Deutsche Bank AG Boosts Holdings in Microchip Technology Incorporated $MCHP

Deutsche Bank AG boosted its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 30.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,748,426 shares of the semiconductor company's stock after purchasing an additional 643,219 shares during the period. Deutsche Bank AG owned approximately 0.51% of Microchip Technology worth $250,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MCHP. Resonant Capital Advisors LLC grew its holdings in Microchip Technology by 0.9% during the first quarter. Resonant Capital Advisors LLC now owns 12,542 shares of the semiconductor company's stock worth $810,000 after acquiring an additional 118 shares during the period. Apella Capital LLC lifted its holdings in Microchip Technology by 4.8% in the second quarter. Apella Capital LLC now owns 2,669 shares of the semiconductor company's stock valued at $225,000 after acquiring an additional 122 shares during the period. Bridgewater Advisors Inc. lifted its holdings in Microchip Technology by 4.2% in the second quarter. Bridgewater Advisors Inc. now owns 3,331 shares of the semiconductor company's stock valued at $304,000 after acquiring an additional 133 shares during the period. MCF Advisors LLC boosted its position in Microchip Technology by 25.8% in the 4th quarter. MCF Advisors LLC now owns 659 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 135 shares in the last quarter. Finally, Gagnon Securities LLC boosted its position in Microchip Technology by 0.5% in the 4th quarter. Gagnon Securities LLC now owns 27,162 shares of the semiconductor company's stock worth $1,731,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Insider Activity at Microchip Technology

In other Microchip Technology news, COO Richard J. Simoncic sold 5,000 shares of Microchip Technology stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the sale, the chief operating officer owned 130,508 shares of the company's stock, valued at $12,727,140.16. The trade was a 3.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew W. Chapman sold 3,000 shares of the company's stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $97.52, for a total transaction of $292,560.00. Following the sale, the director directly owned 17,665 shares of the company's stock, valued at $1,722,690.80. The trade was a 14.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,667 shares of company stock valued at $1,580,580. 1.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MCHP shares. TD Cowen dropped their price objective on shares of Microchip Technology from $105.00 to $90.00 and set a "hold" rating on the stock in a research note on Monday, July 13th. Citigroup lowered their price target on shares of Microchip Technology from $113.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Weiss Ratings raised shares of Microchip Technology from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Zacks Research upgraded shares of Microchip Technology from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. Finally, Needham & Company LLC increased their target price on shares of Microchip Technology from $84.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Microchip Technology currently has an average rating of "Moderate Buy" and a consensus target price of $98.85.

Microchip Technology Stock Down 2.6%

MCHP opened at $78.19 on Wednesday. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $85.23 and a 200 day moving average price of $81.54. The company has a market cap of $42.46 billion, a PE ratio of 116.70, a price-to-earnings-growth ratio of 0.62 and a beta of 1.76.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $0.27 EPS. Microchip Technology's quarterly 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. Sell-side analysts expect that Microchip Technology Incorporated will post 3.16 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, August 24th. Microchip Technology's payout ratio is presently 271.64%.

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.

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