Banco Bilbao Vizcaya Argentaria S.A. Has $3.52 Million Stock Holdings in Microchip Technology Incorporated $MCHP

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,096 shares of the semiconductor company’s stock after selling 5,117 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Microchip Technology were worth $3,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Intrua Financial LLC bought a new stake in Microchip Technology in the 2nd quarter valued at about $335,000. Clearstead Trust LLC grew its stake in Microchip Technology by 26.4% in the second quarter. Clearstead Trust LLC now owns 2,978 shares of the semiconductor company’s stock valued at $210,000 after acquiring an additional 622 shares during the period. Arvest Bank Trust Division bought a new stake in shares of Microchip Technology during the second quarter valued at approximately $241,000. ABN Amro Investment Solutions acquired a new position in shares of Microchip Technology during the second quarter worth approximately $7,227,000. Finally, Smithfield Trust Co lifted its holdings in shares of Microchip Technology by 20.2% in the 2nd quarter. Smithfield Trust Co now owns 5,199 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 874 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In related 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 completion of the sale, the chief financial officer owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the business’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 completion of the transaction, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Cantor Fitzgerald cut their price target on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, Susquehanna decreased their price objective on Microchip Technology from $85.00 to $75.00 and set a “positive” rating for the company in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $53.48 on Friday. The company has a market capitalization of $28.90 billion, a PE ratio of -157.29, a PEG ratio of 1.79 and a beta of 1.57. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $63.28 and its 200-day moving average price is $64.57. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $77.20.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion for 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%.Microchip Technology’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 3.4%. Microchip Technology’s dividend payout ratio is presently -404.44%.

Microchip Technology Company 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.