Hershey Financial Advisers LLC Takes Position in Microchip Technology Incorporated $MCHP

Hershey Financial Advisers LLC acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,029 shares of the semiconductor company’s stock, valued at approximately $1,691,000. Microchip Technology comprises 1.5% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other large investors have also recently bought and sold shares of MCHP. MCF Advisors LLC lifted its stake in Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares during the period. Carderock Capital Management Inc. acquired a new position in shares of Microchip Technology in the 2nd quarter valued at about $39,000. Painted Porch Advisors LLC purchased a new stake in shares of Microchip Technology in the second quarter worth about $40,000. Fourth Dimension Wealth LLC grew its holdings in Microchip Technology by 98.7% during the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 298 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Microchip Technology during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In other news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Citigroup lowered their price target on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Stifel Nicolaus cut their price objective on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 7th. Bank of America increased their target price on shares of Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Truist Financial restated a “hold” rating and issued a $60.00 price target (down previously from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Microchip Technology has a consensus rating of “Moderate Buy” and a consensus price target of $74.95.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $67.18 on Friday. The stock has a 50 day moving average of $60.42 and a two-hundred day moving average of $64.94. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $77.20. The firm has a market cap of $36.31 billion, a P/E ratio of -149.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.47. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The business’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. On average, analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a $0.455 dividend. 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%.

Microchip Technology 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.