Linden Advisors LP Takes Position in Microchip Technology Incorporated $MCHP

Key Points

• Linden Advisors LP invested approximately $39.96 million in Microchip Technology, acquiring 825,500 shares, representing about 0.15% ownership in the company.
• Microchip Technology reported earnings per share (EPS) of $0.27 for its most recent quarter, exceeding the consensus estimate of $0.24, despite a 13.3% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.455 per share, payable on September 5th, with a current dividend yield of 2.8%.

Linden Advisors LP purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 825,500 shares of the semiconductor company's stock, valued at approximately $39,962,000. Linden Advisors LP owned approximately 0.15% of Microchip Technology as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Northwest Bank & Trust Co lifted its stake in Microchip Technology by 3.0% during the 4th quarter. Northwest Bank & Trust Co now owns 7,392 shares of the semiconductor company's stock valued at $424,000 after acquiring an additional 217 shares during the period. Clearstead Trust LLC increased its holdings in Microchip Technology by 10.5% in the 1st quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company's stock worth $114,000 after acquiring an additional 224 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Microchip Technology by 0.5% in the 1st 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 in the last quarter. Greenleaf Trust increased its holdings in Microchip Technology by 1.0% in the 1st quarter. Greenleaf Trust now owns 24,933 shares of the semiconductor company's stock worth $1,207,000 after acquiring an additional 242 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings 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 buying an additional 276 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MCHP shares. Susquehanna upped their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. TD Cowen dropped their target price on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a report on Friday, August 8th. Evercore ISI boosted their price target on shares of Microchip Technology from $69.00 to $83.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Stifel Nicolaus boosted their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Rosenblatt Securities upped their target price on shares of Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $76.58.

Insider Activity at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the 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 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 disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Microchip Technology Stock Down 0.4%

Shares of MCHP stock traded down $0.25 during trading hours on Monday, reaching $65.00. 9,209,632 shares of the stock were exchanged, compared to its average volume of 9,431,667. The business's fifty day moving average is $69.34 and its two-hundred day moving average is $59.39. 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 12-month low of $34.13 and a 12-month high of $82.65. The firm has a market capitalization of $35.08 billion, a P/E ratio of -191.18, a P/E/G ratio of 1.88 and a beta of 1.56.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The firm's revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 22nd. Microchip Technology's dividend payout ratio is currently -535.29%.

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.