Microchip Technology Incorporated $MCHP Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 84.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 482 shares of the semiconductor company’s stock after selling 2,614 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Microchip Technology were worth $34,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MCHP. MCF Advisors LLC grew its position in Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after buying an additional 321 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in Microchip Technology in the second quarter worth approximately $39,000. WPG Advisers LLC purchased a new position in Microchip Technology during the 1st quarter worth approximately $40,000. Painted Porch Advisors LLC purchased a new position in Microchip Technology during the 2nd quarter worth approximately $40,000. Finally, GW&K Investment Management LLC grew its position in Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 578 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

MCHP has been the topic of several research analyst reports. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Raymond James Financial lifted their price objective on shares of Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Susquehanna lifted their price objective 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. KeyCorp lifted their price objective on shares of Microchip Technology from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, TD Cowen lowered their price objective on shares of Microchip Technology from $75.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.75.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 7,356 shares of the company’s 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 directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s 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 completion of the sale, the director owned 30,665 shares of the company’s stock, valued at $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Trading Down 1.7%

NASDAQ MCHP opened at $62.54 on Thursday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $78.13. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $33.75 billion, a PE ratio of -183.94, a price-to-earnings-growth ratio of 1.82 and a beta of 1.55. The firm’s fifty day simple moving average is $65.15 and its 200-day simple moving average is $63.20.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly 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. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business posted $0.53 earnings per share. Microchip Technology’s revenue for the quarter was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.455 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. Microchip Technology’s dividend payout ratio is currently -535.29%.

About Microchip Technology

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.