Commerce Bank Acquires New Holdings in Microchip Technology Incorporated $MCHP

Posted by Brenda Bartman on Aug 23rd, 2026

Commerce Bank bought a new position in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 139,633 shares of the semiconductor company’s stock, valued at approximately $12,735,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. EFG International AG purchased a new position in shares of Microchip Technology in the 4th quarter worth $29,000. Miller Capital Partners Inc. bought a new stake in shares of Microchip Technology in the fourth quarter worth $29,000. Continuum Advisory LLC purchased a new stake in Microchip Technology during the second quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in Microchip Technology in the second quarter valued at about $31,000. Finally, Reflection Asset Management bought a new position in Microchip Technology in the fourth quarter valued at about $33,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $76.08 on Friday. The company has a market capitalization of $41.31 billion, a P/E ratio of 113.55, a P/E/G ratio of 0.53 and a beta of 1.76. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91. The firm’s 50 day simple moving average is $84.29 and its two-hundred day simple moving average is $81.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The company’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. Research analysts expect that Microchip Technology Incorporated will post 3.16 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently 271.64%.

Insider Activity

In related news, COO Richard J. Simoncic sold 5,000 shares of Microchip Technology stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $97.52, for a total transaction of $487,600.00. Following the sale, the chief operating officer owned 130,508 shares of the company’s stock, valued at approximately $12,727,140.16. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 837 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $80.26, for a total value of $67,177.62. Following the completion of the transaction, the chief financial officer directly owned 30,960 shares in the company, valued at approximately $2,484,849.60. This represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,837 shares of company stock worth $847,338 over the last ninety days. Corporate insiders own 1.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MCHP. Wall Street Zen raised shares of Microchip Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Susquehanna upped their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a report on Friday, May 8th. Wells Fargo & Company dropped their price target on shares of Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Monday, July 20th. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Truist Financial reduced their price objective on Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $98.67.

Check Out Our Latest Analysis on Microchip Technology

Microchip Technology Company Profile

(Free Report)

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.