Key Points
- CFO James Eric Bjornholt sold 4,292 Microchip shares on Nov. 25 at an average of $50.39 for $216,273.88, leaving him with 30,089 shares (a 12.48% drop in his holdings), according to an SEC filing.
- The company declared a quarterly dividend of $0.455 per share (ex-dividend and record date Nov. 24, payable Dec. 9), equal to $1.82 annualized and a 3.5% yield, with a payout ratio of -404.44%.
- Q3 results beat estimates with $0.35 EPS vs. $0.33 expected and $1.14B revenue (down 2% y/y); Microchip set Q3 2026 guidance of $0.340–$0.400 EPS and carries a MarketBeat consensus target of $73.47 ("Moderate Buy").
Microchip Technology Incorporated (NASDAQ:MCHP - Get Free Report) CFO James Eric Bjornholt sold 4,292 shares of the firm's stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the sale, the chief financial officer directly owned 30,089 shares of the company's stock, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Microchip Technology Trading Up 1.4%
Shares of NASDAQ MCHP opened at $52.57 on Thursday. The company has a quick ratio of 1.33, a current ratio of 2.31 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 company has a market cap of $28.41 billion, a price-to-earnings ratio of -154.62, a P/E/G ratio of 1.79 and a beta of 1.57. The business has a fifty day simple moving average of $61.10 and a 200-day simple moving average of $64.72.
Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The business's quarterly revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Sell-side analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current year.
Microchip Technology Dividend Announcement
The firm also recently declared 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. The ex-dividend date is Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.5%. Microchip Technology's payout ratio is currently -404.44%.
Institutional Investors Weigh In On Microchip Technology
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC lifted its holdings in Microchip Technology by 18.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,470,059 shares of the semiconductor company's stock worth $94,407,000 after buying an additional 226,078 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Microchip Technology in the third quarter worth about $6,051,000. Coldstream Capital Management Inc. lifted its position in Microchip Technology by 22.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 18,576 shares of the semiconductor company's stock valued at $1,193,000 after purchasing an additional 3,392 shares during the period. Danske Bank A S acquired a new stake in shares of Microchip Technology during the 3rd quarter worth approximately $16,493,000. Finally, Stance Capital LLC acquired a new position in Microchip Technology in the third quarter valued at approximately $1,334,000. Institutional investors and hedge funds own 91.51% of the company's stock.
Analysts Set New Price Targets
MCHP has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on Microchip Technology from $82.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, November 7th. Weiss Ratings restated a "sell (d+)" rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Needham & Company LLC reduced their price objective on shares of Microchip Technology from $77.00 to $73.00 and set a "buy" rating for the company in a report on Friday, November 7th. Raymond James Financial boosted their price target on Microchip Technology from $65.00 to $75.00 and gave the company a "strong-buy" rating in a research note on Friday, August 8th. Finally, Piper Sandler upped their target price on shares of Microchip Technology from $65.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Microchip Technology currently has an average rating of "Moderate Buy" and a consensus target price of $73.47.
View Our Latest Stock Analysis on Microchip Technology
About Microchip Technology
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
