Microchip Technology Incorporated (NASDAQ:MCHP – Get Free Report) COO Richard Simoncic sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $93.44, for a total value of $467,200.00. Following the transaction, the chief operating officer owned 135,508 shares in the company, valued at approximately $12,661,867.52. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Microchip Technology Trading Down 0.8%
Shares of Microchip Technology stock opened at $96.04 on Friday. The stock has a market cap of $52.06 billion, a P/E ratio of 457.36, a P/E/G ratio of 1.02 and a beta of 1.75. The stock’s 50 day simple moving average is $81.44 and its 200-day simple moving average is $72.65. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18.
Microchip Technology (NASDAQ:MCHP – Get Free Report) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Analysts predict that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.
Microchip Technology Dividend Announcement
Microchip Technology News Roundup
Here are the key news stories impacting Microchip Technology this week:
- Positive Sentiment: Microchip’s presentation at TD Cowen’s Technology, Media & Telecom Conference kept investor focus on management’s latest outlook and execution, which can reinforce confidence in the company’s AI, data center, and industrial demand story. Microchip Technology Incorporated (MCHP) Presents at TD Cowen’s 54th Annual Technology, Media & Telecom Conference Transcript
- Positive Sentiment: New commentary highlighted Microchip as an AI semiconductor beneficiary, citing strong demand trends and improving operating leverage after its recent earnings beat, which supports the bullish case for the stock. Microchip Technology Incorporated (MCHP) Capitalizes on Data Center and AI Boom
- Positive Sentiment: Technical coverage said MCHP recently moved above its 20-day moving average, signaling short-term momentum and suggesting traders are seeing a bullish breakout. Microchip Technology (MCHP) Recently Broke Out Above the 20-Day Moving Average
- Positive Sentiment: Analyst sentiment remains constructive, with several firms reiterating buy ratings and raising price targets after the earnings report, reflecting confidence in the company’s growth and outlook. Why These 3 Automotive & Industrial Chip Stocks Just Soared
- Neutral Sentiment: Microchip was also mentioned in broader “AI stock” and “AI chip” lists, which adds visibility but does not by itself change the company’s fundamentals. 5 AI Stocks to Buy as Markets Defy “Sell in May and Go Away” Adage
- Negative Sentiment: Recent insider selling by the CFO and COO may create some caution among investors, even though the trades were small and the CFO sale was made under a pre-arranged 10b5-1 plan. Insider Selling: Microchip Technology (NASDAQ:MCHP) CFO Sells 3,667 Shares of Stock
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MCHP. Winnow Wealth LLC purchased a new position in Microchip Technology in the third quarter worth approximately $25,000. Root Financial Partners LLC acquired a new position in Microchip Technology during the third quarter worth $28,000. EFG International AG acquired a new position in Microchip Technology during the fourth quarter worth $29,000. Miller Capital Partners Inc. acquired a new position in Microchip Technology during the fourth quarter worth $29,000. Finally, Reflection Asset Management acquired a new position in Microchip Technology during the fourth quarter worth $33,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MCHP has been the topic of several recent research reports. KeyCorp restated an “overweight” rating and set a $85.00 target price on shares of Microchip Technology in a report on Friday, February 6th. Rosenblatt Securities increased their price objective on Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Needham & Company LLC increased their price objective on Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. UBS Group increased their price objective on Microchip Technology from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.52.
Get Our Latest Stock Analysis on Microchip Technology
About Microchip Technology
Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.
Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.
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