Cypress Capital Group Sells 315 Shares of Microchip Technology Incorporated $MCHP

Cypress Capital Group lowered its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,263 shares of the semiconductor company’s stock after selling 315 shares during the quarter. Cypress Capital Group’s holdings in Microchip Technology were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Mechanics Financial Corp lifted its holdings in shares of Microchip Technology by 3.4% in the 2nd quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock worth $353,000 after acquiring an additional 167 shares during the last quarter. Global X Japan Co. Ltd. lifted its holdings in shares of Microchip Technology by 0.4% in the 2nd quarter. Global X Japan Co. Ltd. now owns 45,705 shares of the semiconductor company’s stock worth $3,216,000 after acquiring an additional 174 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in shares of Microchip Technology by 18.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,206 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 192 shares during the last quarter. Grimes & Company Inc. lifted its holdings in shares of Microchip Technology by 4.3% in the 2nd quarter. Grimes & Company Inc. now owns 5,237 shares of the semiconductor company’s stock worth $369,000 after acquiring an additional 217 shares during the last quarter. Finally, Clearstead Trust LLC lifted its holdings in shares of Microchip Technology by 10.5% in the 1st quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Trading Up 6.6%

MCHP stock opened at $64.39 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The company has a market capitalization of $34.75 billion, a PE ratio of -189.38, a P/E/G ratio of 1.73 and a beta of 1.55. The firm’s 50-day moving average is $65.21 and its 200 day moving average is $61.24. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $79.44.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current 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 of this dividend 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 (DPR) is -535.29%.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the firm’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 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 document filed with the SEC, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’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 directly owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Zacks Research lowered shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. The Goldman Sachs Group initiated coverage on shares of Microchip Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $88.00 price target on the stock. TD Cowen reduced their price target on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, August 8th. Finally, Raymond James Financial raised their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus price target of $75.75.

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.