Foster & Motley Inc. Has $1.44 Million Position in Microchip Technology Incorporated $MCHP

Key Points

• Foster & Motley Inc. reduced its holdings in Microchip Technology by 42.7% during the second quarter, now owning shares valued at $1.44 million.
• Institutional investors hold a significant stake, owning 91.51% of the company's stock, with several firms, including Orbis Allan Gray Ltd. and Goldman Sachs Group Inc., making substantial increases in their positions.
• Microchip Technology reported a $1.08 billion revenue for the last quarter despite a 13.3% year-over-year decline, while its quarterly dividend was set at $0.455 per share.

Foster & Motley Inc. lowered its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 42.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,483 shares of the semiconductor company's stock after selling 15,258 shares during the quarter. Foster & Motley Inc.'s holdings in Microchip Technology were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MCHP. Orbis Allan Gray Ltd acquired a new position in shares of Microchip Technology in the first quarter valued at approximately $369,612,000. Invesco Ltd. increased its position in Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock valued at $808,787,000 after purchasing an additional 6,459,123 shares during the period. Goldman Sachs Group Inc. increased its position in Microchip Technology by 138.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock valued at $427,681,000 after purchasing an additional 5,136,154 shares during the period. Boston Partners increased its position in Microchip Technology by 35.3% during the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock valued at $517,082,000 after purchasing an additional 2,795,650 shares during the period. Finally, Amundi increased its position in Microchip Technology by 22.7% during the 1st quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock valued at $484,743,000 after purchasing an additional 1,849,866 shares during the period. Institutional investors and hedge funds own 91.51% of the company's stock.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Microchip Technology Price Performance

Microchip Technology stock opened at $65.14 on Friday. The stock has a market capitalization of $35.15 billion, a price-to-earnings ratio of -191.59, a PEG ratio of 1.87 and a beta of 1.55. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $79.44. The stock's 50 day moving average price is $65.19 and its two-hundred day moving average price is $61.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is currently -535.29%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MCHP. UBS Group increased their target price on shares of Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, July 7th. KeyCorp increased their target price on shares of Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Susquehanna increased their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. TD Cowen decreased their target price on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a research report on Friday, August 8th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Microchip Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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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