Microchip Technology Incorporated $MCHP Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 46.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,498,246 shares of the semiconductor company’s stock after buying an additional 472,042 shares during the quarter. Bank of Montreal Can owned 0.28% of Microchip Technology worth $105,432,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Telos Capital Management Inc. raised its holdings in shares of Microchip Technology by 2.0% in the 2nd quarter. Telos Capital Management Inc. now owns 12,521 shares of the semiconductor company’s stock valued at $881,000 after purchasing an additional 241 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $420,000. iA Global Asset Management Inc. raised its holdings in shares of Microchip Technology by 0.9% in the 2nd quarter. iA Global Asset Management Inc. now owns 59,745 shares of the semiconductor company’s stock valued at $4,204,000 after purchasing an additional 543 shares in the last quarter. Mission Wealth Management LP acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $278,000. Finally, TIAA Trust National Association raised its holdings in shares of Microchip Technology by 12.8% in the 2nd quarter. TIAA Trust National Association now owns 12,076 shares of the semiconductor company’s stock valued at $850,000 after purchasing an additional 1,374 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MCHP shares. Susquehanna raised their price objective on shares of Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. UBS Group raised their price objective on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, July 7th. Citigroup increased their target price on shares of Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, July 7th. TD Cowen dropped their target price on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Finally, Wells Fargo & Company began coverage on shares of Microchip Technology in a research report on Monday, September 15th. They issued an “equal weight” rating and a $60.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.75.

Microchip Technology Trading Down 0.0%

Shares of Microchip Technology stock opened at $62.41 on Tuesday. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The company has a market capitalization of $33.68 billion, a P/E ratio of -183.56, a PEG ratio of 1.79 and a beta of 1.55. The company’s fifty day moving average is $64.82 and its two-hundred day moving average is $63.87.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data 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. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $0.53 EPS. Microchip Technology’s revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, the director directly owned 30,665 shares in the company, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.94% of the company’s stock.

About Microchip Technology

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.