MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stake in Microchip Technology Incorporated $MCHP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Microchip Technology by 2.3%, selling 11,514 shares, and now holds approximately 0.09% of the company valued at $23.29 million.
• Microchip Technology reported an earnings per share (EPS) of $0.27 for the last quarter, beating estimates, but experienced a 13.3% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.455 per share, representing an annual yield of 2.8%, despite having a negative dividend payout ratio.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 2.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 480,660 shares of the semiconductor company's stock after selling 11,514 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.09% of Microchip Technology worth $23,287,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Garde Capital Inc. acquired a new stake in shares of Microchip Technology during the 1st quarter worth $30,000. WPG Advisers LLC acquired a new stake in shares of Microchip Technology during the 1st quarter worth $40,000. Orion Capital Management LLC acquired a new stake in shares of Microchip Technology during the 4th quarter worth $41,000. Byrne Asset Management LLC acquired a new stake in shares of Microchip Technology during the 1st quarter worth $41,000. Finally, GW&K Investment Management LLC increased its holdings in shares of Microchip Technology by 161.0% during the 1st quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock worth $45,000 after buying an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Microchip Technology Stock Up 0.4%

NASDAQ MCHP traded up $0.28 during trading hours on Thursday, hitting $65.02. The company had a trading volume of 6,453,939 shares, compared to its average volume of 10,225,627. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $81.64. The company has a market capitalization of $35.09 billion, a price-to-earnings ratio of -191.24, a P/E/G ratio of 1.86 and a beta of 1.56. 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 50 day moving average is $68.42 and its 200 day moving average is $59.60.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $0.53 EPS. The firm's quarterly revenue 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. Sell-side analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis 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%.

Analysts Set New Price Targets

MCHP has been the subject of a number of research analyst reports. Cantor Fitzgerald initiated coverage on Microchip Technology in a report on Wednesday, June 18th. They set a "neutral" rating and a $70.00 price objective for the company. Wall Street Zen upgraded Microchip Technology from a "sell" rating to a "hold" rating in a report on Friday, June 27th. UBS Group upped their price objective on Microchip Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Needham & Company LLC upped their price objective on Microchip Technology from $66.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, TD Cowen dropped their price objective on Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $76.58.

Insider Transactions at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.25, for a total value of $682,500.00. Following the completion of the transaction, 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 filing with the SEC, which is available at the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction dated Monday, August 25th. The shares were 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 of the company's stock, 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. Corporate insiders own 1.94% of the company's stock.

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.