Wolverine Asset Management LLC Sells 81,774 Shares of Microchip Technology Incorporated $MCHP

Wolverine Asset Management LLC cut its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 98.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 964 shares of the semiconductor company’s stock after selling 81,774 shares during the quarter. Wolverine Asset Management LLC’s holdings in Microchip Technology were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MCHP. Global Trust Asset Management LLC raised its stake in Microchip Technology by 2.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 169 shares during the period. TD Private Client Wealth LLC raised 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 valued at $4,222,000 after buying an additional 47,423 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Microchip Technology in the third quarter worth $32,000. PKO Investment Management Joint Stock Co bought a new position in shares of Microchip Technology during the third quarter worth $1,156,000. Finally, Nordea Investment Management AB grew its stake in Microchip Technology by 12.5% during the third quarter. Nordea Investment Management AB now owns 52,790 shares of the semiconductor company’s stock valued at $3,388,000 after acquiring an additional 5,857 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $74.70 on Monday. The business’s 50 day moving average price is $62.83 and its 200-day moving average price is $65.19. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The company has a market cap of $40.37 billion, a P/E ratio of -166.00, a P/E/G ratio of 2.25 and a beta of 1.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. Microchip Technology’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. Sell-side analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced 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. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the 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 directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

MCHP has been the topic of several research analyst reports. KeyCorp reiterated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Needham & Company LLC boosted their target price on Microchip Technology from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Susquehanna cut their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a report on Friday, November 7th. Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. Finally, Piper Sandler raised their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.38.

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.