Keybank National Association OH Grows Stake in Microchip Technology Incorporated $MCHP

Keybank National Association OH boosted its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 161.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,460 shares of the semiconductor company’s stock after buying an additional 8,321 shares during the period. Keybank National Association OH’s holdings in Microchip Technology were worth $870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MCHP. Root Financial Partners LLC raised its stake in Microchip Technology by 80.7% in the 1st quarter. Root Financial Partners LLC now owns 656 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 293 shares during the last quarter. Essex Financial Services Inc. purchased a new stake in shares of Microchip Technology during the first quarter worth $254,000. Deltec Asset Management LLC acquired a new stake in shares of Microchip Technology in the first quarter valued at about $678,000. Fulton Bank N.A. raised its position in shares of Microchip Technology by 2.7% in the first quarter. Fulton Bank N.A. now owns 12,948 shares of the semiconductor company’s stock valued at $837,000 after buying an additional 338 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Microchip Technology by 6.3% in the first quarter. IFM Investors Pty Ltd now owns 106,105 shares of the semiconductor company’s stock worth $6,855,000 after buying an additional 6,312 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity at Microchip Technology

In other news, COO Richard J. Simoncic sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total value of $487,600.00. Following the sale, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at approximately $12,727,140.16. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James Eric Bjornholt sold 3,667 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $90.87, for a total transaction of $333,220.29. Following the completion of the transaction, the chief financial officer owned 28,573 shares in the company, valued at approximately $2,596,428.51. This represents a 11.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 553,302 shares of company stock worth $49,673,635. 1.94% of the stock is owned by corporate insiders.

Key Microchip Technology News

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

• Positive Sentiment: New coverage highlighted Microchip’s improving outlook from rising demand for mixed-signal MCUs, especially as industrial, automotive, aerospace and data center bookings recover. Microchip Gains From Rising Mixed-Signal MCU Demand: What’s Ahead?
• Positive Sentiment: Another article pointed to AI-driven semiconductor sales lifting the broader chip group, with MCHP named as one of the stocks positioned to benefit from record industry demand. AI Powering Semiconductor Sales: 4 Stocks to Boost Your Portfolio
• Positive Sentiment: Several reports noted a rebound in semiconductor shares after a recent selloff, which helped lift Microchip along with peers and supports sentiment around the stock. Monolithic Power Systems, Vishay Intertechnology, and Microchip Technology Stocks Trade Up, What You Need To Know
• Neutral Sentiment: Analysts remain generally constructive, with recent Buy/Outperform ratings and price targets suggesting upside, but the stock has already rallied sharply and some investors may be weighing valuation against the growth outlook. Microchip Technology (MCHP) Stock Continue To Drop, Here’s Why Some Analysts Still See Upside
• Negative Sentiment: Recent commentary also warned that momentum may be vulnerable to market-risk and valuation concerns after a strong six-month run, which can pressure the shares even when fundamentals are improving. MPWR Rises 40.4% in Six Months: Should You Bet on the Stock?

Analyst Ratings Changes

Several brokerages recently issued reports on MCHP. Citigroup upped their price objective on shares of Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Truist Financial boosted their target price on Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $125.00 price target on shares of Microchip Technology in a research report on Wednesday, May 13th. Susquehanna increased their price target on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a report on Friday, May 8th. Finally, Weiss Ratings upgraded Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.18.

Microchip Technology Stock Down 3.9%

Shares of NASDAQ MCHP opened at $84.15 on Wednesday. The company has a market capitalization of $45.62 billion, a P/E ratio of 400.73, a P/E/G ratio of 0.90 and a beta of 1.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18. The company has a 50 day simple moving average of $93.62 and a 200-day simple moving average of $79.45. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, equities research analysts predict that Microchip Technology Incorporated will post 2.66 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s payout ratio is 866.67%.

Microchip Technology 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.