Trilogy Capital Inc. Sells 11,519 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Trilogy Capital Inc. has reduced its holdings in Microchip Technology by 22.2%, selling 11,519 shares and retaining a total of 40,328 shares valued at approximately $2.84 million.
• Director Matthew W. Chapman and CFO James Eric Bjornholt have both sold notable amounts of their shares, indicating a decrease in insider ownership at 1.94% overall.
• Microchip Technology reported an EPS of $0.27 for the last quarter, surpassing expectations, though its revenue fell 13.3% year-over-year, with analysts forecasting a current fiscal year EPS of 1.03.

Trilogy Capital Inc. lowered its holdings in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 22.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,328 shares of the semiconductor company's stock after selling 11,519 shares during the period. Trilogy Capital Inc.'s holdings in Microchip Technology were worth $2,838,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MCHP. Garde Capital Inc. bought a new position in Microchip Technology in the 1st quarter worth about $30,000. MCF Advisors LLC lifted its holdings in Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 321 shares during the period. Carderock Capital Management Inc. bought a new position in Microchip Technology in the second quarter valued at about $39,000. WPG Advisers LLC purchased a new stake in shares of Microchip Technology during the first quarter worth about $40,000. Finally, Painted Porch Advisors LLC purchased a new stake in shares of Microchip Technology during the second quarter worth about $40,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity

In other 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 transaction of $682,500.00. Following the completion of the sale, the director 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James Eric Bjornholt sold 7,356 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the transaction, the chief financial officer owned 30,010 shares of the company's stock, valued at $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 owned by corporate insiders.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $64.22 on Wednesday. The firm has a market cap of $34.66 billion, a P/E ratio of -188.88, a price-to-earnings-growth ratio of 1.84 and a beta of 1.56. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $80.33. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31. The firm's 50-day simple moving average is $65.88 and its 200-day simple moving average is $60.39.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its 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. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.05 billion. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, research analysts expect 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 was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.455 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.82 annualized dividend and a yield of 2.8%. Microchip Technology's dividend payout ratio is presently -535.29%.

Analyst Ratings Changes

MCHP has been the subject of several recent research reports. KeyCorp boosted their price target on Microchip Technology from $70.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Needham & Company LLC increased their price objective on Microchip Technology from $66.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. UBS Group increased their price objective on Microchip Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, July 7th. TD Cowen cut their price target on 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, Zacks Research lowered Microchip Technology from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. One research 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 presently has an average rating of "Moderate Buy" and an average target price 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.

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