Microchip Technology Incorporated $MCHP Stock Holdings Lowered by TCV Trust & Wealth Management Inc.

Key Points

• TCV Trust & Wealth Management Inc. drastically reduced its holdings in Microchip Technology by 93.3% during Q2, now owning just 15,404 shares after selling 212,910 shares.
• Microchip Technology's stock price saw an increase of 0.7%, reaching $66.26, following a quarterly earnings report that beat analysts' expectations with $0.27 EPS.
• Institutional investors now hold 91.51% of Microchip Technology's stock, reflecting significant participation from various hedge funds and investment firms in recent quarters.

TCV Trust & Wealth Management Inc. reduced its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 93.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,404 shares of the semiconductor company's stock after selling 212,910 shares during the quarter. TCV Trust & Wealth Management Inc.'s holdings in Microchip Technology were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northwest Bank & Trust Co increased its holdings in Microchip Technology by 3.0% during the 4th quarter. Northwest Bank & Trust Co now owns 7,392 shares of the semiconductor company's stock valued at $424,000 after acquiring an additional 217 shares in the last quarter. Clearstead Trust LLC grew its holdings in shares of Microchip Technology by 10.5% during the first quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company's stock worth $114,000 after buying an additional 224 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Microchip Technology by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 46,235 shares of the semiconductor company's stock worth $2,238,000 after buying an additional 230 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Microchip Technology by 1.0% during the first quarter. Greenleaf Trust now owns 24,933 shares of the semiconductor company's stock worth $1,207,000 after buying an additional 242 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in shares of Microchip Technology by 3.4% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 8,360 shares of the semiconductor company's stock worth $405,000 after buying an additional 276 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Stock Up 0.0%

Shares of NASDAQ MCHP traded up $0.00 during trading on Tuesday, reaching $65.40. 1,339,523 shares of the stock were exchanged, compared to its average volume of 10,090,500. The business's 50-day moving average price is $67.03 and its 200 day moving average price is $59.94. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $81.64. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $35.30 billion, a price-to-earnings ratio of -192.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.56.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $1.08 billion during 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 revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, equities analysts forecast that Microchip Technology Incorporated will post 1.03 EPS 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 paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology's payout ratio is -535.29%.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction 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 completion of the sale, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director owned 30,665 shares of the company's stock, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MCHP has been the subject of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of Microchip Technology in a report on Wednesday, June 18th. They set a "neutral" rating and a $70.00 price target for the company. Susquehanna lifted their price target on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Mizuho lifted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Rosenblatt Securities lifted their price target on shares of Microchip Technology from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Stifel Nicolaus lifted their price target 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $75.75.

Microchip Technology 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.