James Eric Bjornholt Sells 4,292 Shares of Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Microchip Technology Trading Up 1.4%

NASDAQ:MCHP opened at $52.57 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $77.20. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of -154.62, a PEG ratio of 1.79 and a beta of 1.57. The business’s 50-day moving average price is $60.83 and its two-hundred day moving average price is $64.63.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 3.5%. Microchip Technology’s payout ratio is -404.44%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC increased its holdings in Microchip Technology by 18.2% during the third quarter. CIBC Private Wealth Group LLC now owns 1,470,059 shares of the semiconductor company’s stock worth $94,407,000 after buying an additional 226,078 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Microchip Technology in the 3rd quarter valued at about $6,051,000. Coldstream Capital Management Inc. increased its stake in shares of Microchip Technology by 22.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 18,576 shares of the semiconductor company’s stock worth $1,193,000 after purchasing an additional 3,392 shares during the last quarter. Danske Bank A S bought a new stake in shares of Microchip Technology in the 3rd quarter valued at about $16,493,000. Finally, Stance Capital LLC acquired a new stake in Microchip Technology in the 3rd quarter valued at about $1,334,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MCHP shares. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Wells Fargo & Company cut their price target on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Citigroup lowered their price objective on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Truist Financial reaffirmed a “hold” rating and issued a $60.00 target price (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.47.

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.