Corient Private Wealth LLC Sells 247,319 Shares of Microchip Technology Incorporated $MCHP

Corient Private Wealth LLC lessened its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 23.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 786,317 shares of the semiconductor company’s stock after selling 247,319 shares during the quarter. Corient Private Wealth LLC’s holdings in Microchip Technology were worth $50,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EFG International AG purchased a new stake in Microchip Technology in the 4th quarter valued at about $29,000. Miller Capital Partners Inc. bought a new position in Microchip Technology in the 4th quarter worth about $29,000. Reflection Asset Management purchased a new position in shares of Microchip Technology during the fourth quarter worth approximately $33,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Microchip Technology during the fourth quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Microchip Technology by 4,663.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 513 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCHP. Barclays boosted their price target on Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings raised Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Needham & Company LLC upped their target price on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Citigroup increased their price target on Microchip Technology from $91.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Microchip Technology presently has an average rating of “Moderate Buy” and a consensus target price of $98.18.

Trending Headlines about Microchip Technology

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

• Positive Sentiment: Microchip’s recent earnings update showed revenue and EPS above expectations, with management pointing to improving bookings, stronger visibility, and continued inventory normalization — all signs that the demand rebound is sticking. Microchip (MCHP) Releases TimePictra 12 for Advanced Synchronization Management
• Positive Sentiment: Investor enthusiasm is also being helped by Microchip’s TimePictra 12 release and new connectivity products aimed at telecom, data centers, and critical infrastructure, which could support future growth in higher-value markets. Microchip (MCHP) Releases TimePictra 12 for Advanced Synchronization Management
• Positive Sentiment: Technical traders are also viewing the stock favorably after MCHP moved above its 20-day moving average, which can reinforce short-term bullish momentum. Microchip Technology (MCHP) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Positive Sentiment: Analyst sentiment remains supportive, with several firms rating the stock Buy or Overweight and recent price targets clustering above current levels, reinforcing the recovery narrative. Here’s Why Microchip Technology (MCHP) Is a Great Momentum Stock to Buy
• Neutral Sentiment: Broader market commentary highlighted strength in chips and AI-related names, which is helping lift sentiment across the semiconductor group, including MCHP. Dow Jones Futures: Nvidia Leads 5 Chips Near Buy Points; SpaceX Stock Needs This
• Negative Sentiment: One cautionary note: insider activity over the past several months has skewed entirely toward selling, which may temper some enthusiasm despite the improving fundamentals.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 3,667 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at approximately $2,596,428.51. The trade was a 11.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew W. Chapman sold 3,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $97.52, for a total value of $292,560.00. Following the sale, the director owned 17,665 shares of the company’s stock, valued at $1,722,690.80. This trade represents a 14.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 553,302 shares of company stock worth $49,673,635 over the last quarter. Insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP opened at $99.77 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09. The company has a 50 day moving average price of $90.91 and a 200-day moving average price of $77.38. Microchip Technology Incorporated has a fifty-two week low of $48.52 and a fifty-two week high of $105.91. The stock has a market capitalization of $54.08 billion, a PE ratio of 475.12, a PEG ratio of 1.04 and a beta of 1.73.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. Microchip Technology’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities analysts predict that Microchip Technology Incorporated will post 2.59 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is 866.67%.

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.