Microchip Technology Incorporated $MCHP Shares Sold by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB reduced its holdings in Microchip Technology Incorporated by 5.7% in Q2, owning 95,371 shares valued at $6.71 million after selling 5,801 shares.
• Insider transactions include CFO Eric Bjornholt selling 7,356 shares at an average price of $68.72, decreasing his stake by 19.69%.
• Microchip Technology reported earnings of $0.27 per share for the last quarter, beating expectations, and announced a quarterly dividend of $0.455 per share, equating to an annual yield of 2.8%.

MassMutual Private Wealth & Trust FSB reduced its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,371 shares of the semiconductor company's stock after selling 5,801 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Microchip Technology were worth $6,711,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Microchip Technology

In other news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Microchip Technology Stock Down 1.7%

Shares of MCHP stock traded down $1.11 during trading hours on Friday, reaching $65.15. 13,346,423 shares of the company's stock were exchanged, compared to its average volume of 7,494,503. The stock's 50 day moving average is $67.21 and its 200-day moving average is $59.89. The company has a market cap of $35.16 billion, a price-to-earnings ratio of -191.62, a P/E/G ratio of 1.87 and a beta of 1.56. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $81.64.

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

Microchip Technology Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Susquehanna increased their target price on Microchip Technology from $60.00 to $90.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. 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 report on Friday, August 8th. KeyCorp raised their price objective on Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Raymond James Financial increased their target price on Microchip Technology from $65.00 to $75.00 and gave the company a "strong-buy" rating in a research note on Friday, August 8th. Finally, Piper Sandler raised their price target on Microchip Technology from $65.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $75.75.

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.