HighTower Advisors LLC Has $4.28 Million Stock Holdings in Microchip Technology Incorporated $MCHP

HighTower Advisors LLC lessened its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,094 shares of the semiconductor company’s stock after selling 5,282 shares during the quarter. HighTower Advisors LLC’s holdings in Microchip Technology were worth $4,275,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Intrua Financial LLC lifted its stake in shares of Microchip Technology by 4.6% during the fourth quarter. Intrua Financial LLC now owns 3,669 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 161 shares during the period. North Dakota State Investment Board acquired a new position in shares of Microchip Technology during the fourth quarter valued at $1,153,000. Soltis Investment Advisors LLC lifted its stake in shares of Microchip Technology by 0.7% during the fourth quarter. Soltis Investment Advisors LLC now owns 22,469 shares of the semiconductor company’s stock valued at $1,432,000 after acquiring an additional 155 shares during the period. iA Global Asset Management Inc. lifted its stake in shares of Microchip Technology by 7.5% during the fourth quarter. iA Global Asset Management Inc. now owns 67,203 shares of the semiconductor company’s stock valued at $4,282,000 after acquiring an additional 4,703 shares during the period. Finally, Canada Post Corp Registered Pension Plan lifted its stake in shares of Microchip Technology by 27.2% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 13,406 shares of the semiconductor company’s stock valued at $854,000 after acquiring an additional 2,870 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 3,667 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $90.87, for a total value of $333,220.29. Following the completion of the sale, the chief financial officer directly owned 28,573 shares in the company, valued at $2,596,428.51. This represents a 11.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $95.48, for a total value of $954,800.00. Following the completion of the sale, the director owned 20,665 shares of the company’s stock, valued at $1,973,094.20. This trade represents a 32.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 545,302 shares of company stock valued at $48,893,475 over the last ninety days. 1.94% of the stock is owned by insiders.

Microchip Technology News Roundup

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip’s presentation at TD Cowen’s Technology, Media & Telecom Conference kept investor focus on management’s latest outlook and execution, which can reinforce confidence in the company’s AI, data center, and industrial demand story. Microchip Technology Incorporated (MCHP) Presents at TD Cowen’s 54th Annual Technology, Media & Telecom Conference Transcript
• Positive Sentiment: New commentary highlighted Microchip as an AI semiconductor beneficiary, citing strong demand trends and improving operating leverage after its recent earnings beat, which supports the bullish case for the stock. Microchip Technology Incorporated (MCHP) Capitalizes on Data Center and AI Boom
• Positive Sentiment: Technical coverage said MCHP recently moved above its 20-day moving average, signaling short-term momentum and suggesting traders are seeing a bullish breakout. Microchip Technology (MCHP) Recently Broke Out Above the 20-Day Moving Average
• Positive Sentiment: Analyst sentiment remains constructive, with several firms reiterating buy ratings and raising price targets after the earnings report, reflecting confidence in the company’s growth and outlook. Why These 3 Automotive & Industrial Chip Stocks Just Soared
• Neutral Sentiment: Microchip was also mentioned in broader “AI stock” and “AI chip” lists, which adds visibility but does not by itself change the company’s fundamentals. 5 AI Stocks to Buy as Markets Defy “Sell in May and Go Away” Adage
• Negative Sentiment: Recent insider selling by the CFO and COO may create some caution among investors, even though the trades were small and the CFO sale was made under a pre-arranged 10b5-1 plan. Insider Selling: Microchip Technology (NASDAQ:MCHP) CFO Sells 3,667 Shares of Stock

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MCHP. UBS Group upped their price target on Microchip Technology from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Rosenblatt Securities upped their price objective on Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Truist Financial upped their price objective on Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a report on Friday, May 8th. Citigroup upped their price objective on Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $125.00 price objective on shares of Microchip Technology in a report on Wednesday, May 13th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and an average price target of $97.52.

Microchip Technology Trading Down 0.8%

NASDAQ MCHP opened at $96.04 on Friday. The stock has a 50-day simple moving average of $81.44 and a 200 day simple moving average of $72.65. The company has a market capitalization of $52.06 billion, a PE ratio of 457.36, a P/E/G ratio of 1.02 and a beta of 1.75. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Research analysts forecast that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, May 22nd. Microchip Technology’s dividend payout ratio is 866.67%.

About Microchip Technology

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.