Corient Private Wealth LLC Cuts Holdings in Microchip Technology Incorporated $MCHP

Key Points

• Corient Private Wealth LLC reduced its Microchip Technology stake by 23.9% in the fourth quarter, selling 247,319 shares and leaving it with 786,317 shares valued at about $50.4 million.
• Microchip’s latest earnings report came in ahead of expectations, with EPS of $0.57 versus $0.50 expected and revenue of $1.31 billion, up 35.1% year over year. Management also cited improving bookings and inventory normalization as signs of a recovery.
• Analysts remain broadly positive on the stock, with multiple firms raising ratings or price targets and the consensus view at Moderate Buy. The shares also traded near recent highs, supported by upbeat product news and short-term technical momentum.

Corient Private Wealth LLC trimmed its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 786,317 shares of the semiconductor company's stock after selling 247,319 shares during the quarter. Corient Private Wealth LLC owned about 0.15% of Microchip Technology worth $50,446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MCHP. EFG International AG purchased a new position in Microchip Technology during the 4th quarter valued at approximately $29,000. Miller Capital Partners Inc. purchased a new stake in shares of Microchip Technology during the 4th quarter worth approximately $29,000. Reflection Asset Management bought a new position in shares of Microchip Technology during the 4th quarter valued at approximately $33,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Microchip Technology during the 4th quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Microchip Technology by 4,663.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 513 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip’s recent earnings update showed revenue and EPS above expectations, with management pointing to improving bookings, stronger visibility, and continued inventory normalization — all signs that the demand rebound is sticking. Microchip (MCHP) Releases TimePictra 12 for Advanced Synchronization Management
• Positive Sentiment: Investor enthusiasm is also being helped by Microchip’s TimePictra 12 release and new connectivity products aimed at telecom, data centers, and critical infrastructure, which could support future growth in higher-value markets. Microchip (MCHP) Releases TimePictra 12 for Advanced Synchronization Management
• Positive Sentiment: Technical traders are also viewing the stock favorably after MCHP moved above its 20-day moving average, which can reinforce short-term bullish momentum. Microchip Technology (MCHP) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Positive Sentiment: Analyst sentiment remains supportive, with several firms rating the stock Buy or Overweight and recent price targets clustering above current levels, reinforcing the recovery narrative. Here's Why Microchip Technology (MCHP) Is a Great Momentum Stock to Buy
• Neutral Sentiment: Broader market commentary highlighted strength in chips and AI-related names, which is helping lift sentiment across the semiconductor group, including MCHP. Dow Jones Futures: Nvidia Leads 5 Chips Near Buy Points; SpaceX Stock Needs This
• Negative Sentiment: One cautionary note: insider activity over the past several months has skewed entirely toward selling, which may temper some enthusiasm despite the improving fundamentals.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $125.00 price target on shares of Microchip Technology in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Microchip Technology from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of Microchip Technology from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 12th. Citigroup boosted their target price on shares of Microchip Technology from $91.00 to $113.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Finally, Susquehanna increased their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the company a "positive" rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $98.18.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $99.77 on Monday. The firm has a market capitalization of $54.08 billion, a PE ratio of 475.12, a PEG ratio of 1.04 and a beta of 1.73. The stock's fifty day moving average is $90.91 and its 200 day moving average is $77.38. Microchip Technology Incorporated has a fifty-two week low of $48.52 and a fifty-two week high of $105.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Microchip Technology's quarterly revenue was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts anticipate that Microchip Technology Incorporated will post 2.59 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology's dividend payout ratio is 866.67%.

Insider Activity

In other news, COO Richard J. Simoncic sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $97.52, for a total transaction of $487,600.00. Following the transaction, the chief operating officer owned 130,508 shares of the company's stock, valued at approximately $12,727,140.16. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew W. Chapman sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $97.52, for a total value of $292,560.00. Following the transaction, the director directly owned 17,665 shares in the company, valued at approximately $1,722,690.80. This represents a 14.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 553,302 shares of company stock valued at $49,673,635. Company insiders own 1.94% of the company's stock.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip's products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.

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