Coldstream Capital Management Inc. Lowers Position in Microchip Technology Incorporated $MCHP

Coldstream Capital Management Inc. lowered its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 29.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,156 shares of the semiconductor company’s stock after selling 5,420 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Microchip Technology were worth $838,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Winnow Wealth LLC purchased a new stake in shares of Microchip Technology in the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in shares of Microchip Technology in the 3rd quarter valued at about $28,000. GoalVest Advisory LLC raised 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 valued at $35,000 after acquiring an additional 348 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in shares of Microchip Technology in the 4th quarter valued at about $38,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Microchip Technology in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

MCHP has been the topic of several recent research reports. Mizuho increased their price objective on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. Finally, Rosenblatt Securities increased their price objective on Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.52.

Insider Buying and Selling

In related news, COO Richard J. Simoncic sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $93.44, for a total transaction of $467,200.00. Following the transaction, the chief operating officer directly owned 135,508 shares in the company, valued at $12,661,867.52. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $95.48, for a total value of $954,800.00. Following the completion of the sale, the director owned 20,665 shares in the company, valued at approximately $1,973,094.20. This represents a 32.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 545,302 shares of company stock valued at $48,893,475 in the last 90 days. 1.94% of the stock is owned by insiders.

Key Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip is being highlighted as a beneficiary of the AI and data-center buildout, with commentary pointing to strong customer engagement and improving operating leverage after its recent quarterly report. Microchip Technology Incorporated (MCHP) Capitalizes on Data Center and AI Boom
• Positive Sentiment: The company launched 3.3 kV HV-D3 mSiC power modules aimed at AI hyperscale data centers, a move that could strengthen its position in high-growth power infrastructure for AI. AI Chips Today – Transforming Power: Microchip’s Silicon Carbide Modules Revolutionize Efficiency
• Positive Sentiment: Technical traders are viewing MCHP favorably after the stock moved above its 20-day moving average, which is often seen as a short-term bullish signal. Microchip Technology (MCHP) Recently Broke Out Above the 20-Day Moving Average
• Positive Sentiment: Analyst sentiment remains constructive after the May 7 earnings beat, with multiple firms lifting price targets and the stock now viewed as a possible beneficiary of renewed semiconductor demand. Micron Hits a $1 Trillion Valuation: What’s Next?

Microchip Technology Price Performance

MCHP opened at $96.85 on Thursday. The stock’s 50 day simple moving average is $80.81 and its 200 day simple moving average is $72.37. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The firm has a market cap of $52.50 billion, a price-to-earnings ratio of 461.21, a PEG ratio of 1.03 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company 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. As a group, analysts predict that Microchip Technology Incorporated will post 2.58 earnings per share for the current year.

Microchip Technology Announces Dividend

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

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.