IFG Advisory LLC Takes Position in Microchip Technology Incorporated $MCHP

IFG Advisory LLC acquired a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,797 shares of the semiconductor company’s stock, valued at approximately $267,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MCF Advisors LLC boosted its stake 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 valued at $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 valued at approximately $39,000. Painted Porch Advisors LLC acquired a new stake in Microchip Technology during the 2nd quarter worth approximately $40,000. Capital Advisors Ltd. LLC boosted its position in Microchip Technology by 115.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock worth $58,000 after buying an additional 441 shares during the period. Finally, WPG Advisers LLC bought a new stake in Microchip Technology during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the director directly 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 disclosure for this sale is available in the SEC filing. 1.94% of the stock is owned by corporate insiders.

Microchip Technology Trading Down 0.0%

Shares of MCHP stock opened at $62.41 on Tuesday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock has a 50 day simple moving average of $64.82 and a two-hundred day simple moving average of $63.87. The company has a market cap of $33.68 billion, a P/E ratio of -183.56, a PEG ratio of 1.79 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.9%. Microchip Technology’s dividend payout ratio is currently -535.29%.

Analyst Ratings Changes

MCHP has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on shares of Microchip Technology in a research note on Monday, September 15th. They set an “equal weight” rating and a $60.00 price target for the company. Raymond James Financial raised their target price on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Susquehanna upped their price target on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, KeyCorp lifted their price objective on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and an average price target of $75.75.

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.