Capital Investment Advisors LLC Invests $313,000 in Microchip Technology Incorporated $MCHP

Key Points

• Capital Investment Advisors LLC invested approximately $313,000 in Microchip Technology, acquiring 4,450 shares during the 2nd quarter.
• Microchip Technology recently reported a quarterly earnings per share of $0.27, exceeding analysts' estimates of $0.24.
• The company has 91.51% of its stock owned by institutional investors and hedge funds, indicating strong institutional backing.

Capital Investment Advisors LLC acquired a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,450 shares of the semiconductor company's stock, valued at approximately $313,000.

Several other institutional investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. boosted its holdings in shares of Microchip Technology by 468.2% during the 1st quarter. First Citizens Bank & Trust Co. now owns 73,737 shares of the semiconductor company's stock worth $3,570,000 after buying an additional 60,760 shares during the period. Everhart Financial Group Inc. bought a new stake in shares of Microchip Technology during the 1st quarter worth about $221,000. Sowell Financial Services LLC bought a new stake in shares of Microchip Technology during the 1st quarter worth about $318,000. Thompson Investment Management Inc. boosted its holdings in shares of Microchip Technology by 9.9% during the 1st quarter. Thompson Investment Management Inc. now owns 91,016 shares of the semiconductor company's stock worth $4,406,000 after buying an additional 8,175 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Microchip Technology by 35.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,554 shares of the semiconductor company's stock worth $1,624,000 after buying an additional 8,843 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $66.54 on Friday. The company has a 50 day moving average of $65.67 and a 200-day moving average of $60.58. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.53. 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 market cap of $35.91 billion, a PE ratio of -195.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. The firm's quarterly 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. As a group, equities research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 22nd. Microchip Technology's dividend payout ratio is currently -535.29%.

Insider Buying and Selling

In related news, Director Matthew W. Chapman sold 10,000 shares of the company'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 transaction of $682,500.00. Following the completion of the transaction, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. This represents a 24.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $505,504.32. Following the transaction, the chief financial officer owned 30,010 shares of the company's stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on MCHP. Susquehanna lifted their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. 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 report on Friday, August 8th. UBS Group lifted their target price on shares of Microchip Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Mizuho boosted their price objective 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, Weiss Ratings reissued a "sell (d+)" rating on shares of Microchip Technology in a report on Saturday, September 27th. 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.com, Microchip Technology has a consensus rating of "Moderate Buy" and an average price target of $75.75.

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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