DekaBank Deutsche Girozentrale Sells 7,095 Shares of Microchip Technology Incorporated $MCHP

DekaBank Deutsche Girozentrale reduced its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.6% in the 2nd quarter, Holdings Channel reports. The fund owned 269,062 shares of the semiconductor company’s stock after selling 7,095 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Microchip Technology were worth $19,102,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MCF Advisors LLC increased its holdings in shares of Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 321 shares in the last quarter. Carderock Capital Management Inc. bought a new stake in shares of Microchip Technology in the second quarter worth about $39,000. WPG Advisers LLC bought a new position in shares of Microchip Technology during the first quarter worth about $40,000. Painted Porch Advisors LLC bought a new position in shares of Microchip Technology during the second quarter worth about $40,000. Finally, GW&K Investment Management LLC grew its holdings in shares of Microchip Technology by 161.0% during the first quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company’s stock worth $45,000 after buying an additional 578 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Trading Down 4.5%

NASDAQ MCHP opened at $64.50 on Thursday. The company has a market cap of $34.81 billion, a price-to-earnings ratio of -189.71, a price-to-earnings-growth ratio of 1.93 and a beta of 1.55. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $79.44. The business’s fifty day moving average is $65.35 and its 200 day moving average is $62.03. 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 announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.53 EPS. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s payout ratio is currently -535.29%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on Microchip Technology in a report on Monday, September 15th. They set an “equal weight” rating and a $60.00 price objective for the company. Stifel Nicolaus increased their price objective on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Mizuho increased their price objective on Microchip Technology from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th. Piper Sandler increased their price target on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC increased their price target on Microchip Technology from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction that occurred 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 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. The trade was a 19.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Microchip Technology 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.