Hennion & Walsh Asset Management Inc. Cuts Stock Position in Microchip Technology Incorporated $MCHP

Hennion & Walsh Asset Management Inc. cut its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 74.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,639 shares of the semiconductor company’s stock after selling 10,351 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Microchip Technology were worth $232,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MCHP shares. Barclays assumed coverage on shares of Microchip Technology in a report on Thursday, February 12th. They issued an “equal weight” rating and a $80.00 price target on the stock. Bank of America raised Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, January 28th. Wolfe Research set a $85.00 target price on Microchip Technology in a research note on Tuesday, January 6th. UBS Group upped their target price on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Finally, Needham & Company LLC increased their price target on Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Insider Buying and Selling

In related news, CEO Steve Sanghi sold 98,814 shares of the 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 transaction, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Price Performance

NASDAQ MCHP opened at $65.60 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $71.24 and its 200 day moving average price is $66.55. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $83.35. The company has a market cap of $35.50 billion, a price-to-earnings ratio of -226.21, a PEG ratio of 0.91 and a beta of 1.49.

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

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a $0.455 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology’s dividend payout ratio is currently -627.59%.

Microchip Technology Company 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.