Mirador Capital Partners LP Makes New Investment in Microchip Technology Incorporated $MCHP

by · The Cerbat Gem

Mirador Capital Partners LP bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,254 shares of the semiconductor company’s stock, valued at approximately $229,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Microchip Technology by 0.6% in the first quarter. Vanguard Group Inc. now owns 69,302,614 shares of the semiconductor company’s stock valued at $3,354,940,000 after purchasing an additional 390,269 shares in the last quarter. Invesco Ltd. grew its position in shares of Microchip Technology by 63.0% in the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after purchasing an additional 6,459,123 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Microchip Technology by 0.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after purchasing an additional 152,434 shares in the last quarter. Boston Partners grew its position in shares of Microchip Technology by 35.3% in the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock valued at $517,082,000 after purchasing an additional 2,795,650 shares in the last quarter. Finally, Amundi grew its position in shares of Microchip Technology by 22.7% in the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock valued at $484,743,000 after purchasing an additional 1,849,866 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Trading Up 2.1%

MCHP opened at $65.78 on Thursday. The business has a 50 day simple moving average of $67.57 and a two-hundred day simple moving average of $59.78. The firm has a market capitalization of $35.50 billion, a price-to-earnings ratio of -193.47, a PEG ratio of 1.85 and a beta of 1.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $81.64.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $0.53 EPS. Microchip Technology’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. Analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio is -535.29%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MCHP. UBS Group lifted their price target on Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Wells Fargo & Company assumed coverage on Microchip Technology in a research report on Monday. They issued an “equal weight” rating and a $60.00 price target for the company. Wall Street Zen upgraded Microchip Technology from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Cantor Fitzgerald assumed coverage on Microchip Technology in a research report on Wednesday, June 18th. They set a “neutral” rating and a $70.00 target price for the company. Finally, KeyCorp boosted their target price on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

Get Our Latest Research Report on Microchip Technology

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the sale, the director owned 30,665 shares in the company, valued at $2,092,886.25. The trade was a 24.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

About Microchip Technology

(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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