Clear Trail Advisors LLC Purchases Shares of 8,802 Microchip Technology Incorporated $MCHP

Clear Trail Advisors LLC acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 8,802 shares of the semiconductor company’s stock, valued at approximately $561,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Microchip Technology by 2.1% in the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock valued at $4,628,692,000 after buying an additional 1,507,554 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Microchip Technology by 13.5% during the third quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock worth $13,447,000 after acquiring an additional 24,963 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Microchip Technology by 498.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock valued at $130,675,000 after acquiring an additional 1,694,533 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Microchip Technology by 18.7% in the 3rd quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock valued at $79,184,000 after purchasing an additional 194,048 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Microchip Technology by 37.2% in the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock valued at $215,881,000 after purchasing an additional 911,731 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

MCHP has been the topic of several research analyst reports. Bank of America raised shares of Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Microchip Technology in a report on Wednesday, February 4th. Truist Financial boosted their price objective on shares of Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a report on Friday, February 6th. Argus raised Microchip Technology to a “strong-buy” rating in a research report on Monday, February 9th. Finally, BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $64.34 on Tuesday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $83.35. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock has a market cap of $34.82 billion, a PE ratio of -221.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.45. The business has a 50-day simple moving average of $73.12 and a 200-day simple moving average of $66.59.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.Microchip Technology’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is presently -627.59%.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.94% of the stock is currently owned by company insiders.

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.