Krilogy Financial LLC Invests $434,000 in Microchip Technology Incorporated $MCHP

Krilogy Financial LLC bought a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,142 shares of the semiconductor company’s stock, valued at approximately $434,000.

A number of other large investors have also recently added to or reduced their stakes in MCHP. Advisors Asset Management Inc. lifted its position in shares of Microchip Technology by 16.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 153,654 shares of the semiconductor company’s stock valued at $9,868,000 after acquiring an additional 21,475 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Microchip Technology during the third quarter worth $487,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Microchip Technology by 8.5% during the third quarter. Stratos Wealth Partners LTD. now owns 7,562 shares of the semiconductor company’s stock valued at $486,000 after purchasing an additional 590 shares during the last quarter. Versor Investments LP acquired a new position in shares of Microchip Technology in the 3rd quarter valued at $963,000. Finally, Arista Wealth Management LLC purchased a new position in Microchip Technology in the 3rd quarter worth about $322,000. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the sale, the chief financial officer owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 121,615 shares of company stock valued at $9,641,654. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Stock Down 0.5%

MCHP stock opened at $78.56 on Monday. The company has a 50 day moving average of $71.71 and a two-hundred day moving average of $65.78. The company has a market cap of $42.51 billion, a price-to-earnings ratio of -270.90, a PEG ratio of 1.98 and a beta of 1.46. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

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

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

Analysts Set New Price Targets

A number of analysts have commented on MCHP shares. Truist Financial upped their price objective on shares of Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Friday, February 6th. TD Cowen cut their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Needham & Company LLC raised their price objective on shares of Microchip Technology from $77.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. UBS Group lifted 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 26th. Finally, Wells Fargo & Company increased their target price on Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average 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.