Microchip Technology Incorporated $MCHP Shares Purchased by Brasada Capital Management LP

Key Points

• Brasada Capital Management LP increased its stake in Microchip Technology by 15.5%, now holding shares worth approximately $3.14 million after acquiring 8,683 additional shares in the first quarter.
• Several institutional investors substantially raised their stakes in Microchip Technology during the same period, with **Harber Asset Management LLC** increasing its stake by 18.1% and **Evergreen Capital Management LLC** by 91.1%.
• Microchip Technology has set its Q2 2026 earnings guidance at 0.340-0.370 EPS, amidst a revenue decline of 13.3% year-over-year and a recently declared quarterly dividend of $0.455 per share.

Brasada Capital Management LP increased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 15.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,829 shares of the semiconductor company's stock after purchasing an additional 8,683 shares during the period. Brasada Capital Management LP's holdings in Microchip Technology were worth $3,138,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new stake in Microchip Technology during the 1st quarter worth $30,000. Orion Capital Management LLC acquired a new stake in Microchip Technology during the 4th quarter worth $41,000. WPG Advisers LLC acquired a new stake in Microchip Technology during the 1st quarter worth $40,000. Byrne Asset Management LLC acquired a new stake in Microchip Technology during the 1st quarter worth $41,000. Finally, GW&K Investment Management LLC boosted its stake in Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock worth $45,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Microchip Technology Stock Performance

Shares of MCHP stock traded down $0.25 during mid-day trading on Monday, hitting $65.00. The stock had a trading volume of 9,209,632 shares, compared to its average volume of 9,431,667. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $82.65. The firm has a market cap of $35.08 billion, a PE ratio of -191.18, a PEG ratio of 1.88 and a beta of 1.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The company's 50-day simple moving average is $69.34 and its 200-day simple moving average is $59.39.

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

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a $0.455 dividend. The ex-dividend date is Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology's dividend payout ratio (DPR) is -535.29%.

Insider Activity

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the sale, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew W. Chapman sold 10,000 shares of the firm's stock in a transaction dated 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 trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in 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 note on Thursday, June 12th. Morgan Stanley increased their price target on shares of Microchip Technology from $39.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Rosenblatt Securities raised their target price on shares of Microchip Technology from $63.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. TD Cowen reduced their target price 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. Finally, Needham & Company LLC raised their target price on shares of Microchip Technology from $66.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $76.58.

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.