Cwm LLC Acquires 11,294 Shares of Microchip Technology Incorporated $MCHP

Cwm LLC increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 27.9% in Q2, acquiring an additional 11,294 shares, bringing its total to 51,831 shares valued at $3.65 million. Other institutional investors also raised their positions. Insider selling was noted, with CFO James Eric Bjornholt and Director Matthew W. Chapman reducing their holdings. Analysts have mixed ratings on MCHP, with target prices ranging from $70 to $85. The stock opened at $65.35, with a market cap of $35.27 billion and a 52-week range of $34.13 to $79.44.

Cwm LLC grew its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 27.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,831 shares of the semiconductor company's stock after purchasing an additional 11,294 shares during the quarter. Cwm LLC's holdings in Microchip Technology were worth $3,647,000 at the end of the most recent reporting period.

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Microchip Technologies on Track for Macro Reversal and Rebound

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd bought a new position in Microchip Technology during the first quarter worth about $369,612,000. Invesco Ltd. boosted its position in Microchip Technology by 63.0% during the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock worth $808,787,000 after purchasing an additional 6,459,123 shares during the period. Goldman Sachs Group Inc. boosted its position in Microchip Technology by 138.9% during the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock worth $427,681,000 after purchasing an additional 5,136,154 shares during the period. Boston Partners boosted its position in Microchip Technology by 35.3% during the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company's stock worth $517,082,000 after purchasing an additional 2,795,650 shares during the period. Finally, Amundi boosted its position in Microchip Technology by 22.7% during the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company's stock worth $484,743,000 after purchasing an additional 1,849,866 shares during the period. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the sale, the chief financial officer owned 30,010 shares of the company's stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director directly owned 30,665 shares of the company's stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

MarketBeat Week in Review – 05/12 - 05/16

Several equities analysts recently commented on MCHP shares. Zacks Research cut shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Mizuho upped their target price on shares of Microchip Technology from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Raymond James Financial upped their target price on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a "strong-buy" rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Microchip Technology in a report on Wednesday, October 8th. Finally, KeyCorp upped their target price on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Microchip Technology presently has an average rating of "Moderate Buy" and an average price target of $75.75.

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Microchip Technology Stock Up 0.2%

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MCHP opened at $65.35 on Friday. The stock has a market cap of $35.27 billion, a PE ratio of -192.21, a P/E/G ratio of 1.87 and a beta of 1.55. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44. The business's fifty day simple moving average is $65.12 and its 200 day simple moving average is $61.41.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company's revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.8%. Microchip Technology's dividend payout ratio (DPR) is -535.29%.

Microchip Technology Profile

(Free Report)

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.

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Cwm LLC Acquires 11,294 Shares of Microchip Technology Incorporated $MCHP

Insider Buying and Selling

Wall Street Analyst Weigh In

Microchip Technology Stock Up 0.2%

Microchip Technology Dividend Announcement

Microchip Technology Profile

Further Reading

Should You Invest $1,000 in Microchip Technology Right Now?