Corient Private Wealth LLC Has $148.42 Million Stake in Microchip Technology Incorporated $MCHP

Corient Private Wealth LLC raised its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 79.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,109,062 shares of the semiconductor company’s stock after acquiring an additional 936,405 shares during the quarter. Corient Private Wealth LLC’s holdings in Microchip Technology were worth $148,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in shares of Microchip Technology by 7.3% in the 1st quarter. Public Sector Pension Investment Board now owns 83,364 shares of the semiconductor company’s stock valued at $4,036,000 after acquiring an additional 5,655 shares in the last quarter. Horizon Investments LLC boosted its position in Microchip Technology by 3.1% during the first quarter. Horizon Investments LLC now owns 15,531 shares of the semiconductor company’s stock valued at $752,000 after purchasing an additional 467 shares during the last quarter. Aberdeen Group plc grew its stake in Microchip Technology by 115.1% in the first quarter. Aberdeen Group plc now owns 397,205 shares of the semiconductor company’s stock valued at $18,959,000 after purchasing an additional 212,505 shares in the last quarter. Summit Securities Group LLC grew its stake in Microchip Technology by 2,755.3% in the first quarter. Summit Securities Group LLC now owns 2,427 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 2,342 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Microchip Technology by 89.1% during the 1st quarter. Brooklyn Investment Group now owns 4,464 shares of the semiconductor company’s stock worth $216,000 after purchasing an additional 2,103 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MCHP has been the subject of several recent analyst reports. Cantor Fitzgerald cut their price objective on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 7th. KeyCorp reaffirmed an “overweight” rating on shares of Microchip Technology in a research report on Wednesday, December 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 price target on shares of Microchip Technology in a research note on Wednesday, December 3rd. Morgan Stanley boosted their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Citigroup dropped their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.95.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction 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. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.94% of the stock is owned by company insiders.

Microchip Technology Price Performance

Shares of MCHP opened at $67.18 on Monday. The company’s 50-day moving average is $60.42 and its 200-day moving average is $64.99. 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 firm has a market capitalization of $36.31 billion, a PE ratio of -149.29, a PEG ratio of 2.12 and a beta of 1.48. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. Microchip Technology’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. 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 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) 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.