D.A. Davidson & CO. Has $566,000 Stock Position in Microchip Technology Incorporated $MCHP

D.A. Davidson & CO. lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,037 shares of the semiconductor company’s stock after selling 1,083 shares during the quarter. D.A. Davidson & CO.’s holdings in Microchip Technology were worth $566,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Orbis Allan Gray Ltd bought a new position in shares of Microchip Technology during the 1st quarter worth about $369,612,000. Invesco Ltd. lifted its stake 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 buying an additional 6,459,123 shares during the period. Goldman Sachs Group Inc. grew its position in Microchip Technology by 138.9% during the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock worth $427,681,000 after buying an additional 5,136,154 shares in the last quarter. Boston Partners grew its position in Microchip Technology by 35.3% during the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock worth $517,082,000 after buying an additional 2,795,650 shares in the last quarter. Finally, Amundi increased its stake in Microchip Technology by 22.7% during the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock valued at $484,743,000 after acquiring an additional 1,849,866 shares during the period. 91.51% of the stock is owned by institutional investors.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $62.54 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The firm’s 50-day simple moving average is $65.15 and its 200-day simple moving average is $63.20. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $78.13. The firm has a market cap of $33.75 billion, a P/E ratio of -183.94, a price-to-earnings-growth ratio of 1.82 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed 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. This represents a $1.82 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio is currently -535.29%.

Analyst Ratings Changes

A number of analysts have commented on the company. KeyCorp raised their price objective on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Susquehanna upped their target price on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Raymond James Financial raised their target price on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Piper Sandler lifted their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Mizuho boosted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.75.

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 sale, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Company Profile

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.