Wisconsin Capital Management LLC Cuts Stock Position in Microchip Technology Incorporated $MCHP

Wisconsin Capital Management LLC cut its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 35.7% in the fourth quarter, HoldingsChannel reports. The firm owned 27,531 shares of the semiconductor company’s stock after selling 15,279 shares during the quarter. Microchip Technology accounts for 0.9% of Wisconsin Capital Management LLC’s portfolio, making the stock its 28th largest position. Wisconsin Capital Management LLC’s holdings in Microchip Technology were worth $1,754,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Winnow Wealth LLC purchased a new position in shares of Microchip Technology in the third quarter valued at $25,000. Root Financial Partners LLC purchased a new position in shares of Microchip Technology in the third quarter valued at $28,000. Quent Capital LLC purchased a new position in shares of Microchip Technology in the third quarter valued at $32,000. GoalVest Advisory LLC grew its holdings in shares of Microchip Technology by 174.0% in the fourth quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in Microchip Technology in the fourth quarter worth $38,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 76,469 shares of Microchip Technology stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the sale, the chief executive officer directly owned 9,385,834 shares in the company, valued at approximately $878,326,345.72. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 526,552 shares of company stock worth $47,130,465 in the last ninety days. 1.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MCHP shares. Rosenblatt Securities raised their price target on Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Susquehanna raised their price target on Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Mizuho raised their price target on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Weiss Ratings downgraded Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $125.00 price target on shares of Microchip Technology in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.52.

Key Stories Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip launched the EX-423 Evacuated Miniature Crystal Oscillator, a rugged low-power timing solution aimed at high-reliability markets such as GPS/GNSS, military radios, medical devices, seismic systems, and satellite communications. The new product broadens Microchip’s timing portfolio and could support longer-term growth in mission-critical applications. Article Title
• Positive Sentiment: Zacks Research upgraded Microchip Technology from “hold” to “strong-buy,” which can improve investor sentiment by reinforcing a more bullish view on the stock. Article Title
• Positive Sentiment: Cantor Fitzgerald reaffirmed its overweight rating on Microchip, adding to the constructive analyst tone around the name. Article Title
• Positive Sentiment: One report said Microchip’s price target was increased by 29.69% to $115.23, suggesting Wall Street sees additional upside from current levels. Article Title
• Neutral Sentiment: A market recap noted that Microchip stock underperformed some competitors on Wednesday, but the headline does not point to a new fundamental issue. Article Title
• Neutral Sentiment: Another article highlighted Microchip’s historical returns over the past decade, which is informative but unlikely to affect near-term trading. Article Title

Microchip Technology Price Performance

NASDAQ:MCHP opened at $93.85 on Monday. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The company has a market cap of $50.79 billion, a price-to-earnings ratio of 446.93, a price-to-earnings-growth ratio of 1.15 and a beta of 1.75. The stock has a fifty day simple moving average of $76.12 and a 200-day simple moving average of $70.55. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Analysts anticipate that Microchip Technology Incorporated will post 2.21 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is 866.67%.

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.