Key Points
- Microchip CFO James Eric Bjornholt sold 4,112 shares at an average price of $75.32, totaling approximately $309,716, under a pre-arranged Rule 10b5-1 trading plan. He now directly owns 28,573 shares; he also sold 837 shares earlier in August.
- Microchip exceeded quarterly expectations, reporting $0.76 EPS versus the $0.70 consensus and $1.48 billion in revenue, up 38% year over year. The company guided to $0.91–$0.95 EPS for Q2 2027.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $98.67, while the company declared a quarterly dividend of $0.455 per share, representing a 2.5% annualized yield.
Microchip Technology Incorporated (NASDAQ:MCHP - Get Free Report) CFO James Eric Bjornholt sold 4,112 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total transaction of $309,715.84. Following the completion of the transaction, the chief financial officer directly owned 28,573 shares in the company, valued at $2,152,118.36. This represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
James Eric Bjornholt also recently made the following trade(s):
- On Monday, August 17th, James Eric Bjornholt sold 837 shares of Microchip Technology stock. The stock was sold at an average price of $80.26, for a total transaction of $67,177.62.
Microchip Technology Stock Up 0.7%
MCHP stock opened at $74.05 on Thursday. The stock has a market capitalization of $40.21 billion, a PE ratio of 110.52, a price-to-earnings-growth ratio of 0.51 and a beta of 1.76. The company has a fifty day moving average of $82.92 and a 200-day moving average of $81.43. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91.
Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The business's revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. As a group, analysts expect that Microchip Technology Incorporated will post 3.16 EPS for the current year.
Microchip Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 24th. Microchip Technology's dividend payout ratio (DPR) is currently 271.64%.
Institutional Trading of Microchip Technology
A number of hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in Microchip Technology by 3,833.7% in the 4th quarter. Wolverine Asset Management LLC now owns 37,921 shares of the semiconductor company's stock worth $2,416,000 after purchasing an additional 36,957 shares in the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new stake in shares of Microchip Technology in the 4th quarter valued at approximately $6,691,000. Epoch Investment Partners Inc. boosted its stake in Microchip Technology by 16.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,349,136 shares of the semiconductor company's stock worth $85,967,000 after purchasing an additional 191,339 shares during the period. Peregrine Investment Management Inc. acquired a new position in Microchip Technology in the 1st quarter worth approximately $5,492,000. Finally, Norges Bank purchased a new position in Microchip Technology during the 4th quarter worth approximately $664,564,000. Hedge funds and other institutional investors own 91.51% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on MCHP shares. JPMorgan Chase & Co. boosted their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, May 8th. Zacks Research cut Microchip Technology from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Truist Financial cut their price target 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. Weiss Ratings upgraded shares of Microchip Technology from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Finally, BMO Capital Markets initiated coverage on shares of Microchip Technology in a research note on Friday, August 21st. They issued an "outperform" rating and a $95.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.67.
Check Out Our Latest Report on Microchip Technology
Microchip Technology Company Profile
(
Get 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.
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