Microchip Technology Incorporated $MCHP Stock Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners cut its Microchip Technology stake by 94.4% in the third quarter, selling 315,357 shares and retaining 18,714 shares valued at approximately $1.46 million. Institutional investors collectively own 91.51% of MCHP.
• Microchip reported quarterly EPS of $0.76 and revenue of $1.48 billion, exceeding analyst expectations, while revenue increased 38% year over year. The company also guided for fiscal Q2 2027 EPS of $0.91–$0.95.
• MCHP traded near $75.52, below the analyst consensus price target of $98.67; analysts maintain a “Moderate Buy” consensus. The company pays a quarterly dividend of $0.455, implying a 2.4% yield, though its reported payout ratio is 271.64%.

Venture Visionary Partners LLC lowered its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 94.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,714 shares of the semiconductor company's stock after selling 315,357 shares during the period. Venture Visionary Partners LLC's holdings in Microchip Technology were worth $1,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC raised its stake in shares of Microchip Technology by 0.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 12,542 shares of the semiconductor company's stock worth $810,000 after buying an additional 118 shares in the last quarter. Apella Capital LLC boosted its stake in shares of Microchip Technology by 4.8% in the second quarter. Apella Capital LLC now owns 2,669 shares of the semiconductor company's stock valued at $225,000 after buying an additional 122 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in shares of Microchip Technology by 4.2% in the second quarter. Bridgewater Advisors Inc. now owns 3,331 shares of the semiconductor company's stock valued at $304,000 after buying an additional 133 shares in the last quarter. Gagnon Securities LLC boosted its stake in shares of Microchip Technology by 0.5% in the fourth quarter. Gagnon Securities LLC now owns 27,162 shares of the semiconductor company's stock valued at $1,731,000 after buying an additional 137 shares in the last quarter. Finally, Evelyn Partners Investment Management LLP grew its holdings in Microchip Technology by 1.5% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 9,300 shares of the semiconductor company's stock worth $593,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $75.52 on Friday. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91. The company has a market capitalization of $41.01 billion, a P/E ratio of 112.72, a PEG ratio of 0.54 and a beta of 1.77. The business has a 50 day moving average price of $76.03 and a 200 day moving average price of $82.16. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%.Microchip Technology's revenue was up 38.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Sell-side analysts expect that Microchip Technology Incorporated will post 3.16 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were given a $0.4550 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. Microchip Technology's payout ratio is currently 271.64%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MCHP shares. Wells Fargo & Company cut their price objective on Microchip Technology from $95.00 to $88.00 and set an "equal weight" rating for the company in a research report on Monday, July 20th. TD Cowen decreased their target price on shares of Microchip Technology from $105.00 to $90.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. UBS Group reaffirmed a "buy" rating and set a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. Truist Financial cut their price target on shares of Microchip Technology from $105.00 to $90.00 and set a "hold" rating for the company in a report on Friday, August 7th. Finally, BMO Capital Markets started coverage on shares of Microchip Technology in a research note on Friday, August 21st. They issued an "outperform" rating and a $95.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.67.

Insider Activity at Microchip Technology

In related news, CFO James Bjornholt sold 4,112 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the sale, the chief financial officer directly owned 28,573 shares of the company's stock, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by corporate insiders.

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company that develops and manufactures embedded control solutions for automotive, industrial, aerospace and defense, communications, consumer, and computing applications. Its products are designed to help customers manage processing, connectivity, power, timing, security, and data storage within electronic systems.

The company's product portfolio includes microcontrollers, microprocessors, analog and mixed-signal devices, power-management products, timing and synchronization solutions, memory products, connectivity components, and field-programmable gate arrays.

Want to see what other hedge funds are holding MCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microchip Technology Incorporated (NASDAQ:MCHP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.