Caldwell Trust Co Acquires New Position in Microchip Technology Incorporated $MCHP

Caldwell Trust Co bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,635 shares of the semiconductor company’s stock, valued at approximately $537,000.

A number of other large investors have also made changes to their positions in MCHP. MCF Advisors LLC lifted its position in Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after buying an additional 321 shares in the last quarter. Carderock Capital Management Inc. acquired a new stake in shares of Microchip Technology in the 2nd quarter worth $39,000. WPG Advisers LLC acquired a new stake in shares of Microchip Technology in the 1st quarter worth $40,000. Painted Porch Advisors LLC purchased a new position in shares of Microchip Technology during the 2nd quarter worth $40,000. Finally, Fourth Dimension Wealth LLC boosted its position in shares of Microchip Technology by 98.7% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 298 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Citigroup cut their price target on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, November 7th. TD Cowen reduced their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Bank of America increased their price objective on Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Cantor Fitzgerald cut their target price on Microchip Technology from $70.00 to $65.00 and set a “neutral” 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 given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $74.95.

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $67.18 on Tuesday. The firm has a market cap of $36.31 billion, a price-to-earnings ratio of -149.29, a PEG ratio of 2.12 and a beta of 1.48. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $77.20. The business’s 50 day moving average is $60.43 and its two-hundred day moving average is $65.06.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The company’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. Research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend 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.