Godsey & Gibb Inc. Acquires 7,675 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Godsey & Gibb Inc. increased its ownership of Microchip Technology by 2.8%, acquiring an additional 7,675 shares to hold a total of 282,581 shares valued at approximately $19.89 million.
• Microchip Technology's quarterly earnings for Q1 2026 surpassed analyst expectations, reporting $0.27 earnings per share, up from $0.53 in the same quarter last year, despite a 13.3% revenue decline.
• The company has recently adjusted its dividend to $0.455 per share, with a yield of 2.7%, but has a negative dividend payout ratio of -535.29%.

Godsey & Gibb Inc. increased its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282,581 shares of the semiconductor company's stock after purchasing an additional 7,675 shares during the period. Godsey & Gibb Inc. owned 0.05% of Microchip Technology worth $19,885,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. MCF Advisors LLC lifted its holdings in Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new position in Microchip Technology during the 2nd quarter valued at approximately $39,000. Painted Porch Advisors LLC purchased a new position in shares of Microchip Technology in the 2nd quarter worth approximately $40,000. Garde Capital Inc. purchased a new position in shares of Microchip Technology in the 1st quarter worth approximately $30,000. Finally, WPG Advisers LLC purchased a new position in shares of Microchip Technology in the 1st quarter worth approximately $40,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microchip Technology

In other Microchip Technology news, 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 transaction of $682,500.00. Following the sale, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $66.59 on Tuesday. The stock has a market cap of $35.94 billion, a PE ratio of -195.85, a P/E/G ratio of 1.91 and a beta of 1.55. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $79.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The stock has a 50 day moving average price of $65.59 and a 200 day moving average price of $60.79.

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 for the quarter, topping the consensus estimate 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is presently -535.29%.

Wall Street Analyst Weigh In

MCHP has been the subject of a number of research analyst reports. Cantor Fitzgerald began coverage on Microchip Technology in a research report on Wednesday, June 18th. They set a "neutral" rating and a $70.00 target price for the company. TD Cowen dropped their price target on Microchip Technology from $75.00 to $60.00 and set a "hold" rating on the stock in a research note on Friday, August 8th. Mizuho increased their price target on Microchip Technology from $78.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Needham & Company LLC increased their target price on Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, KeyCorp increased their target price on Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. One 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 issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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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