6,081 Shares in Microchip Technology Incorporated $MCHP Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired 6,081 shares of Microchip Technology (NASDAQ: MCHP), valued at approximately $294,000, marking their new position in the company.
• Microchip Technology reported earnings of <$0.27> EPS for the quarter, exceeding expectations and generating revenue of $1.08 billion, though revenue is down 13.3% compared to the same quarter last year.
• The company has declared a quarterly dividend of $0.455 per share, resulting in an annualized dividend yield of 2.8% despite a negative payout ratio of -535.29%.

MBB Public Markets I LLC acquired a new position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,081 shares of the semiconductor company's stock, valued at approximately $294,000.

Several other institutional investors have also bought and sold shares of MCHP. Garde Capital Inc. acquired a new stake in Microchip Technology in the first quarter worth about $30,000. WPG Advisers LLC acquired a new stake in Microchip Technology in the first quarter worth about $40,000. Orion Capital Management LLC acquired a new stake in Microchip Technology in the fourth quarter worth about $41,000. Byrne Asset Management LLC acquired a new stake in Microchip Technology in the 1st quarter valued at about $41,000. Finally, GW&K Investment Management LLC lifted its holdings in Microchip Technology by 161.0% in the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock valued at $45,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Microchip Technology Stock Up 0.4%

MCHP opened at $65.02 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $81.64. 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 stock has a market capitalization of $35.09 billion, a price-to-earnings ratio of -191.24, a P/E/G ratio of 1.85 and a beta of 1.56. The business has a 50 day moving average of $68.27 and a 200-day moving average of $59.63.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the business earned $0.53 earnings per share. Microchip Technology's quarterly revenue 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 year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 22nd. Microchip Technology's payout ratio is currently -535.29%.

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of research analyst reports. Piper Sandler upped their price target on shares of Microchip Technology from $65.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, August 8th. KeyCorp upped their price target on shares of Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. TD Cowen cut their price target on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a report on Friday, August 8th. Truist Financial upped their price target on shares of Microchip Technology from $52.00 to $64.00 and gave the company a "hold" rating in a report on Wednesday, June 18th. Finally, Rosenblatt Securities boosted their price objective on Microchip Technology from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $76.58.

Insider Transactions at Microchip Technology

In related news, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology 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 transaction, the director directly owned 30,665 shares of the company's stock, valued at $2,092,886.25. The trade was a 24.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief financial officer directly owned 30,010 shares of the company's stock, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

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.

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