9,777 Shares in Microchip Technology Incorporated $MCHP Acquired by NBH Bank

NBH Bank purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,777 shares of the semiconductor company’s stock, valued at approximately $892,000.

Other large investors have also recently bought and sold shares of the company. TOP Private Wealth LLC. acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $29,000. Continuum Advisory LLC acquired a new stake in shares of Microchip Technology during the 2nd quarter worth about $30,000. Johnson Financial Group Inc. acquired a new stake in shares of Microchip Technology during the 2nd quarter worth about $31,000. Rakuten Securities Inc. bought a new position in Microchip Technology during the 2nd quarter valued at about $34,000. Finally, PenderFund Capital Management Ltd. bought a new position in Microchip Technology during the 2nd quarter valued at about $36,000. 91.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO James Bjornholt sold 4,112 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by company insiders.

Microchip Technology Price Performance

Shares of MCHP stock opened at $74.17 on Friday. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $79.80 and its 200-day moving average is $81.20. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 110.70, a PEG ratio of 0.51 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $0.27 earnings per share. Microchip Technology’s revenue for the quarter was up 38.0% compared to the same quarter last year. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Sell-side analysts forecast that Microchip Technology Incorporated will post 3.16 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be given a dividend of $0.455 per share. The ex-dividend date is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. Microchip Technology’s payout ratio is presently 271.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial reduced their price target on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Rosenblatt Securities reissued a “buy” rating and issued a $120.00 target price on shares of Microchip Technology in a report on Friday, August 7th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Susquehanna raised their price target on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $98.67.

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.