Atlas Capital Advisors Inc. Takes $377,000 Position in Microchip Technology Incorporated $MCHP

Atlas Capital Advisors Inc. bought a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) in the 4th quarter, Holdings Channel reports. The fund bought 5,920 shares of the semiconductor company’s stock, valued at approximately $377,000.

Several other large investors also recently modified their holdings of the business. MCF Advisors LLC grew its stake in shares of Microchip Technology by 25.8% during the fourth quarter. MCF Advisors LLC now owns 659 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 135 shares in the last quarter. Gagnon Securities LLC grew its stake in shares of Microchip Technology by 0.5% during the fourth quarter. Gagnon Securities LLC now owns 27,162 shares of the semiconductor company’s stock valued at $1,731,000 after acquiring an additional 137 shares in the last quarter. Millstone Evans Group LLC grew its stake in shares of Microchip Technology by 23.7% during the fourth quarter. Millstone Evans Group LLC now owns 742 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 142 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Microchip Technology by 1.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 8,973 shares of the semiconductor company’s stock valued at $572,000 after acquiring an additional 143 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Microchip Technology by 0.7% during the fourth quarter. UMB Bank n.a. now owns 21,443 shares of the semiconductor company’s stock worth $1,366,000 after purchasing an additional 146 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Microchip Technology news, COO Richard J. Simoncic sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total value of $487,600.00. Following the sale, the chief operating officer owned 130,508 shares in the company, valued at approximately $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 3,667 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $90.87, for a total transaction of $333,220.29. Following the transaction, the chief financial officer owned 28,573 shares in the company, valued at $2,596,428.51. This represents a 11.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 553,302 shares of company stock worth $49,673,635 over the last ninety days. 1.94% of the stock is owned by company insiders.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $100.32 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average price is $88.55 and its two-hundred day moving average price is $76.12. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91. The stock has a market capitalization of $54.38 billion, a P/E ratio of 477.74, a P/E/G ratio of 1.00 and a beta of 1.73.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business earned $0.11 earnings per share. Microchip Technology’s revenue 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. As a group, sell-side analysts forecast that Microchip Technology Incorporated will post 2.58 earnings per share for the current year.

Microchip Technology Announces Dividend

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

Wall Street Analyst Weigh In

MCHP has been the topic of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Microchip Technology in a research report on Tuesday, June 2nd. Wells Fargo & Company increased their price target on shares of Microchip Technology from $75.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Truist Financial increased their price target on shares of Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Susquehanna increased their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and a consensus price target of $98.18.

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.