Microchip Technology Incorporated $MCHP Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 38.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 38,527 shares of the semiconductor company’s stock after selling 23,611 shares during the period. SVB Wealth LLC’s holdings in Microchip Technology were worth $2,455,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MCHP. Winnow Wealth LLC acquired a new stake in Microchip Technology during the 3rd quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Microchip Technology in the 3rd quarter valued at $28,000. Quent Capital LLC acquired a new stake in shares of Microchip Technology in the 3rd quarter valued at $32,000. GoalVest Advisory LLC raised its holdings in shares of Microchip Technology by 174.0% in the 4th quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Microchip Technology in the 4th quarter valued at $38,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology Trading Down 0.1%

NASDAQ MCHP opened at $99.03 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18. The firm’s fifty day moving average price is $74.22 and its 200 day moving average price is $69.65. The company has a market capitalization of $53.59 billion, a price-to-earnings ratio of 471.59, a price-to-earnings-growth ratio of 1.32 and a beta of 1.75. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The company’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts expect that Microchip Technology Incorporated will post 2.14 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is 866.67%.

Microchip Technology News Roundup

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

• Positive Sentiment: KeyBanc raised its price target on Microchip Technology to $135 from $85 and kept an Overweight rating, citing strong fiscal Q4 results and Q1 guidance. KeyBanc Raises its Price Target on Microchip Technology (MCHP) to $135
• Positive Sentiment: Barclays raised its price target to $105 from $80, implying additional upside, though it maintained an Equal Weight rating.
• Positive Sentiment: Several other firms also lifted targets, including JPMorgan, Truist, Citigroup, and Wells Fargo, reinforcing a broadly bullish analyst tone around MCHP.
• Positive Sentiment: Recent commentary highlighted Microchip’s earnings beat, upbeat guidance, and renewed momentum, which have helped reset expectations and support the stock’s move higher.
• Neutral Sentiment: Short interest data showed 0 shares reported as short interest as of May 11, which does not currently indicate meaningful bearish positioning.

Wall Street Analysts Forecast Growth

MCHP has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a report on Friday. UBS Group raised their price objective on shares of Microchip Technology from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday. Wells Fargo & Company raised their price objective on shares of Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday. Jefferies Financial Group restated a “hold” rating on shares of Microchip Technology in a report on Wednesday, February 4th. Finally, Barclays raised their price objective on shares of Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.43.

Insider Activity at Microchip Technology

In related news, CEO Steve Sanghi sold 416,581 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total value of $36,879,915.93. Following the transaction, the chief executive officer directly owned 9,495,805 shares of the company’s stock, valued at $840,663,616.65. This trade represents a 4.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 526,552 shares of company stock valued at $47,130,465. Company insiders own 1.94% of the company’s stock.

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.