Callan Family Office LLC Raises Stake in Microchip Technology Incorporated $MCHP

Key Points

• Callan Family Office LLC significantly increased its stake in Microchip Technology, raising holdings by 226.2% to a total of 110,828 shares, valued at approximately $7.8 million.
• Wall Street analysts have shown optimism for Microchip Technology, with several increasing their price targets, including Evercore ISI raising its target from $69.00 to $83.00 and UBS Group boosting it from $65.00 to $85.00.
• The company recently declared a quarterly dividend of $0.455 per share, translating to an annual yield of 2.8%, despite a high dividend payout ratio of -535.29%.

Callan Family Office LLC grew its holdings in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 226.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,828 shares of the semiconductor company's stock after purchasing an additional 76,852 shares during the period. Callan Family Office LLC's holdings in Microchip Technology were worth $7,799,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new position in Microchip Technology during the 1st quarter worth about $30,000. MCF Advisors LLC raised its position in shares of Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 321 shares in the last quarter. Carderock Capital Management Inc. acquired a new stake in shares of Microchip Technology during the 2nd quarter worth about $39,000. WPG Advisers LLC purchased a new position in Microchip Technology during the 1st quarter worth approximately $40,000. Finally, Painted Porch Advisors LLC purchased a new position in Microchip Technology during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Evercore ISI raised their price target on Microchip Technology from $69.00 to $83.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. UBS Group upped their target price on Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Truist Financial boosted their price target on Microchip Technology from $52.00 to $64.00 and gave the company a "hold" rating in a research report on Wednesday, June 18th. Wells Fargo & Company started coverage on Microchip Technology in a research report on Monday, September 15th. They issued an "equal weight" rating and a $60.00 target price for the company. Finally, Raymond James Financial upped 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 assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Microchip Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.75.

Microchip Technology Stock Down 1.6%

Shares of Microchip Technology stock opened at $65.86 on Friday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.44. 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 stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of -193.71, a PEG ratio of 1.92 and a beta of 1.55. The business's 50 day simple moving average is $65.38 and its 200-day simple moving average is $60.94.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its earnings results 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 positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the firm earned $0.53 EPS. The firm's revenue 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. Equities research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

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

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares of the company's stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction 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 transaction, the director directly owned 30,665 shares of the company's stock, 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. Company insiders own 1.94% of the company's stock.

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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