Baird Financial Group Inc. Sells 133,433 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Baird Financial Group Inc. reduced its stake in Microchip Technology by 19.5%, selling 133,433 shares and now holds approximately 0.10% of the company worth $26.68 million.
• Other institutional investors increased their holdings, with Vanguard Group growing its stake by 0.6% and Invesco Ltd. increasing by 63.0%, highlighting a shift in institutional investment sentiment.
• Microchip Technology reported a mixed earnings result for Q2 2026 with an EPS of $0.27, exceeding analyst expectations but showing a 13.3% decline in revenue year-over-year.

Baird Financial Group Inc. lessened its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 19.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 551,295 shares of the semiconductor company's stock after selling 133,433 shares during the period. Baird Financial Group Inc. owned about 0.10% of Microchip Technology worth $26,688,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Citizens Bank & Trust Co. boosted its stake in shares of Microchip Technology by 468.2% in the 1st quarter. First Citizens Bank & Trust Co. now owns 73,737 shares of the semiconductor company's stock valued at $3,570,000 after purchasing an additional 60,760 shares in the last quarter. Everhart Financial Group Inc. acquired a new position in Microchip Technology during the 1st quarter worth about $221,000. Texas Bank & Trust Co acquired a new position in Microchip Technology during the 4th quarter worth about $792,000. Czech National Bank lifted its position in Microchip Technology by 6.1% during the 1st quarter. Czech National Bank now owns 123,528 shares of the semiconductor company's stock worth $5,980,000 after buying an additional 7,093 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Microchip Technology during the 1st quarter worth about $318,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Microchip Technology Trading Up 2.3%

Microchip Technology stock traded up $1.49 during trading hours on Friday, reaching $65.92. 7,765,182 shares of the company's stock traded hands, compared to its average volume of 8,738,270. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $81.64. The firm has a market capitalization of $35.58 billion, a price-to-earnings ratio of -193.88, a PEG ratio of 1.85 and a beta of 1.56. The firm's 50 day moving average is $68.82 and its 200-day moving average is $59.56.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.Microchip Technology's revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. On average, analysts predict that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

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

Wall Street Analyst Weigh In

MCHP has been the topic of several research reports. Truist Financial upped their price target on shares of Microchip Technology from $52.00 to $64.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Citigroup upped their price target on shares of Microchip Technology from $68.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Rosenblatt Securities upped their price target on shares of Microchip Technology from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Zacks Research downgraded shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, KeyCorp upped their target price on shares of Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $76.58.

Insider Transactions at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the company's 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 directly owned 30,665 shares of the company's stock, valued at $2,092,886.25. This represents a 24.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.