Microchip Technology Incorporated $MCHP Shares Sold by Hillman Capital Management Inc.

by · The Cerbat Gem

Hillman Capital Management Inc. lessened its stake in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 35.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 49,536 shares of the semiconductor company’s stock after selling 26,817 shares during the quarter. Microchip Technology comprises 1.9% of Hillman Capital Management Inc.’s portfolio, making the stock its 24th largest holding. Hillman Capital Management Inc.’s holdings in Microchip Technology were worth $3,486,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MCHP. Townsquare Capital LLC boosted its holdings in Microchip Technology by 3.9% in the first quarter. Townsquare Capital LLC now owns 17,361 shares of the semiconductor company’s stock valued at $840,000 after purchasing an additional 653 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Microchip Technology by 51.8% during the 1st quarter. Virtu Financial LLC now owns 8,088 shares of the semiconductor company’s stock worth $392,000 after buying an additional 2,760 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Microchip Technology by 7.3% in the 1st quarter. Public Sector Pension Investment Board now owns 83,364 shares of the semiconductor company’s stock valued at $4,036,000 after buying an additional 5,655 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of Microchip Technology by 6.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 164,529 shares of the semiconductor company’s stock valued at $7,972,000 after buying an additional 9,568 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Microchip Technology by 54.0% in the 1st quarter. Russell Investments Group Ltd. now owns 611,883 shares of the semiconductor company’s stock valued at $29,750,000 after buying an additional 214,674 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Down 2.8%

MCHP opened at $67.18 on Friday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20. The business has a 50 day moving average price of $60.42 and a two-hundred day moving average price of $64.90. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The company has a market cap of $36.31 billion, a PE ratio of -149.29, a P/E/G ratio of 2.18 and a beta of 1.47.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the business posted $0.46 EPS. The company’s revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.455 per share. The ex-dividend date was Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. Microchip Technology’s dividend payout ratio is presently -404.44%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MCHP. Wells Fargo & Company reduced their price target on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Susquehanna cut their target price on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Cantor Fitzgerald decreased their target price on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. TD Cowen dropped their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Finally, Truist Financial reaffirmed a “hold” rating and set a $60.00 price target (down previously from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.95.

Read Our Latest Report on Microchip Technology

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the sale, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.94% of the company’s stock.

Microchip Technology Company 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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