M. Kraus & Co Has $6.50 Million Stock Holdings in Microchip Technology Incorporated $MCHP

Key Points

• M. Kraus & Co decreased its holdings in Microchip Technology by 4.8%, owning 92,410 shares valued at approximately $6.5 million at the end of the most recent quarter.
• Research firms have mixed ratings for Microchip Technology with Zacks downgrading the stock to a "hold" while Stifel Nicolaus set a higher price objective of $82.00 with a "buy" rating.
• Insider transactions included notable sales by the Director and CFO, resulting in decreases of 24.59% and 19.69% in their respective ownership stakes.

M. Kraus & Co decreased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,410 shares of the semiconductor company's stock after selling 4,650 shares during the quarter. Microchip Technology makes up about 1.9% of M. Kraus & Co's holdings, making the stock its 24th biggest position. M. Kraus & Co's holdings in Microchip Technology were worth $6,503,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC increased its stake in shares of Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 321 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in shares of Microchip Technology during the 2nd quarter worth $39,000. Painted Porch Advisors LLC acquired a new position in shares of Microchip Technology during the 2nd quarter worth $40,000. Garde Capital Inc. acquired a new position in shares of Microchip Technology during the 1st quarter worth $30,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Microchip Technology by 115.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company's stock worth $58,000 after purchasing an additional 441 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MCHP. Zacks Research downgraded shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Microchip Technology in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, July 18th. KeyCorp upped their price objective on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Truist Financial upped their price objective on shares of Microchip Technology from $52.00 to $64.00 and gave the stock a "hold" rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Microchip Technology currently has an average rating of "Moderate Buy" and a consensus price target of $75.75.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the firm's stock in a transaction 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 sale, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares of the company's stock, valued at $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $65.86 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. The firm has a market capitalization of $35.54 billion, a price-to-earnings ratio of -193.71, a P/E/G ratio of 1.92 and a beta of 1.55. The company's fifty day moving average is $65.38 and its two-hundred day moving average is $60.94. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $79.44.

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 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 business's quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given 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 (DPR) 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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