MetLife Investment Management LLC Cuts Stock Holdings in Microchip Technology Incorporated $MCHP

MetLife Investment Management LLC trimmed its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 1.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 139,549 shares of the semiconductor company’s stock after selling 2,466 shares during the period. MetLife Investment Management LLC’s holdings in Microchip Technology were worth $6,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Northwest Bank & Trust Co increased its holdings in shares of Microchip Technology by 3.0% during the 4th quarter. Northwest Bank & Trust Co now owns 7,392 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 217 shares in the last quarter. Clearstead Trust LLC increased its holdings in shares of Microchip Technology by 10.5% during the 1st quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 224 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Microchip Technology by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 46,235 shares of the semiconductor company’s stock valued at $2,238,000 after purchasing an additional 230 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Microchip Technology by 1.0% during the 1st quarter. Greenleaf Trust now owns 24,933 shares of the semiconductor company’s stock valued at $1,207,000 after purchasing an additional 242 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Microchip Technology by 3.4% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 8,360 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 276 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Trading Down 1.4%

Shares of MCHP opened at $66.65 on Thursday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $82.65. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average is $69.55 and its two-hundred day moving average is $59.07. The stock has a market cap of $35.97 billion, a PE ratio of -196.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last announced its 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. 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 analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The firm’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. Research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, August 22nd. Microchip Technology’s payout ratio is -535.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price 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. Piper Sandler boosted their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Mizuho boosted their price target on shares of Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Stifel Nicolaus boosted their price target on shares of Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Needham & Company LLC boosted their price target on shares of Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.58.

Insider Buying and Selling at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the business’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 approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Microchip Technology Company Profile

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.