Microchip Technology Incorporated $MCHP Shares Acquired by Capital Analysts LLC

Key Points

• Capital Analysts LLC increased its holdings in Microchip Technology (NASDAQ: MCHP) by 7.7%, bringing their total shares to 57,457, worth approximately $2.78 million.
• Several analysts have raised their target prices for Microchip Technology, with estimates now ranging from $50.00 to $82.00 and an average target price of $76.58.
• Microchip Technology recently declared a quarterly dividend of $0.455 per share, with a yield of 2.7%, highlighting solid returns for shareholders.

Capital Analysts LLC raised its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,457 shares of the semiconductor company's stock after buying an additional 4,116 shares during the quarter. Capital Analysts LLC's holdings in Microchip Technology were worth $2,781,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Garde Capital Inc. purchased a new stake in shares of Microchip Technology in the first quarter valued at $30,000. Orion Capital Management LLC acquired a new position in Microchip Technology in the 4th quarter valued at about $41,000. Byrne Asset Management LLC purchased a new position in Microchip Technology in the 1st quarter valued at about $41,000. GW&K Investment Management LLC lifted its holdings in Microchip Technology by 161.0% in the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock valued at $45,000 after purchasing an additional 578 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in shares of Microchip Technology during the 1st quarter worth about $48,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC boosted their price target on Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus increased their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. UBS Group boosted 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. Rosenblatt Securities raised their target price on Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Truist Financial upped their price target on shares of Microchip Technology from $52.00 to $64.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. 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 stock. According to MarketBeat, Microchip Technology presently has a consensus rating of "Moderate Buy" and a consensus price target of $76.58.

Microchip Technology Stock Performance

MCHP stock traded up $3.04 during midday trading on Friday, reaching $69.14. The company had a trading volume of 12,427,539 shares, compared to its average volume of 9,231,423. The firm has a market capitalization of $37.31 billion, a PE ratio of -203.35, a P/E/G ratio of 2.00 and a beta of 1.55. The stock has a 50 day moving average price of $69.57 and a 200 day moving average price of $58.80. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $82.65. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly 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. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business posted $0.53 EPS. The business's revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.6%. Microchip Technology's payout ratio is -535.29%.

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.