Peterson Wealth Services Increases Holdings in Microchip Technology Incorporated $MCHP

Peterson Wealth Services increased its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 22,366.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 16,625 shares of the semiconductor company’s stock after purchasing an additional 16,551 shares during the period. Peterson Wealth Services’ holdings in Microchip Technology were worth $1,068,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MCHP. Winnow Wealth LLC purchased a new stake in shares of Microchip Technology in the third quarter worth about $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC lifted its stake in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC purchased a new stake in Microchip Technology in the 3rd quarter worth approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Microchip Technology by 106.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on MCHP. Cantor Fitzgerald upped their price target on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday. B. Riley upped their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Stifel Nicolaus set a $80.00 price target on Microchip Technology and gave the company a “buy” rating in a report on Tuesday, January 6th. Morgan Stanley boosted their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, Piper Sandler raised their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.73.

Microchip Technology Stock Up 2.8%

Shares of MCHP opened at $78.08 on Tuesday. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $81.43. 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 50 day simple moving average of $68.02 and a two-hundred day simple moving average of $65.38. The firm has a market cap of $42.20 billion, a P/E ratio of -173.51, a P/E/G ratio of 1.94 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 earnings per share 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 firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the business posted $0.46 EPS. The business’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, analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 121,615 shares of company stock worth $9,641,654 over the last ninety days. 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.