Ferguson Wellman Capital Management Inc. Acquires Shares of 12,759 Microchip Technology Incorporated $MCHP

Ferguson Wellman Capital Management Inc. acquired a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,759 shares of the semiconductor company’s stock, valued at approximately $819,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Lecap Asset Management Ltd. raised its stake in Microchip Technology by 20.6% during the third quarter. Lecap Asset Management Ltd. now owns 35,408 shares of the semiconductor company’s stock worth $2,274,000 after acquiring an additional 6,037 shares in the last quarter. Clean Yield Group boosted its stake in shares of Microchip Technology by 9.4% in the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock valued at $121,000 after purchasing an additional 163 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Microchip Technology by 7.2% in the 3rd quarter. HB Wealth Management LLC now owns 22,560 shares of the semiconductor company’s stock worth $1,449,000 after purchasing an additional 1,506 shares during the last quarter. Texas Bank & Trust Co increased its position in shares of Microchip Technology by 2.8% during the 3rd quarter. Texas Bank & Trust Co now owns 21,034 shares of the semiconductor company’s stock worth $1,351,000 after purchasing an additional 573 shares in the last quarter. Finally, CX Institutional lifted its holdings in Microchip Technology by 141.3% during the 3rd quarter. CX Institutional now owns 16,301 shares of the semiconductor company’s stock valued at $1,047,000 after purchasing an additional 9,545 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

More Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Mizuho raised its price target on MCHP from $80 to $83 and kept an “outperform” rating, signaling further upside from current levels. Benzinga
• Positive Sentiment: Multiple firms issued bullish notes or upgrades (Needham, Rosenblatt, B. Riley, JPMorgan, Morgan Stanley), contributing to buying momentum and analyst-driven interest. Needham Rosenblatt B. Riley
• Positive Sentiment: Wells Fargo raised its price target for MCHP to $68 (another Wells Fargo note earlier had maintained a Hold). The PT bump helps support the rally alongside other upgrades. Wells Fargo PT Boost
• Positive Sentiment: Microchip raised Q4 sales guidance and shares reacted sharply (reported ~16% intraday lift after the guidance update), indicating improving demand expectations. Yahoo Finance
• Positive Sentiment: Product/partnership news: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — enhances enterprise AI relevance. GlobeNewswire
• Neutral Sentiment: Wells Fargo also had a prior note maintaining a Hold on MCHP; mixed analyst views mean follow-through depends on upcoming results and macro appetite for semiconductors. Globe and Mail
• Negative Sentiment: Market-note on momentum risk: coverage pieces and trading commentary flagged a sharp spike (15%) that could invite a short-term pullback — investors should watch volume, near-term profit-taking and the company’s next earnings/guidance cadence. TipRanks

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the business’s 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 sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America boosted their target price on Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Cantor Fitzgerald upgraded Microchip Technology from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $85.00 in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Finally, Wolfe Research set a $85.00 price objective on Microchip Technology in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.62.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $75.22 on Friday. 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 firm has a 50 day simple moving average of $61.37 and a 200 day simple moving average of $65.17. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The firm has a market cap of $40.65 billion, a P/E ratio of -167.16, a P/E/G ratio of 2.23 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.14 billion for 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Sell-side analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is presently -404.44%.

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.