Dynamic Advisor Solutions LLC Trims Stock Holdings in Microchip Technology Incorporated $MCHP

Dynamic Advisor Solutions LLC reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 25.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,877 shares of the semiconductor company’s stock after selling 8,292 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Microchip Technology were worth $1,533,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sagespring Wealth Partners LLC raised its stake in Microchip Technology by 2.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 154 shares during the period. Mechanics Financial Corp increased its stake in shares of Microchip Technology by 3.4% in the second quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 167 shares in the last quarter. Bollard Group LLC raised its position in shares of Microchip Technology by 5.8% during the 2nd quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 173 shares during the period. Global X Japan Co. Ltd. raised its position in shares of Microchip Technology by 0.4% during the 2nd quarter. Global X Japan Co. Ltd. now owns 45,705 shares of the semiconductor company’s stock valued at $3,216,000 after purchasing an additional 174 shares during the period. Finally, Bank of Jackson Hole Trust lifted its stake in shares of Microchip Technology by 2.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 8,828 shares of the semiconductor company’s stock valued at $621,000 after buying an additional 174 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Price Performance

Microchip Technology stock opened at $64.91 on Monday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $77.20. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average is $60.45 and its 200 day moving average is $65.15. The company has a market cap of $35.08 billion, a price-to-earnings ratio of -144.24, a PEG ratio of 2.05 and a beta of 1.47.

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. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. 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 company posted $0.46 EPS. 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. Sell-side analysts forecast 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 was paid on Tuesday, December 9th. Stockholders 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 dividend yield of 2.8%. 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 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 sale, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Needham & Company LLC increased their price target on Microchip Technology from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. TD Cowen cut their target price on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, November 7th. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Cantor Fitzgerald upgraded Microchip Technology from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $65.00 to $85.00 in a research note on Tuesday, December 16th. Finally, Morgan Stanley lifted their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $76.00.

Microchip Technology Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.