Microchip Technology Incorporated $MCHP Stock Holdings Lifted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 56.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,176 shares of the semiconductor company’s stock after buying an additional 2,236 shares during the period. Parkside Financial Bank & Trust’s holdings in Microchip Technology were worth $435,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Aviva PLC raised its stake in shares of Microchip Technology by 196.8% in the 2nd quarter. Aviva PLC now owns 359,793 shares of the semiconductor company’s stock valued at $25,319,000 after acquiring an additional 238,552 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Microchip Technology in the 2nd quarter valued at $44,070,000. Prospera Financial Services Inc lifted its stake in shares of Microchip Technology by 27.3% in the second quarter. Prospera Financial Services Inc now owns 81,568 shares of the semiconductor company’s stock valued at $5,740,000 after buying an additional 17,480 shares during the period. Van Cleef Asset Management Inc acquired a new stake in shares of Microchip Technology during the 2nd quarter worth approximately $246,000. Finally, AE Wealth Management LLC acquired a new stake in Microchip Technology during the second quarter worth $662,000. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.72, for a total transaction of $505,504.32. Following the transaction, the chief financial officer owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.94% of the stock is owned by company insiders.

Microchip Technology Trading Down 5.2%

MCHP opened at $56.28 on Monday. The stock has a market capitalization of $30.37 billion, a P/E ratio of -165.53, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a current ratio of 2.31, a quick ratio of 1.33 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 $77.20. The firm’s fifty day simple moving average is $64.24 and its 200 day simple moving average is $64.41.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, November 24th. Microchip Technology’s payout ratio is currently -404.44%.

Wall Street Analysts Forecast Growth

MCHP has been the topic of a number of recent research reports. TD Cowen decreased their price objective on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Friday. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Raymond James Financial boosted their price objective on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Friday, August 8th. Piper Sandler increased their price target on Microchip Technology from $65.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Truist Financial restated a “hold” rating and set a $60.00 price objective (down previously from $64.00) on shares of Microchip Technology in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and an average price target of $73.47.

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.