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

Community Bank & Trust Waco Texas cut its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,644 shares of the semiconductor company’s stock after selling 1,697 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Microchip Technology were worth $3,845,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCHP. Garde Capital Inc. bought a new position in shares of Microchip Technology during the first quarter valued at $30,000. MCF Advisors LLC lifted its holdings in shares of Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares during the period. Carderock Capital Management Inc. bought a new position in shares of Microchip Technology during the second quarter valued at $39,000. WPG Advisers LLC acquired a new stake in shares of Microchip Technology in the first quarter valued at $40,000. Finally, Painted Porch Advisors LLC acquired a new stake in shares of Microchip Technology in the second quarter valued at $40,000. 91.51% of the stock is owned by institutional investors.

Microchip Technology Price Performance

Shares of MCHP stock opened at $64.22 on Wednesday. The stock has a 50-day moving average price of $65.88 and a 200 day moving average price of $60.39. 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 firm has a market cap of $34.66 billion, a price-to-earnings ratio of -188.88, a PEG ratio of 1.84 and a beta of 1.56. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $80.33.

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

Microchip Technology Announces Dividend

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

Insider Transactions at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated 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 owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction dated 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 owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MCHP has been the subject of a number of research reports. Piper Sandler raised their target price on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Evercore ISI raised their target price on Microchip Technology from $69.00 to $83.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. Mizuho raised their target price on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. The Goldman Sachs Group initiated coverage on Microchip Technology in a research note on Thursday, July 10th. They issued a “buy” rating and a $88.00 target price for the company. Finally, Wells Fargo & Company initiated coverage on Microchip Technology in a research note on Monday, September 15th. They issued an “equal weight” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.75.

Microchip Technology 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.