Microchip Technology Incorporated $MCHP Shares Sold by Keybank National Association OH

Keybank National Association OH cut its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 18.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,429 shares of the semiconductor company’s stock after selling 1,634 shares during the quarter. Keybank National Association OH’s holdings in Microchip Technology were worth $523,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MCHP. Allspring Global Investments Holdings LLC boosted its position in shares of Microchip Technology by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,054 shares of the semiconductor company’s stock valued at $1,264,000 after purchasing an additional 326 shares during the period. Teacher Retirement System of Texas lifted its position in Microchip Technology by 148.1% during the 1st quarter. Teacher Retirement System of Texas now owns 78,504 shares of the semiconductor company’s stock worth $3,800,000 after acquiring an additional 46,858 shares during the period. OneDigital Investment Advisors LLC lifted its position in Microchip Technology by 39.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 6,394 shares of the semiconductor company’s stock worth $310,000 after acquiring an additional 1,814 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in Microchip Technology by 52.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 13,284 shares of the semiconductor company’s stock worth $643,000 after acquiring an additional 4,545 shares during the period. Finally, Values First Advisors Inc. lifted its position in Microchip Technology by 2.2% during the 1st quarter. Values First Advisors Inc. now owns 20,131 shares of the semiconductor company’s stock worth $975,000 after acquiring an additional 434 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MCHP shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Needham & Company LLC increased their price objective on Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Raymond James Financial increased their target price on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Stifel Nicolaus increased their target price on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.65.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $59.50 on Wednesday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The company has a market capitalization of $32.11 billion, a P/E ratio of -175.00, a PEG ratio of 1.79 and a beta of 1.55. The business has a 50 day moving average price of $64.65 and a 200 day moving average price of $64.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.53 EPS. Microchip Technology’s quarterly 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. Sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Insider Activity at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the sale, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.