Fifth Third Bancorp Has $25.37 Million Holdings in Microchip Technology Incorporated $MCHP

Key Points

• Fifth Third Bancorp trimmed its stake in Microchip Technology by 6.2% to 398,174 shares, worth about $25.37 million (roughly 0.07% of the company) at the end of the quarter.
• CEO Steve Sanghi sold 416,581 shares for about $36.88 million under a pre-arranged Rule 10b5-1 plan, reducing his holding by 4.2% to roughly 9.5 million shares.
• Microchip beat quarterly EPS expectations with $0.44 (vs. $0.43 est.) and reported revenue of $1.19 billion, up 15.6% year-over-year, set Q4 2026 EPS guidance of $0.480–$0.520, and holds an average analyst rating of "Moderate Buy" with a $86 target.

Fifth Third Bancorp cut its position in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 398,174 shares of the semiconductor company's stock after selling 26,128 shares during the quarter. Fifth Third Bancorp owned approximately 0.07% of Microchip Technology worth $25,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Verdence Capital Advisors LLC grew its position in Microchip Technology by 2.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 7,120 shares of the semiconductor company's stock worth $454,000 after purchasing an additional 150 shares during the last quarter. Florida Trust Wealth Management Co grew its position in Microchip Technology by 3.3% in the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company's stock worth $314,000 after purchasing an additional 157 shares during the last quarter. Bouchey Financial Group Ltd grew its position in Microchip Technology by 4.4% in the 4th quarter. Bouchey Financial Group Ltd now owns 3,771 shares of the semiconductor company's stock worth $240,000 after purchasing an additional 159 shares during the last quarter. Clean Yield Group grew its position in Microchip Technology by 9.4% in the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company's stock worth $121,000 after purchasing an additional 163 shares during the last quarter. Finally, Slagle Financial LLC grew its position in Microchip Technology by 0.3% in the 3rd quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company's stock worth $4,141,000 after purchasing an additional 168 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Trading Up 1.1%

Shares of MCHP stock opened at $93.95 on Friday. Microchip Technology Incorporated has a 12-month low of $46.68 and a 12-month high of $94.56. The company has a market capitalization of $50.84 billion, a P/E ratio of -323.97, a P/E/G ratio of 1.24 and a beta of 1.74. The firm has a 50-day moving average price of $71.81 and a 200 day moving average price of $68.39. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.20 EPS. The firm's quarterly revenue was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Research analysts forecast that Microchip Technology Incorporated will post 1.16 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Monday, February 23rd. Microchip Technology's dividend payout ratio (DPR) is currently -627.59%.

Analysts Set New Price Targets

Several analysts have issued reports on MCHP shares. Rosenblatt Securities raised their price target on shares of Microchip Technology from $80.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Susquehanna raised their price target on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a "positive" rating in a research report on Thursday, January 22nd. Wolfe Research set a $85.00 price target on shares of Microchip Technology in a research report on Tuesday, January 6th. Barclays started coverage on shares of Microchip Technology in a research report on Thursday, February 12th. They issued an "equal weight" rating and a $80.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Microchip Technology from $68.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Microchip Technology has an average rating of "Moderate Buy" and an average target price of $86.00.

Insider Transactions at Microchip Technology

In related news, CEO Steve Sanghi sold 416,581 shares of Microchip Technology stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the completion of the transaction, the chief executive officer directly owned 9,495,805 shares of the company's stock, valued at $840,663,616.65. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.94% of the stock is owned by corporate insiders.

Microchip Technology Profile

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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