Steve Sanghi Sells 76,469 Shares of Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CEO Steve Sanghi sold 76,469 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.58, for a total value of $7,155,969.02. Following the transaction, the chief executive officer owned 9,385,834 shares of the company’s stock, valued at approximately $878,326,345.72. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Steve Sanghi also recently made the following trade(s):

• On Thursday, April 30th, Steve Sanghi sold 33,502 shares of Microchip Technology stock. The stock was sold at an average price of $92.37, for a total value of $3,094,579.74.
• On Thursday, April 23rd, Steve Sanghi sold 416,581 shares of Microchip Technology stock. The stock was sold at an average price of $88.53, for a total value of $36,879,915.93.

Microchip Technology Trading Up 3.3%

NASDAQ:MCHP opened at $98.48 on Wednesday. Microchip Technology Incorporated has a 1 year low of $46.68 and a 1 year high of $99.08. The stock has a market cap of $53.29 billion, a price-to-earnings ratio of -339.59, a PEG ratio of 1.27 and a beta of 1.75. The business has a fifty day moving average of $72.23 and a 200-day moving average of $68.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities analysts predict that Microchip Technology Incorporated will post 1.16 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a $0.455 dividend. The ex-dividend date was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 1.8%. Microchip Technology’s dividend payout ratio is -627.59%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MCHP. Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. JPMorgan Chase & Co. upped their price objective on Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Susquehanna upped their price objective on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. Mizuho upped their price objective on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Wells Fargo & Company upped their price objective on Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Key Stories Impacting Microchip Technology

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

• Positive Sentiment: Analysts turned more bullish on MCHP in recent coverage, including a visible rating update that lifted investor sentiment and helped support the rally. Microchip (MCHP) Receives a Rating Update from a Top Analyst
• Positive Sentiment: Coverage grouping Microchip among favored tech names reinforced buying interest as analysts highlight improving fundamentals across the sector. Analysts Are Bullish on Top Technology Stocks: Microchip (MCHP), Uber Technologies (UBER)
• Positive Sentiment: Pre-earnings previews point to a constructive Q4 setup: Zacks and other previews cite company guidance for FY‑Q4 sales near $1.26B and EPS guidance of $0.48–$0.52, with backlog, mix shifts and easing inventory cited as growth supports — expectations that can spark short‑term upside if results beat. Microchip to Report Q4 Earnings: What’s in Store for the Stock?
• Positive Sentiment: Sector momentum: Morgan Stanley and other brokers have been increasing targets or upgrading semiconductor names as demand and pricing dynamics improve, which lifts sentiment for Microchip as a cyclical beneficiary. Morgan Stanley ups targets on several semiconductor stocks as market strengthens
• Neutral Sentiment: Reminder to mark calendars: multiple outlets flag Microchip’s Q4 print on May 7 — positioning and volatility can increase into the report. Investors should watch revenue, guidance, backlog commentary and margin drivers. Dear Microchip Technology Stock Fans, Mark Your Calendars for May 7
• Negative Sentiment: Insider selling: CEO Steve Sanghi sold sizable blocks of stock (multiple filings for April/May), which can raise concerns, although the trades were executed under pre‑arranged Rule 10b5‑1 plans and thus are less informative about near‑term company outlook. Steve Sanghi Sells 33,502 Shares of Microchip Technology (NASDAQ:MCHP) Stock

Institutional Investors Weigh In On Microchip Technology

Several hedge funds have recently modified their holdings of the stock. Winnow Wealth LLC purchased a new stake in Microchip Technology in the 3rd quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in Microchip Technology in the 3rd quarter worth about $28,000. EFG International AG purchased a new stake in Microchip Technology in the 4th quarter worth about $29,000. Miller Capital Partners Inc. purchased a new stake in Microchip Technology in the 4th quarter worth about $29,000. Finally, Salomon & Ludwin LLC lifted its stake in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 329 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

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.