Clear Trail Advisors LLC Takes $561,000 Position in Microchip Technology Incorporated $MCHP

Clear Trail Advisors LLC bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,802 shares of the semiconductor company’s stock, valued at approximately $561,000.

A number of other large investors have also recently made changes to their positions in MCHP. Florida Trust Wealth Management Co lifted its stake in Microchip Technology by 3.3% in the third quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 157 shares during the last quarter. Clean Yield Group grew its stake in shares of Microchip Technology by 9.4% during the third quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 163 shares during the last quarter. Slagle Financial LLC grew its stake in shares of Microchip Technology by 0.3% during the third quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock valued at $4,141,000 after buying an additional 168 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in shares of Microchip Technology by 2.4% in the third quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock worth $466,000 after buying an additional 169 shares during the period. Finally, Bollard Group LLC lifted its stake 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 worth $224,000 after acquiring an additional 173 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of recent analyst reports. Citigroup dropped their price objective on Microchip Technology from $92.00 to $91.00 and set a “buy” rating for the company in a report on Friday, February 6th. Weiss Ratings upgraded Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Stifel Nicolaus set a $90.00 target price on shares of Microchip Technology in a research note on Friday, February 6th. JPMorgan Chase & Co. upped their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Microchip Technology Trading Up 2.2%

NASDAQ MCHP opened at $64.34 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The company has a market capitalization of $34.82 billion, a price-to-earnings ratio of -221.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.45. The company’s 50-day simple moving average is $73.12 and its two-hundred day simple moving average is $66.59. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $83.35.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company earned $0.20 EPS. The company’s revenue was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

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.