Parallel Advisors LLC Raises Stock Holdings in Microchip Technology Incorporated $MCHP

Parallel Advisors LLC increased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 58.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,024 shares of the semiconductor company’s stock after buying an additional 3,315 shares during the quarter. Parallel Advisors LLC’s holdings in Microchip Technology were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Garde Capital Inc. purchased a new position in shares of Microchip Technology in the first quarter worth $30,000. Orion Capital Management LLC purchased a new position in Microchip Technology during the 4th quarter valued at $41,000. WPG Advisers LLC purchased a new position in Microchip Technology during the 1st quarter valued at $40,000. Byrne Asset Management LLC purchased a new position in Microchip Technology during the 1st quarter valued at $41,000. Finally, GW&K Investment Management LLC increased its position in Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 578 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the company’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 transaction, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s 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 owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MCHP has been the topic of a number of research analyst reports. Susquehanna boosted their price objective on shares of Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. UBS Group boosted their price objective on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Cantor Fitzgerald initiated coverage on shares of Microchip Technology in a research report on Wednesday, June 18th. They set a “neutral” rating and a $70.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They set a “buy” rating and a $88.00 price objective on the stock. Finally, Needham & Company LLC boosted their price objective on shares of Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.75.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $66.26 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The stock has a market cap of $35.76 billion, a price-to-earnings ratio of -194.88, a PEG ratio of 1.88 and a beta of 1.56. The firm’s 50-day moving average is $67.39 and its 200 day moving average is $59.84. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $81.64.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.455 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.7%. Microchip Technology’s dividend payout ratio is currently -535.29%.

About Microchip Technology

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.