Microchip Technology Incorporated $MCHP Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,776 shares of the semiconductor company’s stock after selling 12,529 shares during the period. M&T Bank Corp’s holdings in Microchip Technology were worth $16,592,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Microchip Technology by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 70,568,004 shares of the semiconductor company’s stock valued at $4,965,870,000 after purchasing an additional 1,265,390 shares in the last quarter. Invesco Ltd. boosted its stake in Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after acquiring an additional 6,459,123 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Microchip Technology by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after purchasing an additional 152,434 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Microchip Technology by 2.4% in the second quarter. Geode Capital Management LLC now owns 14,842,341 shares of the semiconductor company’s stock worth $1,040,544,000 after purchasing an additional 343,210 shares during the period. Finally, Boston Partners raised its stake in Microchip Technology by 38.2% during the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after acquiring an additional 4,101,034 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Performance

Shares of MCHP opened at $56.71 on Wednesday. The company has a 50-day moving average of $60.17 and a two-hundred day moving average of $64.53. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The stock has a market cap of $30.65 billion, a price-to-earnings ratio of -166.79, a PEG ratio of 1.79 and a beta of 1.57.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm posted $0.46 earnings per share. Microchip Technology’s revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.2%. Microchip Technology’s dividend payout ratio is currently -404.44%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MCHP shares. Susquehanna cut their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Stifel Nicolaus decreased their price objective on Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a report on Friday, November 7th. Cantor Fitzgerald decreased their price target on Microchip Technology from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Finally, Wells Fargo & Company decreased their target price on shares of Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.47.

Microchip Technology Company 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.