Microchip Technology Incorporated $MCHP Stake Lessened by SVB Wealth LLC

SVB Wealth LLC cut its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 27.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,916 shares of the semiconductor company’s stock after selling 10,611 shares during the period. SVB Wealth LLC’s holdings in Microchip Technology were worth $1,804,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MCHP. EFG International AG acquired a new stake in shares of Microchip Technology in the 4th quarter valued at about $29,000. Miller Capital Partners Inc. bought a new stake in Microchip Technology in the fourth quarter valued at about $29,000. Reflection Asset Management acquired a new stake in Microchip Technology during the fourth quarter valued at approximately $33,000. Garton & Associates Financial Advisors LLC bought a new position in Microchip Technology during the 4th quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Microchip Technology by 4,663.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock worth $33,000 after buying an additional 513 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Microchip Technology

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

Microchip Technology Stock Performance

Shares of MCHP stock opened at $93.26 on Wednesday. Microchip Technology Incorporated has a 12-month low of $48.52 and a 12-month high of $105.91. The firm has a market capitalization of $50.55 billion, a price-to-earnings ratio of 444.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.73. The business has a 50 day simple moving average of $91.98 and a 200 day simple moving average of $77.91. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, equities research analysts anticipate that Microchip Technology Incorporated will post 2.59 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s payout ratio is currently 866.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating on shares of Microchip Technology in a report on Tuesday, June 2nd. Truist Financial lifted their price objective on shares of Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.18.

Microchip Technology Company 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.