17 Capital Partners LLC Reduces Holdings in Microchip Technology Incorporated $MCHP

17 Capital Partners LLC reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 10.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,210 shares of the semiconductor company’s stock after selling 2,050 shares during the quarter. 17 Capital Partners LLC’s holdings in Microchip Technology were worth $1,281,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its position in shares of Microchip Technology by 13.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 14,151 shares of the semiconductor company’s stock valued at $685,000 after purchasing an additional 1,637 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Microchip Technology by 4.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 41,384 shares of the semiconductor company’s stock valued at $2,003,000 after buying an additional 1,626 shares during the last quarter. GW&K Investment Management LLC lifted its stake in Microchip Technology by 161.0% in the first quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 578 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Microchip Technology by 11.6% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 470,426 shares of the semiconductor company’s stock valued at $22,773,000 after acquiring an additional 48,895 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in shares of Microchip Technology by 1.7% during the first quarter. KLP Kapitalforvaltning AS now owns 181,280 shares of the semiconductor company’s stock worth $8,776,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP opened at $50.80 on Thursday. 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 stock’s 50 day moving average is $62.45 and its two-hundred day moving average is $64.66. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $77.20. The firm has a market capitalization of $27.45 billion, a PE ratio of -149.41, a P/E/G ratio of 1.79 and a beta of 1.57.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $0.46 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Research analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Piper Sandler upped their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. TD Cowen decreased their target price on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Stifel Nicolaus dropped their price target on Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Citigroup reduced their price objective on Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Needham & Company LLC lowered their target price on Microchip Technology from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.47.

Insider Activity

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the firm’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 completion of the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the sale, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The SEC filing for this sale provides additional information. 1.94% of the stock is owned by company 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.