Microchip Technology Incorporated $MCHP Stake Boosted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 56.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,176 shares of the semiconductor company’s stock after purchasing an additional 2,236 shares during the period. Parkside Financial Bank & Trust’s holdings in Microchip Technology were worth $435,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Aviva PLC lifted its stake in Microchip Technology by 196.8% in the second quarter. Aviva PLC now owns 359,793 shares of the semiconductor company’s stock valued at $25,319,000 after buying an additional 238,552 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Microchip Technology in the 2nd quarter worth about $44,070,000. Prospera Financial Services Inc lifted its position in Microchip Technology by 27.3% in the 2nd quarter. Prospera Financial Services Inc now owns 81,568 shares of the semiconductor company’s stock valued at $5,740,000 after purchasing an additional 17,480 shares during the last quarter. Van Cleef Asset Management Inc acquired a new position in Microchip Technology during the 2nd quarter valued at about $246,000. Finally, AE Wealth Management LLC acquired a new position in Microchip Technology during the 2nd quarter valued at about $662,000. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Raymond James Financial boosted their price target on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $60.00 price objective (down previously from $64.00) on shares of Microchip Technology in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $73.47.

Insiders Place Their Bets

In related news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, the director owned 30,665 shares of the company’s stock, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was 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 of the company’s stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.94% of the company’s stock.

Microchip Technology Stock Down 5.2%

MCHP opened at $56.28 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The company has a market capitalization of $30.37 billion, a PE ratio of -165.53, a P/E/G ratio of 1.79 and a beta of 1.57. The stock’s fifty day moving average is $64.24 and its 200-day moving average is $64.41. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company earned $0.46 earnings per share. Microchip Technology’s revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, November 24th. Microchip Technology’s payout ratio is presently -404.44%.

Microchip Technology 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.