Microchip Technology Incorporated $MCHP Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC reduced its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 19.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,093 shares of the semiconductor company’s stock after selling 8,177 shares during the period. Exencial Wealth Advisors LLC’s holdings in Microchip Technology were worth $2,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC increased its position in shares of Microchip Technology by 258.8% during the third quarter. TD Private Client Wealth LLC now owns 65,744 shares of the semiconductor company’s stock worth $4,222,000 after purchasing an additional 47,423 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Microchip Technology during the third quarter worth $32,000. PKO Investment Management Joint Stock Co purchased a new stake in shares of Microchip Technology during the third quarter worth $1,156,000. Nordea Investment Management AB raised its position in shares of Microchip Technology by 12.5% in the third quarter. Nordea Investment Management AB now owns 52,790 shares of the semiconductor company’s stock valued at $3,388,000 after buying an additional 5,857 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Microchip Technology by 6.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,072 shares of the semiconductor company’s stock worth $1,225,000 after buying an additional 1,124 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MCHP. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Wolfe Research set a $85.00 price target on Microchip Technology in a research report on Tuesday, January 6th. Stifel Nicolaus set a $80.00 price target on Microchip Technology and gave the company a “buy” rating in a report on Tuesday, January 6th. Needham & Company LLC boosted their price objective on Microchip Technology from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. upped their target price on Microchip Technology from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.57.

Microchip Technology Trading Up 0.8%

Shares of Microchip Technology stock opened at $74.68 on Thursday. The stock has a 50 day moving average of $62.16 and a 200 day moving average of $65.20. 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 firm has a market capitalization of $40.36 billion, a price-to-earnings ratio of -165.96, a PEG ratio of 2.23 and a beta of 1.46. 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 the consensus estimate 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 positive return on equity of 5.21% and a negative net margin of 4.39%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given 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 dividend yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Insider Activity

In other news, CFO James Eric Bjornholt sold 4,292 shares of the business’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 value of $216,273.88. Following the sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.94% of the company’s stock.

Microchip Technology Company 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.