Buttonwood Financial Advisors Inc. Has $6 Million Stock Position in Microchip Technology Incorporated $MCHP

Buttonwood Financial Advisors Inc. lessened its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,427 shares of the semiconductor company’s stock after selling 11,547 shares during the quarter. Microchip Technology makes up 2.1% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 13th biggest position. Buttonwood Financial Advisors Inc.’s holdings in Microchip Technology were worth $6,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MCHP. Norges Bank acquired a new stake in Microchip Technology in the second quarter valued at $473,320,000. Dodge & Cox raised its holdings in shares of Microchip Technology by 958.4% in the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after purchasing an additional 5,740,827 shares during the period. Boston Partners lifted its stake in Microchip Technology by 38.2% in the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after purchasing an additional 4,101,034 shares during the last quarter. State Street Corp grew its holdings in Microchip Technology by 8.5% during the second quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after purchasing an additional 2,489,258 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Microchip Technology by 582.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,154,164 shares of the semiconductor company’s stock worth $151,589,000 after buying an additional 1,838,300 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of recent analyst reports. TD Cowen cut their price objective 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 restated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Stifel Nicolaus cut their price target on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, Bank of America raised 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. One 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Microchip Technology Stock Up 2.1%

MCHP stock opened at $65.03 on Friday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The stock has a market capitalization of $35.15 billion, a price-to-earnings ratio of -144.51, a PEG ratio of 1.99 and a beta of 1.46. The business’s fifty day moving average price is $60.39 and its two-hundred day moving average price is $65.01.

Microchip Technology (NASDAQ:MCHP) last announced its 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. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. Microchip Technology’s quarterly 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, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Buying and Selling at Microchip Technology

In other 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 sale, the chief financial officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.94% of the company’s stock.

About Microchip Technology

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.