Microchip Technology Incorporated $MCHP Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 30.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,748,426 shares of the semiconductor company’s stock after purchasing an additional 643,219 shares during the period. Deutsche Bank AG’s holdings in Microchip Technology were worth $250,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. EFG International AG purchased a new position in Microchip Technology during the fourth quarter worth approximately $29,000. Miller Capital Partners Inc. purchased a new stake in Microchip Technology in the 4th quarter valued at $29,000. Continuum Advisory LLC purchased a new stake in Microchip Technology in the 2nd quarter valued at $30,000. Reflection Asset Management purchased a new stake in Microchip Technology in the 4th quarter valued at $33,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Microchip Technology in the 4th quarter worth $33,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In related news, COO Richard J. Simoncic sold 5,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at $12,727,140.16. The trade was a 3.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew W. Chapman sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $97.52, for a total value of $292,560.00. Following the sale, the director owned 17,665 shares in the company, valued at approximately $1,722,690.80. This trade represents a 14.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 16,667 shares of company stock worth $1,580,580. Corporate insiders own 1.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reiterated a “buy” rating and set a $120.00 price target (down from $130.00) on shares of Microchip Technology in a report on Friday, August 7th. Truist Financial dropped their price objective on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 7th. Rosenblatt Securities restated a “buy” rating and set a $120.00 price objective on shares of Microchip Technology in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC boosted their target price on shares of Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average target price of $98.85.

Microchip Technology Trading Down 2.6%

NASDAQ MCHP opened at $78.19 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. The firm has a market cap of $42.46 billion, a price-to-earnings ratio of 116.70, a PEG ratio of 0.62 and a beta of 1.76. The firm has a 50 day simple moving average of $85.23 and a 200-day simple moving average of $81.54. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91.

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

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th will be given 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 dividend yield of 2.3%. Microchip Technology’s dividend payout ratio is currently 271.64%.

Microchip Technology 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.