Microchip Technology Incorporated $MCHP Shares Sold by LRI Investments LLC

LRI Investments LLC lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 7.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,733 shares of the semiconductor company’s stock after selling 227 shares during the quarter. LRI Investments LLC’s holdings in Microchip Technology were worth $192,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MCHP. Mechanics Financial Corp grew its holdings in shares of Microchip Technology by 3.4% during the second quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 167 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in shares of Microchip Technology by 0.4% during the second quarter. Global X Japan Co. Ltd. now owns 45,705 shares of the semiconductor company’s stock valued at $3,216,000 after buying an additional 174 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Microchip Technology by 18.9% during the second quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock valued at $85,000 after buying an additional 192 shares in the last quarter. Grimes & Company Inc. grew its holdings in shares of Microchip Technology by 4.3% during the second quarter. Grimes & Company Inc. now owns 5,237 shares of the semiconductor company’s stock valued at $369,000 after buying an additional 217 shares in the last quarter. Finally, Clearstead Trust LLC grew its holdings in shares of Microchip Technology by 10.5% during the first quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $60.41 on Monday. The business has a 50 day moving average price of $65.26 and a 200 day moving average price of $61.13. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.44. The company has a market cap of $32.60 billion, a price-to-earnings ratio of -177.68, a PEG ratio of 1.73 and a beta of 1.55. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Research analysts predict 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 Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 3.0%. Microchip Technology’s dividend payout ratio is -535.29%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MCHP. The Goldman Sachs Group began coverage on Microchip Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $88.00 target price on the stock. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Susquehanna boosted their target price on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Wells Fargo & Company began coverage on Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

Insider Activity at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This represents a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This trade 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.

About Microchip Technology

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.