20,292 Shares in Microchip Technology Incorporated $MCHP Purchased by Shelton Wealth Management LLC

Key Points

• Shelton Wealth Management LLC acquired 20,292 shares of Microchip Technology for approximately $1.43 million, marking the firm's new position in the semiconductor company during the second quarter.
• Wall Street analysts are generally optimistic about Microchip Technology, with various firms raising their price targets, and the stock holding an average rating of "Moderate Buy" with a consensus price target of $75.75.
• Microchip Technology recently announced a quarterly dividend of $0.455 per share, reflecting an annualized yield of 2.8%, despite a negative net margin of 3.50% reported in their latest quarterly results.

Shelton Wealth Management LLC bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,292 shares of the semiconductor company's stock, valued at approximately $1,428,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCHP. Garde Capital Inc. purchased a new stake in Microchip Technology during the first quarter valued at $30,000. Carderock Capital Management Inc. purchased a new stake in Microchip Technology during the second quarter valued at $39,000. WPG Advisers LLC purchased a new stake in Microchip Technology during the first quarter valued at $40,000. Byrne Asset Management LLC purchased a new stake in Microchip Technology during the first quarter valued at $41,000. Finally, GW&K Investment Management LLC raised its stake in shares of Microchip Technology by 161.0% in the first quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 578 shares during the period. Institutional investors own 91.51% of the company's stock.

Insiders Place Their Bets

In other news, Director Matthew W. Chapman sold 10,000 shares of the company'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 completion of the sale, the director owned 30,665 shares of the company's stock, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the company's 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 directly owned 30,010 shares of the company's stock, valued at $2,062,287.20. The trade was a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MCHP shares. Citigroup increased their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Wall Street Zen upgraded shares of Microchip Technology from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Stifel Nicolaus upped their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company began coverage on shares of Microchip Technology in a report on Monday, September 15th. They issued an "equal weight" rating and a $60.00 price target on the stock. Finally, Needham & Company LLC raised their target price on shares of Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $75.75.

Microchip Technology Stock Performance

Shares of NASDAQ:MCHP traded down $0.04 during midday trading on Tuesday, reaching $65.36. The company's stock had a trading volume of 1,467,184 shares, compared to its average volume of 10,091,299. The firm has a market capitalization of $35.28 billion, a PE ratio of -192.09, a P/E/G ratio of 1.87 and a beta of 1.56. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $81.64. The stock has a fifty day moving average of $67.03 and a 200 day moving average of $59.94. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders 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 of this dividend was Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is presently -535.29%.

Microchip Technology 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.