Vestmark Advisory Solutions Inc. Trims Stock Holdings in Microchip Technology Incorporated $MCHP

Vestmark Advisory Solutions Inc. lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 76.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,482 shares of the semiconductor company’s stock after selling 17,412 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Microchip Technology were worth $352,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MCHP. Winnow Wealth LLC purchased a new stake in shares of Microchip Technology during the third quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in Microchip Technology during the third quarter worth approximately $28,000. Salomon & Ludwin LLC grew its stake in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC acquired a new position in Microchip Technology in the 3rd quarter valued at $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Microchip Technology by 106.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 267 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Trading Down 0.4%

Shares of MCHP stock opened at $74.64 on Friday. 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 Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $83.35. The firm’s 50 day moving average price is $73.81 and its two-hundred day moving average price is $66.57. The stock has a market cap of $40.39 billion, a price-to-earnings ratio of -257.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $0.20 earnings per share. The firm’s revenue 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, analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s payout ratio is presently -627.59%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of recent analyst reports. Susquehanna lifted their price objective on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. KeyCorp reissued an “overweight” rating and issued a $85.00 price target on shares of Microchip Technology in a research note on Friday, February 6th. Cantor Fitzgerald upped their price objective on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Argus raised shares of Microchip Technology to a “strong-buy” rating in a research report on Monday, February 9th. Finally, B. Riley Financial upped their price target 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 12th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.94% of the company’s stock.

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.