Microchip Technology Incorporated $MCHP Shares Bought by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC grew its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 80.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 8,994 shares of the semiconductor company’s stock after acquiring an additional 4,014 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Microchip Technology were worth $633,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MCHP. Parsons Capital Management Inc. RI acquired a new position in shares of Microchip Technology in the second quarter valued at approximately $280,000. Mizuho Markets Cayman LP purchased a new position in Microchip Technology in the 2nd quarter valued at $107,584,000. Boston Partners increased its stake in Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after buying an additional 4,076,112 shares during the period. Argonautica Private Wealth Management Inc. purchased a new position in Microchip Technology during the 1st quarter worth $428,000. Finally, Charles Schwab Investment Management Inc. raised its position in Microchip Technology by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock worth $158,127,000 after buying an additional 122,633 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Price Performance

MCHP stock opened at $50.87 on Wednesday. The firm has a 50 day moving average of $62.73 and a 200-day moving average of $64.76. The company has a market cap of $27.49 billion, a price-to-earnings ratio of -149.62, a PEG ratio of 1.79 and a beta of 1.57. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $77.20.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.Microchip Technology’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

Insider Activity

In related news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MCHP has been the topic of several analyst reports. Citigroup lowered their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Susquehanna reduced their price objective on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Wells Fargo & Company dropped their target price on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Cantor Fitzgerald cut their target price on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley lifted their price target on Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Microchip Technology has a consensus rating of “Moderate Buy” and an average target price of $73.47.

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.