Microchip Technology Incorporated $MCHP Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 33.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,179 shares of the semiconductor company’s stock after acquiring an additional 33,291 shares during the period. Advisors Asset Management Inc.’s holdings in Microchip Technology were worth $9,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCHP. MCF Advisors LLC increased its holdings in shares of Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the period. Carderock Capital Management Inc. purchased a new stake in Microchip Technology in the second quarter valued at approximately $39,000. WPG Advisers LLC purchased a new stake in Microchip Technology in the first quarter valued at approximately $40,000. Painted Porch Advisors LLC acquired a new position in Microchip Technology in the 2nd quarter worth approximately $40,000. Finally, Fourth Dimension Wealth LLC increased its holdings in Microchip Technology by 98.7% in the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MCHP shares. Raymond James Financial upped their price objective on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a report on Friday, August 8th. Wells Fargo & Company reduced their target price on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. TD Cowen cut their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Stifel Nicolaus reduced their price objective on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.47.

Microchip Technology Stock Up 1.1%

Microchip Technology stock opened at $51.83 on Wednesday. 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 capitalization of $28.01 billion, a PE ratio of -152.44, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The business has a 50 day simple moving average of $61.36 and a 200-day simple moving average of $64.80. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $77.20.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, 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 will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.5%. Microchip Technology’s payout ratio is currently -404.44%.

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.