24,029 Shares in Microchip Technology Incorporated $MCHP Purchased by Hershey Financial Advisers LLC

Hershey Financial Advisers LLC bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 24,029 shares of the semiconductor company’s stock, valued at approximately $1,691,000. Microchip Technology accounts for about 1.5% of Hershey Financial Advisers LLC’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds have also made changes to their positions in the company. MCF Advisors LLC raised its position in shares of Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares during the period. Carderock Capital Management Inc. acquired a new stake in Microchip Technology during the second quarter worth $39,000. WPG Advisers LLC purchased a new stake in Microchip Technology in the first quarter valued at $40,000. Painted Porch Advisors LLC acquired a new position in shares of Microchip Technology in the 2nd quarter valued at $40,000. Finally, Fourth Dimension Wealth LLC grew its holdings 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 during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MCHP. Cantor Fitzgerald reduced their price objective on shares of Microchip Technology from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Truist Financial reissued a “hold” rating and issued a $60.00 price target (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Stifel Nicolaus decreased their price objective 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. Wells Fargo & Company dropped their target price on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, KeyCorp restated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.95.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $67.18 on Friday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20. The company has a fifty day simple moving average of $60.42 and a two-hundred day simple moving average of $64.94. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The company has a market cap of $36.31 billion, a price-to-earnings ratio of -149.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.47.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $0.46 earnings per share. Microchip Technology’s 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. As a group, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Microchip Technology Company 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.