Microchip Technology (NASDAQ:MCHP) CFO James Eric Bjornholt Sells 837 Shares of Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CFO James Eric Bjornholt sold 837 shares of Microchip Technology stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $80.26, for a total value of $67,177.62. Following the transaction, the chief financial officer owned 30,960 shares of the company’s stock, valued at $2,484,849.60. The trade was a 2.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

James Eric Bjornholt also recently made the following trade(s):

• On Friday, May 22nd, James Eric Bjornholt sold 3,667 shares of Microchip Technology stock. The stock was sold at an average price of $90.87, for a total value of $333,220.29.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $77.08 on Thursday. The company has a market capitalization of $41.86 billion, a PE ratio of 115.05, a price-to-earnings-growth ratio of 0.54 and a beta of 1.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. The company’s fifty day moving average price is $85.02 and its 200 day moving average price is $81.53. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 38.0% compared to the same quarter last year. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, research analysts predict that Microchip Technology Incorporated will post 3.16 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, August 24th. Microchip Technology’s payout ratio is presently 271.64%.

Institutional Investors Weigh In On Microchip Technology

Several institutional investors have recently added to or reduced their stakes in MCHP. EFG International AG purchased a new position in Microchip Technology during the 4th quarter worth $29,000. Miller Capital Partners Inc. purchased a new stake in shares of Microchip Technology in the fourth quarter valued at about $29,000. Continuum Advisory LLC acquired a new stake in shares of Microchip Technology during the second quarter worth about $30,000. Johnson Financial Group Inc. acquired a new stake in shares of Microchip Technology during the second quarter worth about $31,000. Finally, Reflection Asset Management purchased a new position in shares of Microchip Technology during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barclays upped their price objective on shares of Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. TD Cowen lowered their price objective on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Monday, July 13th. Finally, Truist Financial dropped their target price on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.85.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.