Community Bank & Trust Waco Texas Sells 1,697 Shares of Microchip Technology Incorporated $MCHP

Community Bank & Trust Waco Texas lessened its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,644 shares of the semiconductor company’s stock after selling 1,697 shares during the period. Community Bank & Trust Waco Texas’ holdings in Microchip Technology were worth $3,845,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MCF Advisors LLC lifted its holdings in shares of Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares in the last quarter. Carderock Capital Management Inc. bought a new position in shares of Microchip Technology during the 2nd quarter valued at about $39,000. Painted Porch Advisors LLC bought a new position in shares of Microchip Technology during the 2nd quarter valued at about $40,000. Garde Capital Inc. bought a new position in shares of Microchip Technology during the 1st quarter valued at about $30,000. Finally, WPG Advisers LLC bought a new position in shares of Microchip Technology during the 1st quarter valued at about $40,000. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Trading Up 0.2%

Shares of Microchip Technology stock opened at $64.22 on Wednesday. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $80.33. The stock has a market cap of $34.66 billion, a P/E ratio of -188.88, a P/E/G ratio of 1.84 and a beta of 1.56. 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 business’s 50 day moving average is $65.88 and its 200-day moving average is $60.39.

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

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s payout ratio is presently -535.29%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price objective on Microchip Technology from $52.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, June 18th. The Goldman Sachs Group began coverage on Microchip Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $88.00 target price on the stock. TD Cowen decreased their price target on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, August 8th. UBS Group raised their price target on shares of Microchip Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Finally, Raymond James Financial raised their price target on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.75.

Insider Buying and Selling

In related news, Director Matthew W. Chapman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, the director directly owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by 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.