Principal Financial Group Inc. Has $39.01 Million Holdings in Microchip Technology Incorporated $MCHP

Principal Financial Group Inc. trimmed its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,494 shares of the semiconductor company’s stock after selling 18,300 shares during the period. Principal Financial Group Inc.’s holdings in Microchip Technology were worth $39,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Winnow Wealth LLC acquired a new position in Microchip Technology in the third quarter valued at about $25,000. Root Financial Partners LLC bought a new position in Microchip Technology in the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC raised its position in shares of Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 329 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Microchip Technology in the 3rd quarter valued at approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 267 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $78.04 on Friday. The stock has a market capitalization of $42.18 billion, a PE ratio of -173.42, a PEG ratio of 2.00 and a beta of 1.46. The business’s 50 day simple moving average is $69.54 and its 200 day simple moving average is $65.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $81.43.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business’s revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s dividend payout ratio is presently -404.44%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. B. Riley upped their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, January 22nd. Piper Sandler boosted their target price on Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a report on Thursday, January 22nd. Finally, TD Cowen reduced their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $84.64.

Trending Headlines about Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Q3 results showed revenue growth and an EPS beat (EPS $0.44 vs. $0.43 consensus; revenue $1.19B, +15.6% y/y), signaling improving demand and margin recovery. Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2026
• Positive Sentiment: Company-issued FYQ4 guidance was lifted above consensus on EPS (guide $0.480–$0.520 vs. ~$0.450 street estimate) and revenue was guided to roughly $1.2–$1.3B, suggesting management expects sequential improvement. Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2026
• Positive Sentiment: Management signaled ~6.2% sequential sales growth for Q4 with continued momentum in automotive and connectivity end markets—supportive for forward revenue visibility. Microchip signals 6.2% sequential sales growth for Q4 2026 as automotive and connectivity momentum builds
• Positive Sentiment: Board declared a quarterly cash dividend of $0.455 per share (payable March 10), supporting yield-focused investor interest. Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share
• Positive Sentiment: Strategic collaboration with Hyundai Motor Group to explore Single Pair Ethernet for automotive connectivity reinforces exposure to growing auto content. Microchip Technology and Hyundai Motor Group Collaborate to Explore 10BASE-T1S Single Pair Ethernet for Future Automotive Connectivity
• Neutral Sentiment: Full earnings call transcript and slide deck are available for deeper read on inventory, gross-margin drivers, and product-level trends. Useful for investors wanting detail but not a discrete catalyst. Microchip Technology Incorporated (MCHP) Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst and media write-ups (Zacks, MarketBeat) provide metric comparisons and context on margins and underutilization charges—helpful for modeling but not new catalysts. Compared to Estimates, Microchip Tech (MCHP) Q3 Earnings: A Look at Key Metrics
• Negative Sentiment: Reuters highlighted that Microchip forecasted quarterly profit below some Street estimates and flagged memory-supply constraints—raising concerns about near-term margin pressure and industry supply dynamics. Microchip Tech forecasts quarterly profit below estimates as memory shortages bite
• Negative Sentiment: TD Cowen kept a Hold rating and trimmed the price target to $70, reflecting limited near-term visibility and a gradual recovery thesis—adds pressure to sentiment. Microchip Technology: Gradual Recovery and Limited Visibility Justify Hold Rating and Lowered $70 Target
• Negative Sentiment: Some outlets noted an immediate share decline (~4%) after the report despite the beat, indicating profit-taking and disappointment over either guidance nuance or broader industry risk. Microchip Technology shares fall 4% despite beating Q3 estimates

Insider Buying and Selling at Microchip Technology

In other news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 121,615 shares of company stock valued at $9,641,654. 1.94% of the stock is currently owned by insiders.

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.