Inspire Investing LLC Boosts Stock Holdings in Microchip Technology Incorporated $MCHP

Key Points

• Inspire Investing LLC has increased its stake in Microchip Technology by 17.4%, owning 61,632 shares valued at approximately $2.98 million.
• Recent transactions show insider selling, with CFO James Eric Bjornholt and Director Matthew W. Chapman reducing their shareholdings by 19.69% and 24.59%, respectively.
• Several analysts have raised their target prices for Microchip Technology, with Citigroup increasing it from $68.00 to $90.00, and a consensus rating of "Moderate Buy" is currently held.

Inspire Investing LLC lifted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,632 shares of the semiconductor company's stock after acquiring an additional 9,153 shares during the quarter. Inspire Investing LLC's holdings in Microchip Technology were worth $2,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Northwest Bank & Trust Co increased its position in shares of Microchip Technology by 3.0% during the fourth quarter. Northwest Bank & Trust Co now owns 7,392 shares of the semiconductor company's stock worth $424,000 after acquiring an additional 217 shares during the period. Clearstead Trust LLC increased its position in shares of Microchip Technology by 10.5% during the first quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company's stock worth $114,000 after acquiring an additional 224 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Microchip Technology by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 46,235 shares of the semiconductor company's stock worth $2,238,000 after acquiring an additional 230 shares during the period. Greenleaf Trust increased its position in shares of Microchip Technology by 1.0% during the first quarter. Greenleaf Trust now owns 24,933 shares of the semiconductor company's stock worth $1,207,000 after acquiring an additional 242 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its position in shares of Microchip Technology by 3.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 8,360 shares of the semiconductor company's stock worth $405,000 after acquiring an additional 276 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the company's 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 completion of the transaction, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the company's 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 represents a 24.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Needham & Company LLC boosted their target price on shares of Microchip Technology from $66.00 to $77.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Citigroup boosted their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Cantor Fitzgerald assumed coverage on shares of Microchip Technology in a research note on Wednesday, June 18th. They set a "neutral" rating and a $70.00 target price for the company. Evercore ISI boosted their target price on shares of Microchip Technology from $69.00 to $83.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Finally, KeyCorp boosted their target price on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Microchip Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.58.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $65.02 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $81.64. The company has a market capitalization of $35.09 billion, a PE ratio of -191.24, a P/E/G ratio of 1.85 and a beta of 1.56. The company has a fifty day moving average of $68.27 and a two-hundred day moving average of $59.63.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings data 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. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Microchip Technology's revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology's dividend payout ratio 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.

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