Naples Global Advisors LLC Sells 15,650 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Naples Global Advisors LLC has reduced its holdings in Microchip Technology by 17.3%, selling 15,650 shares, and now owns 74,710 shares valued at approximately $5.26 million.
• Several institutional investors, including Vanguard Group and T. Rowe Price, have significantly increased their positions in Microchip Technology during the 1st quarter, leading to institutional ownership of 91.51% of the company's stock.
• Microchip Technology recently reported quarterly earnings of $0.27 per share, exceeding expectations, although revenues were down 13.3% year-over-year, indicating a tough market environment.

Naples Global Advisors LLC decreased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,710 shares of the semiconductor company's stock after selling 15,650 shares during the quarter. Naples Global Advisors LLC's holdings in Microchip Technology were worth $5,257,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in 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 during the last quarter. Invesco Ltd. raised its position in 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 during the last quarter. T. Rowe Price Investment Management Inc. raised its position in 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 purchasing an additional 152,434 shares during the last quarter. Boston Partners raised its position in 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 purchasing an additional 2,795,650 shares during the last quarter. Finally, Amundi raised its position in shares of Microchip Technology by 22.7% during the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock worth $484,743,000 after acquiring an additional 1,849,866 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

Insider Activity at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is accessible through 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 value 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. This trade 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 0.2%

MCHP stock opened at $64.11 on Thursday. 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 stock has a market capitalization of $34.60 billion, a P/E ratio of -188.56, a P/E/G ratio of 1.84 and a beta of 1.55. The business has a 50-day moving average of $65.76 and a 200-day moving average of $60.42. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.53.

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

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.8%. Microchip Technology's dividend payout ratio is -535.29%.

Analyst Ratings Changes

MCHP has been the subject of a number of recent research reports. Citigroup boosted their target price on Microchip Technology from $68.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Susquehanna boosted their target price on Microchip Technology from $60.00 to $90.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on Microchip Technology from $70.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. TD Cowen dropped their target price on Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Microchip Technology from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $75.75.

About Microchip Technology

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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