Trust Co. of Toledo NA OH Sells 1,937 Shares of Microchip Technology Incorporated $MCHP

Trust Co. of Toledo NA OH cut its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 3.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,787 shares of the semiconductor company’s stock after selling 1,937 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Microchip Technology were worth $3,926,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd bought a new position in shares of Microchip Technology during the 1st quarter worth approximately $369,612,000. Invesco Ltd. increased its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 in the last quarter. Boston Partners increased its position in Microchip Technology by 35.3% during the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock valued at $517,082,000 after buying an additional 2,795,650 shares in the last quarter. Finally, Amundi increased its position in Microchip Technology by 22.7% during the 1st quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock valued at $484,743,000 after buying an additional 1,849,866 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Down 8.3%

Microchip Technology stock opened at $60.41 on Friday. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of -177.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.55. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $79.44. The business’s 50-day moving average price is $65.26 and its 200 day moving average price is $61.00. 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 (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned $0.53 EPS. The business’s revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MCHP shares. The Goldman Sachs Group started coverage on shares of Microchip Technology in a report on Thursday, July 10th. They set a “buy” rating and a $88.00 price objective on the stock. Piper Sandler upped their price target 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. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday. Mizuho upped their target price on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Finally, Cantor Fitzgerald initiated coverage on Microchip Technology in a report on Wednesday, June 18th. They issued a “neutral” rating and a $70.00 price objective on the stock. One research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology 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 sale, the chief financial officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology 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 in the company, valued at $2,092,886.25. This represents a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

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.