Sequoia Financial Advisors LLC Buys 1,373 Shares of Microchip Technology Incorporated $MCHP

by · The Cerbat Gem

Sequoia Financial Advisors LLC increased its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,270 shares of the semiconductor company’s stock after acquiring an additional 1,373 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Microchip Technology were worth $1,426,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vest Financial LLC increased its position in Microchip Technology by 21.8% during the second quarter. Vest Financial LLC now owns 24,471 shares of the semiconductor company’s stock worth $1,722,000 after acquiring an additional 4,381 shares during the period. MGO One Seven LLC bought a new position in Microchip Technology during the second quarter worth about $208,000. Welch Group LLC bought a new position in Microchip Technology during the second quarter worth about $257,000. Allspring Global Investments Holdings LLC increased its position in Microchip Technology by 3.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 26,826 shares of the semiconductor company’s stock worth $1,923,000 after acquiring an additional 772 shares during the period. Finally, CWM LLC increased its position in Microchip Technology by 27.9% during the second quarter. CWM LLC now owns 51,831 shares of the semiconductor company’s stock worth $3,647,000 after acquiring an additional 11,294 shares during the period. 91.51% of the stock is owned by institutional investors.

Microchip Technology Trading Up 0.2%

MCHP opened at $65.35 on Friday. The company’s 50 day moving average is $65.12 and its 200-day moving average is $61.41. 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 company has a market cap of $35.27 billion, a P/E ratio of -192.21, a PEG ratio of 1.87 and a beta of 1.55.

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, beating analysts’ consensus estimates 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company posted $0.53 EPS. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 30,665 shares in the company, valued at approximately $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.

Analysts Set New Price Targets

A number of equities analysts recently commented on MCHP shares. Wells Fargo & Company started coverage on shares of Microchip Technology in a research report on Monday, September 15th. They set an “equal weight” rating and a $60.00 price target on the stock. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Stifel Nicolaus raised their target price 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. TD Cowen decreased 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. Finally, Susquehanna raised their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

View Our Latest Stock Analysis on MCHP

Microchip Technology Profile

(Free Report)

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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