners raised its holdings in shares of Microchip Technology by 38.2% during the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after buying an additional 4,101,034 shares in the last quarter. State Street Corp lifted its position in shares of Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after buying an additional 2,489,258 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Microchip Technology by 25.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock valued at $709,506,000 after buying an additional 2,257,932 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Trading Down 1.3%

Shares of MCHP stock opened at $61.94 on Monday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $83.35. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The stock has a market cap of $33.52 billion, a price-to-earnings ratio of -213.59, a PEG ratio of 1.56 and a beta of 1.45. The stock has a 50-day moving average of $74.21 and a 200-day moving average of $66.61.

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

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a $0.455 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.9%. Microchip Technology’s payout ratio is -627.59%.

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MCHP shares. Wells Fargo & Company lifted their target price on Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Susquehanna lifted their price target on shares of Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. B. Riley Financial upped their price objective on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Barclays initiated coverage on shares of Microchip Technology in a research report on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.00.

About Microchip Technology

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.