Wealth Enhancement Advisory Services LLC Decreases Stake in Microchip Technology Incorporated $MCHP

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 408,385 shares of the semiconductor company’s stock after selling 12,810 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.08% of Microchip Technology worth $26,529,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Florida Trust Wealth Management Co boosted its holdings in shares of Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 157 shares during the last quarter. Quantum Portfolio Management LLC acquired a new stake in shares of Microchip Technology in the third quarter valued at approximately $670,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Microchip Technology during the third quarter worth approximately $94,000. Lmcg Investments LLC boosted its stake in Microchip Technology by 1.9% during the third quarter. Lmcg Investments LLC now owns 107,767 shares of the semiconductor company’s stock worth $6,921,000 after buying an additional 2,037 shares during the last quarter. Finally, Confluence Wealth Services Inc. boosted its stake in Microchip Technology by 1.7% during the third quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock worth $706,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Trading Up 4.1%

Shares of MCHP stock opened at $76.20 on Thursday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The firm has a market cap of $41.18 billion, a PE ratio of -169.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.46. The company has a 50-day moving average of $64.00 and a two-hundred day moving average of $65.29. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20.

Microchip Technology (NASDAQ:MCHP) last issued 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. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 2.4%. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

MCHP has been the topic of several analyst reports. Mizuho lifted their price target on Microchip Technology from $80.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Truist Financial restated a “hold” rating and set a $60.00 price objective (down from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. Piper Sandler lifted their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Susquehanna dropped their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Finally, Cantor Fitzgerald raised shares of Microchip Technology from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $65.00 to $85.00 in a research report on Tuesday, December 16th. One 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.67.

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.