Panoramic Capital LLC Takes Position in Microchip Technology Incorporated $MCHP

Key Points

• Panoramic Capital LLC has acquired a new stake in Microchip Technology, purchasing 40,000 shares valued at approximately $1.94 million, making it the 16th biggest holding in their portfolio.
• Microchip Technology reported a quarterly earnings per share of $0.27, exceeding expectations and showing a decline in revenue of 13.3% year-over-year, with guidance set at 0.340-0.370 EPS for Q2 2026.
• The stock has received various target price adjustments from analysts, with a current consensus target price of $76.58 and ratings ranging from "Strong Buy" to "Hold."

Panoramic Capital LLC purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,000 shares of the semiconductor company's stock, valued at approximately $1,936,000. Microchip Technology accounts for 2.1% of Panoramic Capital LLC's portfolio, making the stock its 16th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Garde Capital Inc. acquired a new stake in shares of Microchip Technology during the 1st quarter worth about $30,000. Orion Capital Management LLC acquired a new stake in shares of Microchip Technology during the fourth quarter worth approximately $41,000. WPG Advisers LLC bought a new position in shares of Microchip Technology in the first quarter valued at approximately $40,000. Byrne Asset Management LLC acquired a new position in shares of Microchip Technology in the 1st quarter worth approximately $41,000. Finally, GW&K Investment Management LLC grew its position in Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock worth $45,000 after acquiring an additional 578 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Trading Up 0.4%

Shares of Microchip Technology stock traded up $0.28 during trading on Thursday, reaching $65.02. 6,453,525 shares of the company were exchanged, compared to its average volume of 10,225,592. The business has a 50-day moving average price of $68.42 and a 200-day moving average price of $59.60. The firm has a market capitalization of $35.09 billion, a price-to-earnings ratio of -191.24, a P/E/G ratio of 1.86 and a beta of 1.56. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $81.64.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The firm had revenue of $1.08 billion for 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%.The company's revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

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

Wall Street Analyst Weigh In

MCHP has been the subject of several research analyst reports. Needham & Company LLC lifted their price objective on Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Citigroup upped their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Piper Sandler increased their price objective on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Truist Financial upped their target price on shares of Microchip Technology from $52.00 to $64.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Finally, Evercore ISI boosted their price objective on shares of Microchip Technology from $69.00 to $83.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.58.

Insiders Place Their Bets

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

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.