Level Four Advisory Services LLC Raises Stock Position in Microchip Technology Incorporated $MCHP

Key Points

• Level Four Advisory Services LLC increased its holdings in Microchip Technology by 71.5% during Q1, bringing its total shares to 115,958, valued at $5.614 million.
• Microchip Technology's CFO sold 2,015 shares on May 23rd, reducing his stake by 5.55% and raising total shares owned to 34,313.
• Analysts have adjusted their ratings and price targets for Microchip Technology, with ratings ranging from "Strong Buy" to "Hold", and an average price target of $76.58.

Level Four Advisory Services LLC lifted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 71.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,958 shares of the semiconductor company's stock after buying an additional 48,360 shares during the quarter. Level Four Advisory Services LLC's holdings in Microchip Technology were worth $5,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. First Citizens Bank & Trust Co. increased its stake in Microchip Technology by 468.2% in the first quarter. First Citizens Bank & Trust Co. now owns 73,737 shares of the semiconductor company's stock valued at $3,570,000 after purchasing an additional 60,760 shares in the last quarter. Everhart Financial Group Inc. acquired a new position in Microchip Technology during the 1st quarter worth approximately $221,000. Texas Bank & Trust Co bought a new position in Microchip Technology in the fourth quarter worth approximately $792,000. Czech National Bank grew its stake in Microchip Technology by 6.1% in the first quarter. Czech National Bank now owns 123,528 shares of the semiconductor company's stock valued at $5,980,000 after acquiring an additional 7,093 shares during the period. Finally, Sowell Financial Services LLC bought a new stake in shares of Microchip Technology during the first quarter valued at approximately $318,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

MCHP has been the topic of a number of recent research reports. Wall Street Zen upgraded Microchip Technology from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Zacks Research downgraded Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Rosenblatt Securities upped their price target on shares of Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Bank of America upgraded Microchip Technology from an "underperform" rating to a "neutral" rating and set a $56.00 price target on the stock in a research report on Friday, May 9th. Finally, Mizuho boosted their price objective on Microchip Technology from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Microchip Technology presently has an average rating of "Moderate Buy" and an average price target of $76.58.

Microchip Technology Stock Up 4.6%

Shares of NASDAQ:MCHP traded up $3.04 during trading on Friday, reaching $69.14. 12,427,539 shares of the stock traded hands, compared to its average volume of 9,231,423. The stock has a market cap of $37.31 billion, a P/E ratio of -203.35, a price-to-earnings-growth ratio of 2.00 and a beta of 1.55. 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 Incorporated has a 52-week low of $34.13 and a 52-week high of $82.65. The stock has a 50-day moving average of $69.57 and a two-hundred day moving average of $58.80.

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, 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.53 EPS. The company'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, sell-side analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 22nd. Microchip Technology's payout ratio is presently -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.