Microchip Technology Incorporated $MCHP Stock Holdings Lessened by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH significantly reduced its stake in Microchip Technology by 62.6%, owning 14,400 shares post-sales.
• The semiconductor company reported a negative net margin of 3.50% and a revenue of $1.08 billion for the quarter, exceeding analyst expectations.
• Microchip Technology declared a quarterly dividend of $0.455 per share, translating to an annual yield of 2.6%.

Erste Asset Management GmbH lowered its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 62.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,400 shares of the semiconductor company's stock after selling 24,116 shares during the period. Erste Asset Management GmbH's holdings in Microchip Technology were worth $701,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Garde Capital Inc. bought a new position in shares of Microchip Technology in the first quarter valued at $30,000. Orion Capital Management LLC bought a new position in shares of Microchip Technology in the fourth quarter valued at $41,000. Byrne Asset Management LLC bought a new position in shares of Microchip Technology in the first quarter valued at $41,000. GW&K Investment Management LLC increased its holdings in shares of Microchip Technology by 161.0% in the first quarter. GW&K Investment Management LLC now owns 937 shares of the semiconductor company's stock valued at $45,000 after buying an additional 578 shares in the last quarter. Finally, American National Bank & Trust acquired a new stake in Microchip Technology during the 1st quarter valued at $48,000. Institutional investors own 91.51% of the company's stock.

Microchip Technology Trading Up 4.6%

Microchip Technology stock opened at $69.14 on Friday. The company's fifty day simple moving average is $69.57 and its 200-day simple moving average is $58.77. The company has a quick ratio of 1.33, a current ratio of 2.31 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $82.65. The stock has a market cap of $37.31 billion, a P/E ratio of -203.35, a P/E/G ratio of 1.91 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the previous year, the company posted $0.53 EPS. Microchip Technology's revenue 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 forecast that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, August 22nd. Microchip Technology's payout ratio is currently -535.29%.

Analyst Ratings Changes

Several analysts have issued reports on MCHP shares. UBS Group boosted their target price on shares of Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group started coverage on shares of Microchip Technology in a research note on Thursday, July 10th. They set a "buy" rating and a $88.00 target price on the stock. Susquehanna boosted their target price on shares of Microchip Technology from $60.00 to $90.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. TD Cowen cut their target price on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating on the stock in a research note on Friday, August 8th. Finally, Raymond James Financial boosted their target price on shares of Microchip Technology from $65.00 to $75.00 and gave the company a "strong-buy" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.58.

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.

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