Blair William & Co. IL Reduces Stake in Microchip Technology Incorporated $MCHP

Key Points

• Blair William & Co. IL has reduced its stake in Microchip Technology by 17.5%, owning 232,085 shares worth approximately $16.3 million after selling 49,381 shares during the 2nd quarter.
• Microchip Technology has reported a 13.3% decline in year-over-year revenue, with Q2 earnings of $0.27 per share, surpassing estimates of $0.24.
• The company has announced a quarterly dividend of $0.455 per share, reflecting an annualized yield of 3.0%, despite a negative dividend payout ratio of -535.29%.

Blair William & Co. IL lessened its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,085 shares of the semiconductor company's stock after selling 49,381 shares during the period. Blair William & Co. IL's holdings in Microchip Technology were worth $16,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Microchip Technology by 24.0% during the first quarter. Farther Finance Advisors LLC now owns 3,685 shares of the semiconductor company's stock worth $179,000 after purchasing an additional 713 shares in the last quarter. Yousif Capital Management LLC grew its position in shares of Microchip Technology by 8.6% in the 1st quarter. Yousif Capital Management LLC now owns 79,391 shares of the semiconductor company's stock valued at $3,843,000 after buying an additional 6,316 shares during the last quarter. GAMMA Investing LLC raised its stake in Microchip Technology by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company's stock worth $480,000 after acquiring an additional 4,252 shares in the last quarter. Integrated Advisors Network LLC lifted its position in Microchip Technology by 8.9% in the first quarter. Integrated Advisors Network LLC now owns 9,119 shares of the semiconductor company's stock valued at $441,000 after acquiring an additional 746 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in Microchip Technology by 106.5% in the first quarter. GPS Wealth Strategies Group LLC now owns 1,939 shares of the semiconductor company's stock valued at $94,000 after acquiring an additional 1,000 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Stock Down 8.3%

MCHP opened at $60.41 on Friday. 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 12 month low of $34.13 and a 12 month high of $79.44. The stock has a market capitalization of $32.60 billion, a P/E ratio of -177.68, a P/E/G ratio of 1.89 and a beta of 1.55. The business has a 50 day simple moving average of $65.26 and a 200-day simple moving average of $61.00.

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 (EPS) for the quarter, topping 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 positive return on equity of 6.24% and a negative net margin of 3.50%.Microchip Technology's revenue was down 13.3% compared to the same quarter last year. 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, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 22nd. Microchip Technology's dividend payout ratio is presently -535.29%.

Analyst Ratings Changes

MCHP has been the topic of a number of research analyst reports. Zacks Research cut Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. UBS Group lifted their price target on Microchip Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Needham & Company LLC increased their price objective on Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a report on Friday, August 8th. Mizuho lifted their target price on shares of Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Finally, Cantor Fitzgerald assumed coverage on shares of Microchip Technology in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $70.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Microchip Technology has a consensus rating of "Moderate Buy" and an average price target of $75.75.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of 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 disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

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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