Atticus Wealth Management LLC Acquires 17,906 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Atticus Wealth Management increased its Microchip Technology stake by 560.8% in the second quarter, buying 17,906 additional shares and ending with 21,099 shares valued at approximately $1.92 million. Institutional investors collectively own 91.51% of the company.
• Microchip reported quarterly EPS of $0.76, exceeding estimates of $0.70, while revenue rose 38% year over year to $1.48 billion. The company issued guidance for fiscal Q2 2027 EPS of $0.91–$0.95.
• The company declared a quarterly dividend of $0.455 per share, equivalent to an annualized $1.82 payout and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $98.67, though recent insider sales and some target cuts add caution.

Atticus Wealth Management LLC raised its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 560.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,099 shares of the semiconductor company's stock after buying an additional 17,906 shares during the period. Atticus Wealth Management LLC's holdings in Microchip Technology were worth $1,924,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Resonant Capital Advisors LLC grew its stake in Microchip Technology by 0.9% during the first quarter. Resonant Capital Advisors LLC now owns 12,542 shares of the semiconductor company's stock valued at $810,000 after acquiring an additional 118 shares in the last quarter. Apella Capital LLC boosted its holdings in shares of Microchip Technology by 4.8% during the 2nd quarter. Apella Capital LLC now owns 2,669 shares of the semiconductor company's stock valued at $225,000 after purchasing an additional 122 shares during the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Microchip Technology by 4.2% in the second quarter. Bridgewater Advisors Inc. now owns 3,331 shares of the semiconductor company's stock worth $304,000 after purchasing an additional 133 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Microchip Technology by 25.8% in the fourth quarter. MCF Advisors LLC now owns 659 shares of the semiconductor company's stock worth $42,000 after buying an additional 135 shares in the last quarter. Finally, Gagnon Securities LLC boosted its stake in Microchip Technology by 0.5% during the fourth quarter. Gagnon Securities LLC now owns 27,162 shares of the semiconductor company's stock valued at $1,731,000 after buying an additional 137 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Performance

MCHP opened at $71.41 on Wednesday. The firm's 50-day moving average price is $80.88 and its 200-day moving average price is $81.33. The company has a market cap of $38.78 billion, a P/E ratio of 106.58, a price-to-earnings-growth ratio of 0.51 and a beta of 1.75. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.06. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The business's quarterly revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. As a group, equities analysts anticipate that Microchip Technology Incorporated will post 3.16 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be paid a $0.455 dividend. The ex-dividend date is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. Microchip Technology's dividend payout ratio is presently 271.64%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MCHP. Needham & Company LLC increased their price objective on shares of Microchip Technology from $84.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $125.00 price objective on shares of Microchip Technology in a research note on Monday, August 17th. Zacks Research lowered Microchip Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, August 17th. Wells Fargo & Company cut their price target on shares of Microchip Technology from $95.00 to $88.00 and set an "equal weight" rating on the stock in a report on Monday, July 20th. Finally, Truist Financial reduced their price target on shares of Microchip Technology from $105.00 to $90.00 and set a "hold" rating on the stock in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Microchip Technology has an average rating of "Moderate Buy" and a consensus price target of $98.67.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,112 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares of the company's stock, valued at $2,152,118.36. This represents a 12.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $97.52, for a total transaction of $487,600.00. Following the transaction, the chief operating officer owned 130,508 shares of the company's stock, valued at approximately $12,727,140.16. This trade represents a 3.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,949 shares of company stock worth $864,493. Insiders own 1.79% of the company's stock.

Microchip Technology 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.

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