CreativeOne Wealth LLC Buys 16,730 Shares of Microchip Technology Incorporated $MCHP

Key Points

• CreativeOne Wealth LLC increased its holdings in Microchip Technology by 58% in Q1, acquiring an additional 16,730 shares, bringing its total to 45,572 shares worth approximately $2.2 million.
• Wall Street analysts have widely positive sentiments on Microchip Technology, with price target upgrades from multiple firms, reflecting a consensus target price of $76.58 and a majority rating of "Buy."
• The company recently declared a quarterly dividend of $0.455 per share, representing an annualized yield of 2.8%; however, its current dividend payout ratio is significantly negative at -535.29%.

CreativeOne Wealth LLC increased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 58.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,572 shares of the semiconductor company's stock after acquiring an additional 16,730 shares during the period. CreativeOne Wealth LLC's holdings in Microchip Technology were worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Garde Capital Inc. acquired a new stake in shares of Microchip Technology during the 1st quarter worth approximately $30,000. Orion Capital Management LLC acquired a new stake in shares of Microchip Technology during the 4th quarter worth approximately $41,000. Byrne Asset Management LLC acquired a new stake in shares of Microchip Technology during the 1st quarter worth approximately $41,000. GW&K Investment Management LLC boosted its position in shares of 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 acquiring an additional 578 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in Microchip Technology in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Insiders Place Their Bets

In related news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction 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 owned 30,665 shares of the company's stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 transaction, the chief financial officer directly owned 30,010 shares of the company's stock, valued at $2,062,287.20. This represents a 19.69% 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 have weighed in on MCHP shares. Mizuho raised their target price on shares of Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Rosenblatt Securities raised their target price on shares of Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. B. Riley raised their target price on shares of Microchip Technology from $60.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Morgan Stanley raised their target price on shares of Microchip Technology from $39.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, TD Cowen cut their target price on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $76.58.

Microchip Technology Trading Down 2.1%

Shares of MCHP stock traded down $1.37 during trading hours on Tuesday, hitting $63.63. 3,757,382 shares of the company's stock traded hands, compared to its average volume of 10,342,758. The stock's 50 day simple moving average is $69.34 and its 200 day simple moving average is $59.39. The stock has a market cap of $34.34 billion, a PE ratio of -187.15, a price-to-earnings-growth ratio of 1.88 and a beta of 1.56. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $81.64. 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 released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company's revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is currently -535.29%.

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.