James Eric Bjornholt Sells 3,667 Shares of Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CFO James Eric Bjornholt sold 3,667 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $90.87, for a total transaction of $333,220.29. Following the completion of the sale, the chief financial officer owned 28,573 shares in the company, valued at approximately $2,596,428.51. This trade represents a 11.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Microchip Technology Stock Down 1.2%

Shares of MCHP opened at $96.85 on Thursday. The firm has a market cap of $52.50 billion, a P/E ratio of 461.21, a price-to-earnings-growth ratio of 1.03 and a beta of 1.75. Microchip Technology Incorporated has a 12-month low of $48.52 and a 12-month high of $105.91. The company’s 50-day moving average price is $80.81 and its 200 day moving average price is $72.37. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. Microchip Technology’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts forecast that Microchip Technology Incorporated will post 2.58 earnings per share for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, May 22nd. Microchip Technology’s payout ratio is 866.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MCHP shares. Rosenblatt Securities boosted their price objective on shares of Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Truist Financial boosted their price objective on shares of Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a report on Friday, May 8th. Argus upgraded shares of Microchip Technology to a “strong-buy” rating in a research note on Monday, February 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $125.00 price target on shares of Microchip Technology in a research note on Wednesday, May 13th. Finally, UBS Group boosted their price target on shares of Microchip Technology from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and an average price target of $97.52.

Institutional Trading of Microchip Technology

A number of institutional investors and hedge funds have recently bought and sold shares of MCHP. Wolverine Asset Management LLC increased its stake in Microchip Technology by 3,833.7% in the fourth quarter. Wolverine Asset Management LLC now owns 37,921 shares of the semiconductor company’s stock valued at $2,416,000 after purchasing an additional 36,957 shares during the last quarter. Vanguard Group Inc. increased its stake in Microchip Technology by 2.1% in the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock valued at $4,628,692,000 after purchasing an additional 1,507,554 shares during the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new position in Microchip Technology in the fourth quarter valued at approximately $6,691,000. PNC Financial Services Group Inc. increased its stake in Microchip Technology by 13.5% in the third quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock valued at $13,447,000 after purchasing an additional 24,963 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in Microchip Technology by 18.7% in the third quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock valued at $79,184,000 after purchasing an additional 194,048 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology News Summary

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

• Positive Sentiment: Microchip is being highlighted as a beneficiary of the AI and data-center buildout, with commentary pointing to strong customer engagement and improving operating leverage after its recent quarterly report. Microchip Technology Incorporated (MCHP) Capitalizes on Data Center and AI Boom
• Positive Sentiment: The company launched 3.3 kV HV-D3 mSiC power modules aimed at AI hyperscale data centers, a move that could strengthen its position in high-growth power infrastructure for AI. AI Chips Today – Transforming Power: Microchip’s Silicon Carbide Modules Revolutionize Efficiency
• Positive Sentiment: Technical traders are viewing MCHP favorably after the stock moved above its 20-day moving average, which is often seen as a short-term bullish signal. Microchip Technology (MCHP) Recently Broke Out Above the 20-Day Moving Average
• Positive Sentiment: Analyst sentiment remains constructive after the May 7 earnings beat, with multiple firms lifting price targets and the stock now viewed as a possible beneficiary of renewed semiconductor demand. Micron Hits a $1 Trillion Valuation: What’s Next?

About Microchip Technology

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.