Microchip Technology Incorporated $MCHP Position Trimmed by Greenleaf Trust

Greenleaf Trust lowered its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.5% in the 2nd quarter, Holdings Channel reports. The fund owned 24,052 shares of the semiconductor company’s stock after selling 881 shares during the period. Greenleaf Trust’s holdings in Microchip Technology were worth $1,693,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Microchip Technology by 8,371.3% during the 1st quarter. GAMMA Investing LLC now owns 480,324 shares of the semiconductor company’s stock valued at $23,252,000 after purchasing an additional 474,654 shares in the last quarter. Parallel Advisors LLC lifted its stake in Microchip Technology by 20.7% during the first quarter. Parallel Advisors LLC now owns 5,709 shares of the semiconductor company’s stock valued at $276,000 after buying an additional 981 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Microchip Technology by 51.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 9,349 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 3,195 shares in the last quarter. Rhumbline Advisers lifted its stake in Microchip Technology by 3.7% during the first quarter. Rhumbline Advisers now owns 975,081 shares of the semiconductor company’s stock valued at $47,204,000 after buying an additional 34,416 shares in the last quarter. Finally, Czech National Bank lifted its stake in Microchip Technology by 6.1% during the first quarter. Czech National Bank now owns 123,528 shares of the semiconductor company’s stock valued at $5,980,000 after buying an additional 7,093 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value 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 represents a 24.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Stock Up 0.2%

Shares of NASDAQ:MCHP opened at $64.22 on Wednesday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $80.33. 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’s fifty day moving average is $65.88 and its 200-day moving average is $60.39. The company has a market capitalization of $34.66 billion, a PE ratio of -188.88, a P/E/G ratio of 1.84 and a beta of 1.56.

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

Microchip Technology Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology’s dividend payout ratio is presently -535.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on MCHP shares. Raymond James Financial upped their price objective on shares of Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Friday, August 8th. Piper Sandler lifted their target price on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. TD Cowen reduced their target price on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, August 8th. 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 price target on the stock. Finally, Needham & Company LLC lifted their price target on shares of Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $75.75.

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.