Microchip Technology Incorporated $MCHP Shares Sold by Swedbank AB

Swedbank AB reduced its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 33.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,685 shares of the semiconductor company’s stock after selling 12,447 shares during the period. Swedbank AB’s holdings in Microchip Technology were worth $1,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCHP. 1248 Management LLC grew its holdings in Microchip Technology by 101.2% in the 1st quarter. 1248 Management LLC now owns 17,561 shares of the semiconductor company’s stock worth $850,000 after buying an additional 8,832 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Microchip Technology during the 1st quarter valued at $50,000. First Hawaiian Bank lifted its position in shares of Microchip Technology by 23.8% during the 1st quarter. First Hawaiian Bank now owns 40,909 shares of the semiconductor company’s stock valued at $1,980,000 after acquiring an additional 7,856 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Microchip Technology by 17.4% in the first quarter. Inspire Investing LLC now owns 61,632 shares of the semiconductor company’s stock valued at $2,984,000 after purchasing an additional 9,153 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Microchip Technology during the first quarter worth $4,115,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Price Performance

MCHP opened at $64.45 on Wednesday. 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 Incorporated has a 12 month low of $34.13 and a 12 month high of $81.64. The company has a fifty day simple moving average of $67.75 and a 200 day simple moving average of $59.74. The stock has a market cap of $34.78 billion, a P/E ratio of -189.56, a P/E/G ratio of 1.81 and a beta of 1.56.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The company also recently announced 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 was Friday, August 22nd. Microchip Technology’s dividend payout ratio is -535.29%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Needham & Company LLC increased their target price on shares of Microchip Technology from $66.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. KeyCorp lifted their target price on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Rosenblatt Securities lifted their target price on Microchip Technology from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Truist Financial lifted their target price on shares of Microchip Technology from $52.00 to $64.00 and gave the company a “hold” rating in a research note on Wednesday, June 18th. Finally, Stifel Nicolaus boosted their target price on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Insider Transactions at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares in the company, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $505,504.32. Following the completion of the transaction, the chief financial officer owned 30,010 shares of the company’s stock, valued at $2,062,287.20. The trade was a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

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.