Mn Services Vermogensbeheer B.V. Acquires 10,100 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Mn Services Vermogensbeheer B.V. has increased its holdings in Microchip Technology, acquiring 10,100 shares and now owning a total of 205,800 shares, with a valuation of approximately $14.48 million.
• Microchip Technology reported $0.27 earnings per share (EPS), exceeding analyst estimates, but revenue declined by 13.3% year-over-year.
• The company's recently announced quarterly dividend of $0.455 reflects an annual yield of 2.7%, despite a notably high dividend payout ratio of -535.29%.

Mn Services Vermogensbeheer B.V. increased its holdings in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,800 shares of the semiconductor company's stock after buying an additional 10,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Microchip Technology were worth $14,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MCHP. State of Wyoming boosted its holdings in shares of Microchip Technology by 27.3% in the fourth quarter. State of Wyoming now owns 1,300 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 279 shares during the period. Tidal Investments LLC boosted its stake in Microchip Technology by 20.9% in the 4th quarter. Tidal Investments LLC now owns 43,862 shares of the semiconductor company's stock worth $2,515,000 after purchasing an additional 7,595 shares during the period. Waverly Advisors LLC bought a new position in Microchip Technology in the 4th quarter worth about $296,000. Orion Capital Management LLC bought a new position in Microchip Technology in the 4th quarter worth about $41,000. Finally, Patrick Mauro Investment Advisor INC. boosted its stake in Microchip Technology by 99.0% in the 4th quarter. Patrick Mauro Investment Advisor INC. now owns 67,203 shares of the semiconductor company's stock worth $3,854,000 after purchasing an additional 33,437 shares during the period. 91.51% of the stock is owned by institutional investors.

Microchip Technology Stock Up 0.7%

Shares of NASDAQ:MCHP opened at $66.26 on Friday. Microchip Technology Incorporated has a 52-week low of $34.13 and a 52-week high of $81.64. The firm has a fifty day moving average of $67.39 and a 200 day moving average of $59.84. The firm has a market capitalization of $35.76 billion, a PE ratio of -194.88, a price-to-earnings-growth ratio of 1.88 and a beta of 1.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31.

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 the consensus estimate of $0.24 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company's revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.7%. Microchip Technology's dividend payout ratio is currently -535.29%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the sale, the chief financial officer owned 30,010 shares of the company's stock, valued at approximately $2,062,287.20. This represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew W. Chapman sold 10,000 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the sale, the director directly owned 30,665 shares of the company's stock, valued at $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MCHP has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of Microchip Technology from $65.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. TD Cowen cut their price target on shares of Microchip Technology from $75.00 to $60.00 and set a "hold" rating for the company in a report on Friday, August 8th. The Goldman Sachs Group began coverage on shares of Microchip Technology in a report on Thursday, July 10th. They issued a "buy" rating and a $88.00 price target for the company. Needham & Company LLC raised their price target on shares of Microchip Technology from $66.00 to $77.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Mizuho lifted their price objective on Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.75.

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.

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