Commerzbank Aktiengesellschaft FI Sells 17,934 Shares of Microchip Technology Incorporated $MCHP

Commerzbank Aktiengesellschaft FI trimmed its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHPFree Report) by 74.5% in the second quarter, HoldingsChannel reports. The firm owned 6,126 shares of the semiconductor company’s stock after selling 17,934 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Microchip Technology were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Orbis Allan Gray Ltd acquired a new stake in shares of Microchip Technology in the first quarter valued at $369,612,000. Invesco Ltd. grew its holdings in Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after acquiring an additional 6,459,123 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Microchip Technology by 138.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock valued at $427,681,000 after acquiring an additional 5,136,154 shares in the last quarter. Boston Partners raised its stake in shares of Microchip Technology by 35.3% in the first quarter. Boston Partners now owns 10,726,413 shares of the semiconductor company’s stock worth $517,082,000 after acquiring an additional 2,795,650 shares during the last quarter. Finally, Amundi lifted its position in shares of Microchip Technology by 22.7% during the first quarter. Amundi now owns 10,013,285 shares of the semiconductor company’s stock worth $484,743,000 after purchasing an additional 1,849,866 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the business’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 completion of the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value 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 trade represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Microchip Technology Trading Down 8.3%

NASDAQ:MCHP opened at $60.41 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.44. The firm has a market capitalization of $32.60 billion, a price-to-earnings ratio of -177.68, a PEG ratio of 1.73 and a beta of 1.55. The business’s 50-day moving average price is $65.26 and its two-hundred day moving average price is $61.06.

Microchip Technology (NASDAQ:MCHPGet Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $1.08 billion during 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 revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, equities analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology’s dividend payout ratio (DPR) is currently -535.29%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of Microchip Technology in a report on Wednesday, June 18th. They issued a “neutral” rating and a $70.00 price target for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday. Wells Fargo & Company assumed coverage on Microchip Technology in a report on Monday, September 15th. They issued an “equal weight” rating and a $60.00 price target on the stock. TD Cowen dropped their price objective on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a report on Friday, August 8th. Finally, UBS Group upped their target price on shares of Microchip Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.75.

Check Out Our Latest Stock Analysis on Microchip Technology

Microchip Technology Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MCHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microchip Technology Incorporated (NASDAQ:MCHPFree Report).

Institutional Ownership by Quarter for Microchip Technology (NASDAQ:MCHP)

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