Microchip Technology Incorporated $MCHP Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 74.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,639 shares of the semiconductor company’s stock after selling 10,351 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Microchip Technology were worth $232,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Microchip Technology by 8.5% in the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock valued at $2,244,016,000 after buying an additional 2,489,258 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Microchip Technology by 25.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock worth $709,506,000 after buying an additional 2,257,932 shares during the last quarter. Holocene Advisors LP grew its holdings in Microchip Technology by 77.0% during the third quarter. Holocene Advisors LP now owns 4,709,538 shares of the semiconductor company’s stock worth $302,447,000 after acquiring an additional 2,049,249 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Microchip Technology by 582.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,154,164 shares of the semiconductor company’s stock worth $151,589,000 after acquiring an additional 1,838,300 shares during the period. Finally, Rafferty Asset Management LLC raised its position in Microchip Technology by 41.0% during the second quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock valued at $436,559,000 after acquiring an additional 1,803,945 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

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

Microchip Technology Price Performance

Shares of MCHP opened at $65.60 on Monday. The firm has a market cap of $35.50 billion, a P/E ratio of -226.21, a PEG ratio of 0.91 and a beta of 1.49. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $83.35. The stock’s 50 day moving average is $71.24 and its two-hundred day moving average is $66.55. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82.

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

Microchip Technology Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wolfe Research set a $85.00 price target on Microchip Technology in a report on Tuesday, January 6th. B. Riley Financial lifted their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 12th. Cantor Fitzgerald boosted their target price on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, February 2nd. Stifel Nicolaus set a $90.00 price target on shares of Microchip Technology in a report on Friday, February 6th. Finally, Citigroup dropped their price target on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.