Commerzbank Aktiengesellschaft FI Has $432,000 Stake in Microchip Technology Incorporated $MCHP

Key Points

• Commerzbank Aktiengesellschaft FI reduced its stake in Microchip Technology by 74.5%, now holding shares worth $432,000 after selling a significant number of shares in the second quarter.
• Microchip Technology's recent quarterly earnings reported a revenue of $1.08 billion with an EPS of $0.27, exceeding estimates despite a 13.3% decrease in year-over-year revenue.
• Analysts have mixed opinions on Microchip Technology, with ratings ranging from Strong Buy to Sell, and an average price target set at $75.75.

Commerzbank Aktiengesellschaft FI lowered its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 74.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MCHP. Garde Capital Inc. bought a new stake in Microchip Technology during the first quarter worth approximately $30,000. MCF Advisors LLC lifted its stake in shares of Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company's stock worth $33,000 after buying an additional 321 shares during the last quarter. Carderock Capital Management Inc. bought a new stake in shares of Microchip Technology during the 2nd quarter worth $39,000. WPG Advisers LLC acquired a new position in Microchip Technology in the 1st quarter valued at $40,000. Finally, Painted Porch Advisors LLC acquired a new position in Microchip Technology in the 2nd quarter valued at $40,000. Institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This represents a 19.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction 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 transaction, the director directly owned 30,665 shares of the company's stock, valued at approximately $2,092,886.25. The trade was a 24.59% 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.

Analysts Set New Price Targets

MCHP has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Microchip Technology from a "sell" rating to a "hold" rating in a report on Friday, June 27th. TD Cowen decreased their target price on Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a research note on Friday, August 8th. KeyCorp lifted their price target on Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Susquehanna upped their price target on Microchip Technology from $60.00 to $90.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company assumed coverage on shares of Microchip Technology in a research note on Monday, September 15th. They issued an "equal weight" rating and a $60.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Microchip Technology currently has a consensus rating of "Moderate Buy" and an average price target of $75.75.

Microchip Technology Stock Down 8.3%

MCHP opened at $60.41 on Friday. The company has a market capitalization of $32.60 billion, a P/E ratio of -177.68, a P/E/G ratio of 1.73 and a beta of 1.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The firm's fifty day moving average price is $65.26 and its two-hundred day moving average price is $61.06. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.44.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.53 EPS. The firm's revenue for the quarter 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. On average, analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, August 22nd. Microchip Technology's dividend payout ratio is currently -535.29%.

About Microchip Technology

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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