Police & Firemen s Retirement System of New Jersey Purchases 3,221 Shares of Microchip Technology Incorporated $MCHP

Police & Firemen s Retirement System of New Jersey boosted its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,341 shares of the semiconductor company’s stock after acquiring an additional 3,221 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Microchip Technology were worth $5,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MCF Advisors LLC increased its stake in shares of Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in Microchip Technology during the second quarter worth about $39,000. Painted Porch Advisors LLC bought a new position in shares of Microchip Technology in the second quarter worth about $40,000. Fourth Dimension Wealth LLC boosted its stake in shares of Microchip Technology by 98.7% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 298 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Microchip Technology by 115.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 441 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MCHP has been the topic of a number of research analyst reports. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wells Fargo & Company reduced their price objective on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Needham & Company LLC lowered their target price on Microchip Technology from $77.00 to $73.00 and set a “buy” rating for the company in a report on Friday, November 7th. Citigroup reduced their price target on Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, TD Cowen cut their target price on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology Stock Down 2.4%

Microchip Technology stock opened at $53.48 on Friday. The firm has a market cap of $28.90 billion, a price-to-earnings ratio of -157.29, a PEG ratio of 1.79 and a beta of 1.57. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-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 firm has a 50 day moving average price of $63.28 and a two-hundred day moving average price of $64.44.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company posted $0.46 earnings per share. Microchip Technology’s revenue for the quarter was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 3.4%. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 7,356 shares of the firm’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 transaction of $505,504.32. Following the completion of the sale, the chief financial officer owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 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.