Microchip Technology (NASDAQ:MCHP) Director Sells $292,560.00 in Stock

Microchip Technology Incorporated (NASDAQ:MCHP) Director Matthew Chapman sold 3,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $97.52, for a total value of $292,560.00. Following the completion of the transaction, the director directly owned 17,665 shares in the company, valued at approximately $1,722,690.80. This represents a 14.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Microchip Technology Price Performance

MCHP stock opened at $94.65 on Monday. The stock’s fifty day simple moving average is $82.04 and its two-hundred day simple moving average is $72.93. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91. The stock has a market cap of $51.31 billion, a P/E ratio of 450.74, a P/E/G ratio of 1.00 and a beta of 1.73.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data 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. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Analysts expect that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.455 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.82 annualized dividend and a yield of 1.9%. Microchip Technology’s payout ratio is currently 866.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Winnow Wealth LLC bought a new position in shares of Microchip Technology during the 3rd quarter worth $25,000. EFG International AG bought a new position in shares of Microchip Technology during the 4th quarter worth $29,000. Miller Capital Partners Inc. bought a new position in shares of Microchip Technology during the 4th quarter worth $29,000. Reflection Asset Management bought a new position in shares of Microchip Technology during the 4th quarter worth $33,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Microchip Technology during the 4th quarter worth $33,000. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

MCHP has been the topic of a number of research reports. KeyCorp reaffirmed an “overweight” rating and issued a $85.00 price target on shares of Microchip Technology in a report on Friday, February 6th. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Rosenblatt Securities raised their target price on Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Barclays raised their target price on Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, Mizuho increased their price target on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $97.52.

Microchip Technology Company Profile

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.