Fifth Third Bancorp Has $27.25 Million Holdings in Microchip Technology Incorporated $MCHP

Fifth Third Bancorp trimmed its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,302 shares of the semiconductor company’s stock after selling 9,191 shares during the period. Fifth Third Bancorp owned 0.08% of Microchip Technology worth $27,249,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MCHP. Winnow Wealth LLC acquired a new stake in shares of Microchip Technology in the third quarter valued at $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology during the 3rd quarter worth about $28,000. Salomon & Ludwin LLC increased its position in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares in the last quarter. Quent Capital LLC bought a new position in shares of Microchip Technology in the third quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Microchip Technology by 106.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MCHP. Jefferies Financial Group reissued a “hold” rating on shares of Microchip Technology in a report on Wednesday, February 4th. UBS Group lifted their target price on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Barclays assumed coverage on Microchip Technology in a research report on Thursday, February 12th. They set an “equal weight” rating and a $80.00 target price for the company. B. Riley Financial raised their price target on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Cantor Fitzgerald boosted their price objective on Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and an average price target of $86.00.

Insider Activity

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction dated 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 directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 121,615 shares of company stock worth $9,641,654. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP opened at $78.56 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year high of $83.35. The stock has a market cap of $42.51 billion, a P/E ratio of -270.90, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. The stock’s 50-day moving average price is $71.94 and its two-hundred day moving average price is $65.85.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.Microchip Technology’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. On average, equities analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is presently -627.59%.

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.