Beverly Hills Private Wealth LLC Makes New Investment in Microchip Technology Incorporated $MCHP

Key Points

• Beverly Hills Private Wealth LLC has purchased 3,975 shares of Microchip Technology, valued at around $280,000, indicating a growing interest in the semiconductor sector.
• Multiple analysts have set varied price targets for Microchip Technology, with ratings ranging from "Strong Buy" to "Sell," showing mixed sentiment on the company’s stock performance.
• Microchip Technology recently reported earnings per share (EPS) of $0.27, exceeding estimates, despite a 13.3% revenue decline year-over-year, highlighting challenges in the current market environment.

Beverly Hills Private Wealth LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,975 shares of the semiconductor company's stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Microchip Technology by 0.6% in the first quarter. Vanguard Group Inc. now owns 69,302,614 shares of the semiconductor company's stock worth $3,354,940,000 after purchasing an additional 390,269 shares during the last quarter. Invesco Ltd. increased its position in shares of Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock valued at $808,787,000 after purchasing an additional 6,459,123 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Microchip Technology by 0.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company's stock worth $805,087,000 after purchasing an additional 152,434 shares during the period. Boston Partners boosted its holdings in shares of Microchip Technology by 35.3% in the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock worth $517,082,000 after buying an additional 2,795,650 shares during the last quarter. Finally, Amundi grew its position in Microchip Technology by 22.7% during the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock valued at $484,743,000 after buying an additional 1,849,866 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MCHP has been the topic of several research reports. The Goldman Sachs Group began coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $88.00 price objective on the stock. TD Cowen decreased their price target on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Microchip Technology in a report on Wednesday, October 8th. Citigroup increased their price objective on Microchip Technology from $68.00 to $90.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Raymond James Financial raised their target price on Microchip Technology from $65.00 to $75.00 and gave the stock a "strong-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, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Microchip Technology has an average rating of "Moderate Buy" and a consensus target price of $75.75.

Microchip Technology Stock Up 0.7%

MCHP opened at $67.52 on Wednesday. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $79.44. The company has a market cap of $36.44 billion, a PE ratio of -198.59, a price-to-earnings-growth ratio of 1.92 and a beta of 1.55. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $65.37 and a 200 day moving average of $62.01.

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

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.7%. Microchip Technology's dividend payout ratio (DPR) is currently -535.29%.

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction dated 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 in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Microchip Technology Company 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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