25,552 Shares in Microchip Technology Incorporated $MCHP Purchased by Investors Research Corp

Key Points

• Investors Research Corp acquired 25,552 shares of Microchip Technology, valued at approximately $1.798 million, indicating strong interest from institutional investors, which now own 91.51% of the stock.
• Analysts are generally optimistic about Microchip Technology, with firms like Evercore ISI and KeyCorp raising their price targets significantly, now ranging from $83.00 to $88.00 and labeling the stock as a "buy" or "outperform."
• In the recent earnings report, Microchip Technology posted a net margin of -3.50% despite reporting earnings per share of $0.27, surpassing estimates, but showing declining revenue of 13.3% year-over-year.

Investors Research Corp acquired a new stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,552 shares of the semiconductor company's stock, valued at approximately $1,798,000.

Other hedge funds also recently made changes to their positions in the company. Northwest Bank & Trust Co grew its position in Microchip Technology by 3.0% during the fourth quarter. Northwest Bank & Trust Co now owns 7,392 shares of the semiconductor company's stock worth $424,000 after buying an additional 217 shares in the last quarter. Clearstead Trust LLC increased its position in shares of Microchip Technology by 10.5% in the first quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company's stock worth $114,000 after purchasing an additional 224 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Microchip Technology by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 46,235 shares of the semiconductor company's stock valued at $2,238,000 after purchasing an additional 230 shares in the last quarter. Greenleaf Trust lifted its position in Microchip Technology by 1.0% during the first quarter. Greenleaf Trust now owns 24,933 shares of the semiconductor company's stock worth $1,207,000 after purchasing an additional 242 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its stake in Microchip Technology by 3.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 8,360 shares of the semiconductor company's stock worth $405,000 after buying an additional 276 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of Microchip Technology from $69.00 to $83.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Zacks Research lowered Microchip Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. KeyCorp upped their price objective on Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Stifel Nicolaus lifted their target price on Microchip Technology from $70.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group assumed coverage on shares of Microchip Technology in a report on Thursday, July 10th. They issued a "buy" rating and a $88.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Microchip Technology currently has an average rating of "Moderate Buy" and an average price target of $76.58.

Microchip Technology Stock Down 0.5%

Shares of NASDAQ MCHP opened at $64.70 on Friday. The company has a 50 day simple moving average of $68.12 and a 200 day simple moving average of $59.66. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $81.64. The firm has a market cap of $34.92 billion, a PE ratio of -190.29, a price-to-earnings-growth ratio of 1.86 and a beta of 1.56.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company's revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology's dividend payout ratio is presently -535.29%.

Insider Transactions at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director directly owned 30,665 shares of the company's stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the 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 sale, the chief financial officer directly owned 30,010 shares of the company's stock, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

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.

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