James Eric Bjornholt Sells 837 Shares of Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CFO James Eric Bjornholt sold 837 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $80.26, for a total value of $67,177.62. Following the sale, the chief financial officer directly owned 30,960 shares of the company’s stock, valued at $2,484,849.60. This represents a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

James Eric Bjornholt also recently made the following trade(s):

• On Friday, May 22nd, James Eric Bjornholt sold 3,667 shares of Microchip Technology stock. The stock was sold at an average price of $90.87, for a total value of $333,220.29.

Microchip Technology Stock Down 1.6%

NASDAQ MCHP opened at $75.81 on Friday. Microchip Technology Incorporated has a 52 week low of $48.52 and a 52 week high of $105.91. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $41.17 billion, a P/E ratio of 113.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The stock’s 50-day moving average price is $84.67 and its 200-day moving average price is $81.53.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%.The firm’s revenue was up 38.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, equities research analysts predict that Microchip Technology Incorporated will post 3.16 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Microchip Technology’s dividend payout ratio is presently 271.64%.

Hedge Funds Weigh In On Microchip Technology

Several institutional investors have recently bought and sold shares of MCHP. AQR Capital Management LLC increased its holdings in Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after acquiring an additional 5,835 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Microchip Technology by 101.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 616 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of Microchip Technology by 5.4% in the second quarter. Cresset Asset Management LLC now owns 11,433 shares of the semiconductor company’s stock worth $805,000 after purchasing an additional 589 shares during the last quarter. AXA S.A. increased its holdings in shares of Microchip Technology by 21.3% in the second quarter. AXA S.A. now owns 51,552 shares of the semiconductor company’s stock worth $3,628,000 after purchasing an additional 9,043 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Microchip Technology by 1.6% in the second quarter. Treasurer of the State of North Carolina now owns 246,530 shares of the semiconductor company’s stock worth $17,348,000 after buying an additional 3,851 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MCHP has been the topic of several recent analyst reports. Susquehanna raised their price objective on shares of Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Wells Fargo & Company cut their price target on Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating for the company in a research note on Monday, July 20th. Truist Financial decreased their price target on Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 7th. UBS Group restated a “buy” rating and issued a $120.00 price objective (down from $130.00) on shares of Microchip Technology in a research report on Friday, August 7th. Finally, Citigroup dropped their price objective on Microchip Technology from $113.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Microchip Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.85.

More Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Technical commentary suggests the recently weakened stock could make a contrarian rebound toward $85, based on historical recovery patterns. Deflated Microchip Technology Stock Could Target a Contrarian Move to $85
• Positive Sentiment: Microchip’s AI and data-center opportunities could support a recovery. Recent results also showed strong momentum, with revenue up 38% year over year and earnings exceeding analysts’ expectations; management’s next-quarter EPS guidance of $0.91 to $0.95 is another potential catalyst.
• Positive Sentiment: Cantor Fitzgerald reiterated an Overweight rating, while the broader analyst consensus remains Moderate Buy with an average price target of $98.85, implying meaningful upside from recent levels. Cantor Fitzgerald Reiterates Overweight Rating for Microchip Technology
• Positive Sentiment: The company’s quarterly dividend of $0.455 per share, representing a 2.4% annualized yield, may provide support for income-oriented investors.
• Neutral Sentiment: Former Microchip chief operating officer Richard Simoncic was appointed CEO of Menlo Microsystems. The move highlights the value of Microchip’s executive talent but does not directly change MCHP’s operations or outlook. Menlo Microsystems Appoints Richard Simoncic as Chief Executive Officer
• Negative Sentiment: Zacks Research downgraded MCHP from Strong Buy to Hold, reflecting limited near-term conviction after the recent decline.
• Negative Sentiment: Analysts caution that supply constraints, competitive pressure and MCHP’s elevated valuation could limit near-term gains despite its long-term AI growth prospects. Microchip Stock Drops 9% in a Month: Should You Buy, Sell or Hold it?
• Negative Sentiment: CFO James Eric Bjornholt sold 837 shares for approximately $67,178 at $80.26 each, reducing his direct stake by 2.63%. Although relatively small, the insider sale adds a modest negative signal. Microchip Technology CFO Sells 837 Shares

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.