Sunflower Bank N.A. Purchases Shares of 2,999 Microchip Technology Incorporated $MCHP

Sunflower Bank N.A. purchased a new stake in Microchip Technology Incorporated (NASDAQ:MCHP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,999 shares of the semiconductor company’s stock, valued at approximately $211,000.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Bank & Trust Co increased its stake in shares of Microchip Technology by 3.0% in the 4th quarter. Northwest Bank & Trust Co now owns 7,392 shares of the semiconductor company’s stock valued at $424,000 after buying an additional 217 shares during the period. Clearstead Trust LLC increased its stake in shares of Microchip Technology by 10.5% in the 1st quarter. Clearstead Trust LLC now owns 2,356 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 224 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Microchip Technology by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 46,235 shares of the semiconductor company’s stock valued at $2,238,000 after buying an additional 230 shares during the period. Greenleaf Trust increased its stake in shares of Microchip Technology by 1.0% in the 1st quarter. Greenleaf Trust now owns 24,933 shares of the semiconductor company’s stock valued at $1,207,000 after buying an additional 242 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Microchip Technology by 3.4% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 8,360 shares of the semiconductor company’s stock valued at $405,000 after buying an additional 276 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In related news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the sale, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. The trade was a 19.69% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MCHP shares. UBS Group lifted their price objective on Microchip Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. TD Cowen decreased their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, August 8th. The Goldman Sachs Group started coverage on Microchip Technology in a research note on Thursday, July 10th. They set a “buy” rating and a $88.00 price objective for the company. Stifel Nicolaus lifted their price objective on Microchip Technology from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, KeyCorp lifted their price objective on Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.75.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $65.78 on Thursday. The firm has a market cap of $35.50 billion, a price-to-earnings ratio of -193.47, a price-to-earnings-growth ratio of 1.85 and a beta of 1.56. The stock’s 50-day moving average is $67.57 and its 200-day moving average is $59.78. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $81.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. Equities analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, August 22nd. Microchip Technology’s dividend payout ratio is presently -535.29%.

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.