Vest Financial LLC Buys 8,475 Shares of Microchip Technology Incorporated $MCHP

Vest Financial LLC lifted its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 34.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 32,946 shares of the semiconductor company’s stock after purchasing an additional 8,475 shares during the period. Vest Financial LLC’s holdings in Microchip Technology were worth $2,116,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MCHP. Root Financial Partners LLC purchased a new stake in Microchip Technology during the 3rd quarter valued at $28,000. Salomon & Ludwin LLC increased its position in shares of Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC bought a new position in shares of Microchip Technology during the third quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Microchip Technology by 106.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. Finally, Fourth Dimension Wealth LLC boosted its holdings in shares of Microchip Technology by 98.7% during the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 298 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction dated 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 directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Microchip Technology stock opened at $75.47 on Friday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.50. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $40.79 billion, a P/E ratio of -167.71, a PEG ratio of 2.25 and a beta of 1.46. The stock’s 50 day moving average is $64.41 and its 200 day moving average is $65.36.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The company’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. On average, equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio is -404.44%.

Wall Street Analyst Weigh In

MCHP has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $60.00 price target (down previously from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Thursday. Wells Fargo & Company raised their price target on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. lifted their price target on shares of Microchip Technology from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Finally, TD Cowen decreased their price objective on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.82.

Microchip Technology Company Profile

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.