Microchip Technology Incorporated (NASDAQ:MCHP) CFO James Eric Bjornholt sold 1,801 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $91.66, for a total transaction of $165,079.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Microchip Technology Incorporated (MCHP) traded down $4.00 during trading on Thursday, reaching $86.58. 4,389,700 shares of the company’s stock were exchanged, compared to its average volume of 2,528,264. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.33 and a quick ratio of 2.71. The firm has a market cap of $21,187.15, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. Microchip Technology Incorporated has a 52-week low of $60.77 and a 52-week high of $95.92.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Monday, November 6th. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.14. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Microchip Technology had a net margin of 16.23% and a return on equity of 35.48%. Microchip Technology’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. research analysts anticipate that Microchip Technology Incorporated will post 5.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.3625 per share. This represents a $1.45 dividend on an annualized basis and a yield of 1.67%. This is a positive change from Microchip Technology’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, November 20th. Microchip Technology’s payout ratio is presently 58.00%.

Several research firms have recently weighed in on MCHP. Mizuho reissued a “neutral” rating and issued a $84.00 target price (up previously from $80.00) on shares of Microchip Technology in a research report on Wednesday, August 9th. Morgan Stanley reissued an “overweight” rating and issued a $94.00 target price on shares of Microchip Technology in a research report on Wednesday, September 20th. Needham & Company LLC boosted their target price on shares of Microchip Technology from $120.00 to $130.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 7th. ValuEngine downgraded shares of Microchip Technology from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Finally, Zacks Investment Research downgraded shares of Microchip Technology from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $99.41.

Institutional investors have recently bought and sold shares of the business. Grove Bank & Trust boosted its stake in Microchip Technology by 15.8% during the 2nd quarter. Grove Bank & Trust now owns 1,390 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 190 shares during the period. Zions Bancorporation boosted its stake in Microchip Technology by 215.5% during the 3rd quarter. Zions Bancorporation now owns 1,224 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 836 shares during the period. Amica Retiree Medical Trust acquired a new position in Microchip Technology during the 3rd quarter valued at about $121,000. Smithfield Trust Co. boosted its stake in Microchip Technology by 0.4% during the 2nd quarter. Smithfield Trust Co. now owns 1,626 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 7 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Microchip Technology during the 3rd quarter valued at about $146,000.

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Microchip Technology Company Profile

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products.

Insider Buying and Selling by Quarter for Microchip Technology (NASDAQ:MCHP)

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