Beacon Pointe Advisors LLC Has $3.60 Million Stock Holdings in Microchip Technology Incorporated $MCHP

Beacon Pointe Advisors LLC grew its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 27.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 51,160 shares of the semiconductor company’s stock after purchasing an additional 11,088 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Microchip Technology were worth $3,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MCF Advisors LLC boosted its position in Microchip Technology by 211.2% during the second 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 2nd quarter worth approximately $39,000. Painted Porch Advisors LLC bought a new stake in shares of Microchip Technology during the 2nd quarter worth approximately $40,000. Fourth Dimension Wealth LLC raised its stake in shares of 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 purchasing an additional 298 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Microchip Technology by 115.4% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 823 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 441 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a research report on Wednesday. Susquehanna lowered their price objective on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a research note on Friday, November 7th. Needham & Company LLC upped their target price on shares of Microchip Technology from $73.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Finally, Raymond James Financial raised their target price on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.11.

Insider Activity

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by insiders.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $64.72 on Friday. The firm has a market cap of $34.98 billion, a P/E ratio of -143.82, a price-to-earnings-growth ratio of 2.23 and a beta of 1.47. The business’s 50 day moving average is $60.13 and its 200-day moving average is $64.53. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the business earned $0.46 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology’s payout ratio is currently -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.