Ethic Inc. Has $4.43 Million Stake in Microchip Technology Incorporated $MCHP

Ethic Inc. reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 24.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,951 shares of the semiconductor company’s stock after selling 22,089 shares during the quarter. Ethic Inc.’s holdings in Microchip Technology were worth $4,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MCHP. MCF Advisors LLC increased its stake in Microchip Technology by 211.2% in 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 in the last quarter. Carderock Capital Management Inc. bought a new position in Microchip Technology during the second quarter worth about $39,000. Painted Porch Advisors LLC acquired a new position in Microchip Technology in the second quarter valued at about $40,000. Fourth Dimension Wealth LLC increased its holdings in shares of Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 298 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Microchip Technology by 78.1% during the second quarter. State of Wyoming now owns 618 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 271 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the company’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 value of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on MCHP shares. Needham & Company LLC boosted their price objective on Microchip Technology from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley upped their price target 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. Truist Financial restated a “hold” rating and set a $60.00 price objective (down from $64.00) on shares of Microchip Technology in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lowered their target price on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $76.00.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $64.68 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The stock has a 50 day moving average price of $60.39 and a 200 day moving average price of $65.05. The stock has a market capitalization of $34.96 billion, a PE ratio of -143.73, a price-to-earnings-growth ratio of 2.02 and a beta of 1.47. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $77.20.

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

Microchip Technology Dividend Announcement

The firm 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. The ex-dividend date was Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is presently -404.44%.

Microchip Technology 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.