Yousif Capital Management LLC Trims Stock Position in Microchip Technology Incorporated $MCHP

Yousif Capital Management LLC lessened its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,482 shares of the semiconductor company's stock after selling 3,909 shares during the quarter. Yousif Capital Management LLC's holdings in Microchip Technology were worth $5,312,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Garde Capital Inc. acquired a new stake in shares of Microchip Technology during the 1st quarter worth approximately $30,000. MCF Advisors LLC grew its position in Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company's stock valued at $33,000 after buying an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new position in Microchip Technology in the second quarter valued at $39,000. WPG Advisers LLC purchased a new position in Microchip Technology in the first quarter valued at $40,000. Finally, Painted Porch Advisors LLC purchased a new position in Microchip Technology in the second quarter valued at $40,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction 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. The trade was a 19.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the business's stock in a transaction dated 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 owned 30,665 shares in the company, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $64.60 on Wednesday. The company's 50-day moving average price is $65.16 and its 200-day moving average price is $61.27. 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 company has a market cap of $34.86 billion, a P/E ratio of -190.00, a P/E/G ratio of 1.84 and a beta of 1.55. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.44.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend 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

A number of research analysts have weighed in on MCHP shares. Wells Fargo & Company started coverage on shares of Microchip Technology in a report on Monday, September 15th. They issued an "equal weight" rating and a $60.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Microchip Technology from $70.00 to $82.00 and gave the company a "buy" rating in a report on Friday, July 18th. UBS Group lifted their price objective on shares of Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a report on Monday, July 7th. The Goldman Sachs Group started coverage on shares of Microchip Technology in a report on Thursday, July 10th. They issued a "buy" rating and a $88.00 price objective for the company. Finally, Zacks Research cut shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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