NBH Bank Buys Shares of 9,777 Microchip Technology Incorporated $MCHP

NBH Bank purchased a new position in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 9,777 shares of the semiconductor company’s stock, valued at approximately $892,000.

A number of other institutional investors have also made changes to their positions in the stock. TOP Private Wealth LLC. acquired a new position in Microchip Technology in the second quarter valued at about $29,000. Raiffeisen Bank International AG grew its position in shares of Microchip Technology by 1,667.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 5,710 shares of the semiconductor company’s stock worth $509,000 after buying an additional 5,387 shares during the period. Rogco LP grew its position in shares of Microchip Technology by 4.9% during the 2nd quarter. Rogco LP now owns 9,652 shares of the semiconductor company’s stock worth $880,000 after buying an additional 447 shares during the period. Barlow Wealth Partners LLC bought a new stake in shares of Microchip Technology in the 2nd quarter valued at about $215,000. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Microchip Technology by 56.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 76,002 shares of the semiconductor company’s stock valued at $6,931,000 after acquiring an additional 27,397 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MCHP has been the topic of several recent analyst reports. Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. increased their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Susquehanna lifted their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. UBS Group reissued a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a report on Friday, August 7th. Finally, BMO Capital Markets started coverage on shares of Microchip Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $95.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus price target of $98.67.

Insider Buying and Selling

In related news, CFO James Bjornholt sold 4,112 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.79% of the company’s stock.

Microchip Technology Price Performance

Shares of MCHP opened at $74.17 on Friday. The stock has a 50 day simple moving average of $79.80 and a 200 day simple moving average of $81.20. Microchip Technology Incorporated has a 52-week low of $48.52 and a 52-week high of $105.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. The firm has a market capitalization of $40.28 billion, a PE ratio of 110.70, a P/E/G ratio of 0.51 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was up 38.0% on a year-over-year basis. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Sell-side analysts predict that Microchip Technology Incorporated will post 3.16 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 24th. Microchip Technology’s payout ratio is currently 271.64%.

About Microchip Technology

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.