Microchip Technology Incorporated $MCHP Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lessened its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,390 shares of the semiconductor company’s stock after selling 7,489 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Microchip Technology were worth $10,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Microchip Technology during the third quarter worth approximately $28,000. Salomon & Ludwin LLC grew 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 during the last quarter. Quent Capital LLC acquired a new stake in Microchip Technology during the 3rd quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Microchip Technology by 106.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 267 shares during the last quarter. Finally, Fourth Dimension Wealth LLC boosted its stake in Microchip Technology by 98.7% in the second quarter. Fourth Dimension Wealth LLC now owns 600 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 298 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MCHP has been the subject of several research reports. Bank of America boosted their target price on Microchip Technology from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price target on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Thursday. Finally, Needham & Company LLC upped their price target on shares of Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and an average price target of $80.82.

Microchip Technology News Summary

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

• Positive Sentiment: Susquehanna raised its price target from $75 to $90 and reiterated a “positive” rating, signaling roughly ~20% upside vs. the recent price and implying stronger medium‑term revenue/margin expectations. Susquehanna raises PT
• Positive Sentiment: BNP Paribas Exane upgraded Microchip from “neutral” to “outperform” and set a $90 price target, citing firmer demand for analog upgrades across end markets (contributes to structural tailwinds for Microchip’s analog and mixed‑signal product lines). BNP Paribas analog demand note
• Positive Sentiment: Exane BNP Paribas upgraded Microchip from “hold” to “strong‑buy,” reflecting dealer confidence that cyclical recovery in analog and embedded demand will benefit Microchip sooner than feared. Exane BNP Paribas upgrade
• Positive Sentiment: Bank of America raised its price target to $78, a modest increase that still signals near‑term upside and gives more institutional support to the stock after recent earnings/guidance. BofA raises PT to $78
• Neutral Sentiment: Zacks published a broader thematic piece highlighting technology names with favorable Earnings ESP; Microchip is included as a candidate to watch but this is a general screen rather than new company‑specific disclosure. Zacks feature

Insider Activity

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Trading Down 1.0%

NASDAQ:MCHP opened at $74.71 on Monday. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $79.50. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock’s 50 day simple moving average is $64.84 and its 200-day simple moving average is $65.26. The firm has a market cap of $40.38 billion, a P/E ratio of -166.02, a PEG ratio of 2.21 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities analysts anticipate that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, November 24th. Microchip Technology’s payout ratio is -404.44%.

About Microchip Technology

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.