Villere ST Denis J & Co. LLC Has $26.11 Million Stock Holdings in Microchip Technology Incorporated $MCHP

Key Points

• Villere ST Denis J & Co. LLC holds approximately $26.11 million worth of shares in Microchip Technology, constituting about 2.5% of its total investment portfolio.
• Microchip Technology's stock has shown a 1-year low of $34.13 and a 1-year high of $79.44, currently trading at around $60.41.
• The company recently reported $1.08 billion in revenue for the quarter, exceeding analysts' expectations, but its year-over-year revenue dropped 13.3%.

Villere ST Denis J & Co. LLC trimmed its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,992 shares of the semiconductor company's stock after selling 12,795 shares during the period. Microchip Technology makes up approximately 2.5% of Villere ST Denis J & Co. LLC's holdings, making the stock its 20th biggest holding. Villere ST Denis J & Co. LLC owned 0.07% of Microchip Technology worth $26,107,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Microchip Technology by 24.0% during the 1st quarter. Farther Finance Advisors LLC now owns 3,685 shares of the semiconductor company's stock worth $179,000 after buying an additional 713 shares during the period. Yousif Capital Management LLC raised its holdings in Microchip Technology by 8.6% during the 1st quarter. Yousif Capital Management LLC now owns 79,391 shares of the semiconductor company's stock worth $3,843,000 after buying an additional 6,316 shares during the period. GAMMA Investing LLC raised its holdings in Microchip Technology by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 9,922 shares of the semiconductor company's stock worth $480,000 after buying an additional 4,252 shares during the period. Integrated Advisors Network LLC raised its holdings in Microchip Technology by 8.9% during the 1st quarter. Integrated Advisors Network LLC now owns 9,119 shares of the semiconductor company's stock worth $441,000 after buying an additional 746 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its holdings in Microchip Technology by 106.5% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 1,939 shares of the semiconductor company's stock worth $94,000 after buying an additional 1,000 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $60.41 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.44. 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 firm has a fifty day simple moving average of $65.26 and a 200 day simple moving average of $61.00. The stock has a market capitalization of $32.60 billion, a PE ratio of -177.68, a P/E/G ratio of 1.89 and a beta of 1.55.

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

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 3.0%. Microchip Technology's dividend payout ratio (DPR) is currently -535.29%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the firm's 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 transaction, the chief financial officer directly owned 30,010 shares of the company's stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the firm'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 completion of the transaction, the director directly owned 30,665 shares of the company's stock, valued at $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. 1.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Microchip Technology in a report on Monday, September 15th. They set an "equal weight" rating and a $60.00 target price on the stock. Citigroup raised their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, July 7th. TD Cowen dropped their target price on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating on the stock in a report on Friday, August 8th. Raymond James Financial raised their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 8th. Finally, Zacks Research cut shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.

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