Cooper Financial Group Sells 541 Shares of Microchip Technology Incorporated $MCHP

Cooper Financial Group lessened its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 11.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,211 shares of the semiconductor company’s stock after selling 541 shares during the quarter. Cooper Financial Group’s holdings in Microchip Technology were worth $296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MCF Advisors LLC raised its stake in Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares in the last quarter. Carderock Capital Management Inc. acquired a new position in Microchip Technology in the second quarter valued at about $39,000. Painted Porch Advisors LLC acquired a new position in Microchip Technology in the second quarter valued at about $40,000. Garde Capital Inc. acquired a new position in Microchip Technology in the first quarter valued at about $30,000. Finally, WPG Advisers LLC acquired a new position in Microchip Technology in the first quarter valued at about $40,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MCHP shares. Raymond James Financial boosted their price target on Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. Mizuho increased their target price on shares of Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Citigroup increased their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Finally, Wells Fargo & Company began coverage on shares of Microchip Technology in a report on Monday, September 15th. They issued an “equal weight” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.75.

Insider Buying and Selling

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $66.13 on Friday. The company has a market capitalization of $35.69 billion, a PE ratio of -194.50, a P/E/G ratio of 1.84 and a beta of 1.55. The company has a 50 day simple moving average of $65.72 and a two-hundred day simple moving average of $60.49. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.53.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. 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 announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio is currently -535.29%.

Microchip Technology Profile

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.