Private Capital Advisors Inc. Buys 272,988 Shares of Microchip Technology Incorporated $MCHP

06 Oct 2026, 23:23 by Michael Walen · The Markets Daily

Private Capital Advisors Inc. purchased a new position in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 272,988 shares of the semiconductor company’s stock, valued at approximately $21,230,000. Microchip Technology accounts for approximately 1.8% of Private Capital Advisors Inc.’s holdings, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. TOP Private Wealth LLC. purchased a new position in shares of Microchip Technology during the second quarter valued at about $29,000. Continuum Advisory LLC bought a new stake in shares of Microchip Technology in the second quarter worth about $30,000. Johnson Financial Group Inc. purchased a new stake in shares of Microchip Technology in the second quarter worth about $31,000. Rakuten Securities Inc. bought a new position in Microchip Technology during the second quarter valued at approximately $34,000. Finally, PenderFund Capital Management Ltd. bought a new position in Microchip Technology during the second quarter valued at approximately $36,000. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

MCHP has been the topic of a number of research reports. TD Cowen reduced their price objective on Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a research note on Monday, July 13th. UBS Group restated a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research report on Friday, August 7th. Wells Fargo & Company decreased their price target on shares of Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Monday, July 20th. Citigroup lowered their price objective on shares of Microchip Technology from $113.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Truist Financial reduced their target price on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average price target of $98.67.

Read Our Latest Research Report on Microchip Technology

Microchip Technology Trading Down 0.3%

NASDAQ:MCHP traded down $0.23 during midday trading on Tuesday, hitting $81.26. 5,837,211 shares of the company traded hands, compared to its average volume of 10,098,771. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average is $75.77 and its 200-day moving average is $81.85. The firm has a market capitalization of $44.12 billion, a P/E ratio of 121.29, a P/E/G ratio of 0.57 and a beta of 1.77. Microchip Technology Incorporated has a 12-month low of $48.52 and a 12-month high of $105.91.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The business’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, sell-side analysts predict that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th were given a dividend of $0.4550 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, August 24th. Microchip Technology’s payout ratio is 271.64%.

Insider Activity at Microchip Technology

In other news, CFO James Bjornholt sold 4,112 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the sale, the chief financial officer directly owned 28,573 shares in the company, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.79% of the company’s stock.

Microchip Technology Company Profile

(Free Report)

Microchip Technology Inc is a semiconductor company that develops and manufactures embedded control solutions for automotive, industrial, aerospace and defense, communications, consumer, and computing applications. Its products are designed to help customers manage processing, connectivity, power, timing, security, and data storage within electronic systems.