MSH Capital Advisors LLC Sells 770 Shares of Microchip Technology Incorporated $MCHP

MSH Capital Advisors LLC cut its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 17.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,770 shares of the semiconductor company’s stock after selling 770 shares during the quarter. MSH Capital Advisors LLC’s holdings in Microchip Technology were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Tectonic Advisors LLC grew its stake in shares of Microchip Technology by 10.6% during the 2nd quarter. Tectonic Advisors LLC now owns 8,897 shares of the semiconductor company’s stock valued at $626,000 after acquiring an additional 856 shares during the period. Maryland State Retirement & Pension System boosted its stake in Microchip Technology by 3.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 25,651 shares of the semiconductor company’s stock worth $1,805,000 after purchasing an additional 863 shares during the period. Optas LLC bought a new position in Microchip Technology in the 2nd quarter worth approximately $221,000. Gagnon Securities LLC boosted its stake in Microchip Technology by 20.3% in the 2nd quarter. Gagnon Securities LLC now owns 27,436 shares of the semiconductor company’s stock worth $1,931,000 after purchasing an additional 4,638 shares during the period. Finally, NBT Bank N A NY boosted its stake in Microchip Technology by 4.3% in the 2nd quarter. NBT Bank N A NY now owns 33,140 shares of the semiconductor company’s stock worth $2,332,000 after purchasing an additional 1,363 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microchip Technology

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Cowen dropped their price target on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, August 8th. Citigroup upped their price target on Microchip Technology from $68.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Needham & Company LLC upped their price target on Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. The Goldman Sachs Group assumed coverage on Microchip Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $88.00 price target for the company. Finally, Stifel Nicolaus upped their price target on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

Microchip Technology Stock Down 1.6%

Shares of MCHP opened at $65.86 on Friday. The stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of -193.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.55. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $79.44. The business’s 50 day simple moving average is $65.38 and its 200-day simple moving average is $60.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The business 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio is presently -535.29%.

Microchip Technology Company 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.