Banco Bilbao Vizcaya Argentaria S.A. Purchases 10,178 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Microchip Technology by 22.6% during the first quarter, acquiring an additional 10,178 shares, bringing its total holdings to 55,213 shares valued at approximately $2.68 million.
• Microchip Technology's recent earnings report showed EPS of $0.27, exceeding analyst expectations of $0.24, despite a 13.3% decline in quarterly revenue compared to the previous year.
• The average analyst rating for Microchip Technology is currently a "Moderate Buy" with a consensus price target of $76.58, reflecting positive outlooks from several research firms.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,213 shares of the semiconductor company's stock after purchasing an additional 10,178 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Microchip Technology were worth $2,683,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Watts Gwilliam & Co. LLC grew its position in Microchip Technology by 128.6% during the first quarter. Watts Gwilliam & Co. LLC now owns 61,396 shares of the semiconductor company's stock valued at $2,972,000 after acquiring an additional 34,535 shares during the last quarter. Brooklyn Investment Group grew its position in Microchip Technology by 89.1% during the first quarter. Brooklyn Investment Group now owns 4,464 shares of the semiconductor company's stock valued at $216,000 after acquiring an additional 2,103 shares during the last quarter. Summit Securities Group LLC grew its position in Microchip Technology by 2,755.3% during the first quarter. Summit Securities Group LLC now owns 2,427 shares of the semiconductor company's stock valued at $117,000 after acquiring an additional 2,342 shares during the last quarter. Aberdeen Group plc grew its position in Microchip Technology by 115.1% during the first quarter. Aberdeen Group plc now owns 397,205 shares of the semiconductor company's stock valued at $18,959,000 after acquiring an additional 212,505 shares during the last quarter. Finally, Horizon Investments LLC grew its position in Microchip Technology by 3.1% during the first quarter. Horizon Investments LLC now owns 15,531 shares of the semiconductor company's stock valued at $752,000 after acquiring an additional 467 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MCHP has been the subject of a number of analyst reports. Stifel Nicolaus increased their price objective on Microchip Technology from $70.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Rosenblatt Securities increased their price objective on Microchip Technology from $63.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Evercore ISI increased their price objective on Microchip Technology from $69.00 to $83.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Zacks Research lowered Microchip Technology from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Finally, B. Riley raised their price target on Microchip Technology from $60.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One equities 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.58.

Microchip Technology Stock Performance

NASDAQ MCHP traded up $3.04 during trading hours on Friday, hitting $69.14. The company's stock had a trading volume of 12,427,539 shares, compared to its average volume of 9,435,212. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $82.65. The company's 50 day simple moving average is $69.57 and its two-hundred day simple moving average is $58.84. The company has a market cap of $37.31 billion, a P/E ratio of -203.35, a price-to-earnings-growth ratio of 2.00 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.

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 the consensus estimate of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.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 company earned $0.53 EPS. Microchip Technology's revenue for the quarter was down 13.3% on a year-over-year basis. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, August 22nd. Microchip Technology's dividend payout ratio (DPR) is presently -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.