Global Retirement Partners LLC Acquires New Shares in Microchip Technology Incorporated $MCHP

Global Retirement Partners LLC bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,723 shares of the semiconductor company’s stock, valued at approximately $332,000.

Other hedge funds also recently made changes to their positions in the company. MCF Advisors LLC lifted its stake in Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in shares of Microchip Technology during the second quarter worth $39,000. WPG Advisers LLC acquired a new stake in shares of Microchip Technology during the 1st quarter valued at $40,000. Painted Porch Advisors LLC bought a new stake in Microchip Technology during the 2nd quarter worth $40,000. Finally, Fourth Dimension Wealth LLC grew its position in Microchip Technology by 98.7% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 298 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on MCHP shares. Needham & Company LLC cut their price target on Microchip Technology from $77.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Morgan Stanley raised their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Piper Sandler boosted their target price on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Susquehanna dropped their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Finally, Stifel Nicolaus cut their price target on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on 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 owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.94% of the stock is owned by corporate insiders.

Microchip Technology Stock Down 0.1%

Shares of NASDAQ MCHP opened at $52.50 on Monday. The company’s 50 day moving average price is $60.57 and its 200-day moving average price is $64.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $77.20. The company has a market capitalization of $28.37 billion, a P/E ratio of -154.41, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results 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. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. Microchip Technology’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 3.5%. Microchip Technology’s dividend payout ratio is presently -404.44%.

Microchip Technology Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.