Corient Private Wealth LLC Has $148.42 Million Stake in Microchip Technology Incorporated $MCHP

Corient Private Wealth LLC boosted its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 79.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,109,062 shares of the semiconductor company’s stock after buying an additional 936,405 shares during the period. Corient Private Wealth LLC owned approximately 0.39% of Microchip Technology worth $148,415,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Texas Permanent School Fund Corp lifted its stake in shares of Microchip Technology by 22.0% in the 2nd quarter. Texas Permanent School Fund Corp now owns 70,731 shares of the semiconductor company’s stock valued at $4,977,000 after purchasing an additional 12,737 shares during the period. Caldwell Trust Co bought a new stake in Microchip Technology in the second quarter valued at about $537,000. Valeo Financial Advisors LLC lifted its stake in Microchip Technology by 15.3% in the second quarter. Valeo Financial Advisors LLC now owns 13,585 shares of the semiconductor company’s stock valued at $956,000 after buying an additional 1,806 shares during the period. Orion Porfolio Solutions LLC lifted its stake in Microchip Technology by 45.6% in the second quarter. Orion Porfolio Solutions LLC now owns 32,849 shares of the semiconductor company’s stock valued at $2,312,000 after buying an additional 10,286 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Microchip Technology by 102.6% during the second quarter. Thrivent Financial for Lutherans now owns 44,722 shares of the semiconductor company’s stock worth $3,148,000 after buying an additional 22,644 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MCHP shares. Susquehanna lowered their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Citigroup lowered their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company cut their target price on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.95.

Microchip Technology Stock Performance

Shares of MCHP opened at $67.18 on Monday. The firm has a market cap of $36.31 billion, a P/E ratio of -149.29, a PEG ratio of 2.12 and a beta of 1.48. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The firm’s 50 day moving average price is $60.42 and its two-hundred day moving average price is $64.99.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is 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.