McElhenny Sheffield Capital Management LLC Buys Shares of 20,000 Microchip Technology Incorporated $MCHP

Key Points

• McElhenny Sheffield Capital Management LLC acquired 20,000 shares of Microchip Technology Incorporated for approximately $1.4 million during the second quarter.
• Institutional investors and hedge funds own a notable 91.51% of Microchip Technology's stock, reflecting strong investor interest.
• The company reported earnings of $0.27 per share for the last quarter, exceeding analysts' expectations, despite a 13.3% decline in revenue year-over-year.

McElhenny Sheffield Capital Management LLC bought a new stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 20,000 shares of the semiconductor company's stock, valued at approximately $1,407,000.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Microchip Technology by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 69,302,614 shares of the semiconductor company's stock valued at $3,354,940,000 after purchasing an additional 390,269 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Microchip Technology by 63.0% in the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock valued at $808,787,000 after purchasing an additional 6,459,123 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Microchip Technology by 0.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company's stock valued at $805,087,000 after acquiring an additional 152,434 shares during the last quarter. Boston Partners lifted its stake in shares of Microchip Technology by 35.3% in the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock valued at $517,082,000 after acquiring an additional 2,795,650 shares during the last quarter. Finally, Amundi lifted its stake in shares of Microchip Technology by 22.7% in the 1st quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock valued at $484,743,000 after acquiring an additional 1,849,866 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $66.92 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $65.41 and a two-hundred day moving average price of $60.86. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.44. The company has a market cap of $36.12 billion, a P/E ratio of -196.82, a PEG ratio of 1.86 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share 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 during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.53 EPS. The business's revenue 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. As a group, analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is presently -535.29%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of research reports. Piper Sandler increased their price target on Microchip Technology from $65.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Susquehanna increased their price target on Microchip Technology from $60.00 to $90.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded Microchip Technology from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Mizuho increased their price target on Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Finally, KeyCorp increased their price target on Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.75.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the 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 completion of the sale, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the sale, the director owned 30,665 shares of the company's stock, valued at approximately $2,092,886.25. This represents a 24.59% 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 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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