Microchip Technology Incorporated $MCHP Holdings Reduced by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 27.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,892 shares of the semiconductor company’s stock after selling 3,437 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Microchip Technology were worth $626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. bought a new position in shares of Microchip Technology in the first quarter valued at approximately $30,000. MCF Advisors LLC boosted its holdings in shares of Microchip Technology by 211.2% in 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 in the last quarter. Carderock Capital Management Inc. bought a new position in shares of Microchip Technology in the second quarter valued at approximately $39,000. WPG Advisers LLC bought a new position in shares of Microchip Technology in the first quarter valued at approximately $40,000. Finally, Painted Porch Advisors LLC bought a new position in shares of Microchip Technology in the second quarter valued at approximately $40,000. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the transaction, the chief financial officer 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. Company insiders own 1.94% of the company’s stock.

Microchip Technology Stock Up 0.6%

Microchip Technology stock opened at $66.54 on Friday. The company has a market capitalization of $35.91 billion, a P/E ratio of -195.71, a P/E/G ratio of 1.91 and a beta of 1.55. The firm’s fifty day simple moving average is $65.67 and its 200-day simple moving average is $60.62. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.53.

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

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. Microchip Technology’s dividend payout ratio (DPR) is presently -535.29%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of several recent analyst reports. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Evercore ISI increased their price objective on shares of Microchip Technology from $69.00 to $83.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. Piper Sandler increased their target price on shares of Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Mizuho increased their target price on shares of Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company began coverage on shares of Microchip Technology in a research note on Monday, September 15th. They set an “equal weight” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

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.