First United Bank & Trust Has $1.07 Million Stock Holdings in Microchip Technology Incorporated $MCHP

First United Bank & Trust lowered its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 34.1% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,144 shares of the semiconductor company’s stock after selling 7,850 shares during the period. First United Bank & Trust’s holdings in Microchip Technology were worth $1,066,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MCHP. Vanguard Group Inc. grew its position in Microchip Technology by 0.6% in the first quarter. Vanguard Group Inc. now owns 69,302,614 shares of the semiconductor company’s stock valued at $3,354,940,000 after acquiring an additional 390,269 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after purchasing an additional 6,459,123 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Microchip Technology by 0.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock valued at $805,087,000 after purchasing an additional 152,434 shares during the last quarter. Boston Partners increased its position in Microchip Technology by 35.3% during the 1st quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock worth $517,082,000 after purchasing an additional 2,795,650 shares in the last quarter. Finally, Amundi lifted its stake in Microchip Technology by 22.7% in the 1st quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock valued at $484,743,000 after purchasing an additional 1,849,866 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, the director directly 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 disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Microchip Technology in a report on Monday, September 15th. They set an “equal weight” rating and a $60.00 price objective on the stock. Susquehanna lifted their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the stock a “positive” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group assumed coverage on shares of Microchip Technology in a report on Thursday, July 10th. They set a “buy” rating and a $88.00 target price on the stock. Citigroup raised their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, TD Cowen cut their price target on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average price target of $75.75.

Microchip Technology Stock Down 0.5%

Microchip Technology stock opened at $64.07 on Tuesday. The firm has a 50 day moving average price of $66.10 and a two-hundred day moving average price of $60.37. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $80.42. The firm has a market cap of $34.58 billion, a price-to-earnings ratio of -188.44, a PEG ratio of 1.85 and a beta of 1.56.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. Microchip Technology’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $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 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend 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.