Microchip Technology Incorporated $MCHP Shares Bought by Dynamic Advisor Solutions LLC

Key Points

• Dynamic Advisor Solutions LLC increased its stake in Microchip Technology by 143.0% during the 2nd quarter, owning 32,169 shares valued at approximately $2.26 million.
• Microchip Technology reported earnings of $0.27 per share in its latest quarter, surpassing analysts' estimates, but showed a 13.3% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.455 per share, translating to an annual yield of 2.7%, despite a negative dividend payout ratio of -535.29%.

Dynamic Advisor Solutions LLC boosted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 143.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,169 shares of the semiconductor company's stock after buying an additional 18,931 shares during the period. Dynamic Advisor Solutions LLC's holdings in Microchip Technology were worth $2,264,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MCHP. First Citizens Bank & Trust Co. grew its stake 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 acquiring an additional 60,760 shares in the last quarter. Everhart Financial Group Inc. bought a new position in shares of Microchip Technology during the 1st quarter worth approximately $221,000. Czech National Bank grew its stake in shares of Microchip Technology by 6.1% during the 1st quarter. Czech National Bank now owns 123,528 shares of the semiconductor company's stock worth $5,980,000 after acquiring an additional 7,093 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Microchip Technology in the first quarter valued at $318,000. Finally, Toronto Dominion Bank grew its stake in shares of Microchip Technology by 3.5% in the fourth quarter. Toronto Dominion Bank now owns 308,684 shares of the semiconductor company's stock valued at $17,703,000 after buying an additional 10,560 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the firm's stock in a transaction on Monday, August 25th. The stock was 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 trade represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares of the company's stock, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Microchip Technology from $69.00 to $83.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. UBS Group raised their price target on Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a report on Monday, July 7th. Rosenblatt Securities raised their price target on Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a report on Friday, May 30th. TD Cowen dropped their target price on Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a report on Friday, August 8th. Finally, Raymond James Financial boosted their price target on Microchip Technology from $65.00 to $75.00 and gave the company a "strong-buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.75.

Microchip Technology Stock Down 1.7%

Microchip Technology stock traded down $1.11 during trading on Friday, hitting $65.15. 13,346,423 shares of the company were exchanged, compared to its average volume of 7,494,503. The company has a market capitalization of $35.16 billion, a P/E ratio of -191.62, a PEG ratio of 1.90 and a beta of 1.56. 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 business's 50 day moving average is $67.21 and its 200 day moving average is $59.89. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $81.64.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations 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. Analysts predict 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. Investors of record on Friday, August 22nd were given a dividend of $0.455 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology's payout ratio is currently -535.29%.

About Microchip Technology

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.