Microchip Technology Incorporated $MCHP Shares Bought by Keybank National Association OH

Keybank National Association OH grew its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 161.9% during the first quarter, Holdings Channel reports. The firm owned 13,460 shares of the semiconductor company’s stock after purchasing an additional 8,321 shares during the quarter. Keybank National Association OH’s holdings in Microchip Technology were worth $870,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. EFG International AG acquired a new position in shares of Microchip Technology in the fourth quarter valued at approximately $29,000. Miller Capital Partners Inc. acquired a new stake in Microchip Technology during the 4th quarter worth approximately $29,000. Reflection Asset Management purchased a new position in Microchip Technology in the 4th quarter valued at approximately $33,000. Garton & Associates Financial Advisors LLC purchased a new position in Microchip Technology in the 4th quarter valued at approximately $33,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Microchip Technology by 4,663.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 513 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MCHP shares. Truist Financial lifted their target price on Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a report on Friday, May 8th. Needham & Company LLC upped their price target on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Barclays increased their price target on Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Weiss Ratings raised Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen upgraded shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.18.

Microchip Technology Stock Down 3.9%

Shares of NASDAQ MCHP opened at $84.15 on Wednesday. The company has a market capitalization of $45.62 billion, a price-to-earnings ratio of 400.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18. The business has a 50-day moving average of $93.62 and a two-hundred day moving average of $79.45. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, analysts forecast that Microchip Technology Incorporated will post 2.66 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s dividend payout ratio is currently 866.67%.

Insider Activity at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $97.52, for a total transaction of $292,560.00. Following the sale, the director owned 17,665 shares of the company’s stock, valued at approximately $1,722,690.80. This trade represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Richard J. Simoncic sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $97.52, for a total transaction of $487,600.00. Following the sale, the chief operating officer owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This represents a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 553,302 shares of company stock worth $49,673,635 in the last ninety days. Company insiders own 1.94% of the company’s stock.

Key Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: New coverage highlighted Microchip’s improving outlook from rising demand for mixed-signal MCUs, especially as industrial, automotive, aerospace and data center bookings recover. Microchip Gains From Rising Mixed-Signal MCU Demand: What’s Ahead?
• Positive Sentiment: Another article pointed to AI-driven semiconductor sales lifting the broader chip group, with MCHP named as one of the stocks positioned to benefit from record industry demand. AI Powering Semiconductor Sales: 4 Stocks to Boost Your Portfolio
• Positive Sentiment: Several reports noted a rebound in semiconductor shares after a recent selloff, which helped lift Microchip along with peers and supports sentiment around the stock. Monolithic Power Systems, Vishay Intertechnology, and Microchip Technology Stocks Trade Up, What You Need To Know
• Neutral Sentiment: Analysts remain generally constructive, with recent Buy/Outperform ratings and price targets suggesting upside, but the stock has already rallied sharply and some investors may be weighing valuation against the growth outlook. Microchip Technology (MCHP) Stock Continue To Drop, Here’s Why Some Analysts Still See Upside
• Negative Sentiment: Recent commentary also warned that momentum may be vulnerable to market-risk and valuation concerns after a strong six-month run, which can pressure the shares even when fundamentals are improving. MPWR Rises 40.4% in Six Months: Should You Bet on the Stock?

Microchip Technology Profile

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.