Insider Selling: Microchip Technology (NASDAQ:MCHP) CEO Sells 98,814 Shares of Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, January 22nd, Steve Sanghi sold 18,509 shares of Microchip Technology stock. The stock was sold at an average price of $79.20, for a total value of $1,465,912.80.

Microchip Technology Stock Performance

Shares of Microchip Technology stock traded down $0.92 on Thursday, reaching $79.36. 7,820,570 shares of the company traded hands, compared to its average volume of 9,165,315. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The company has a 50 day moving average of $66.37 and a 200 day moving average of $65.36. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $81.43. The firm has a market capitalization of $42.89 billion, a PE ratio of -176.36, a PEG ratio of 2.23 and a beta of 1.46.

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

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s payout ratio is currently -404.44%.

Hedge Funds Weigh In On Microchip Technology

A number of hedge funds have recently made changes to their positions in the business. Winnow Wealth LLC purchased a new position in Microchip Technology in the 3rd quarter worth approximately $25,000. Root Financial Partners LLC bought a new position in Microchip Technology during the third quarter valued at approximately $28,000. Salomon & Ludwin LLC grew its holdings in shares of Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Microchip Technology in the 3rd quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Microchip Technology by 106.8% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MCHP. Piper Sandler lifted their target price on shares of Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. B. Riley lifted their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 12th. Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Wednesday. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research note on Thursday, January 22nd. Finally, BNP Paribas Exane raised shares of Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $82.05.

Key Microchip Technology News

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

• Positive Sentiment: AAII highlights a sharp intraday rally tied to strong analyst coverage and bullish commentary that pushed sentiment higher. Why Microchip Technology Incorporated’s (MCHP) Stock Is Up 6.33%
• Positive Sentiment: Bank of America upgraded MCHP from Neutral to Buy and set a $95 price target, signaling analyst conviction and providing upside from current levels. Bank of America upgrade to Buy
• Positive Sentiment: Zacks upgraded Microchip from Hold to Strong-Buy, adding another buy-side endorsement that supports momentum. Zacks upgrade to Strong-Buy
• Positive Sentiment: Barchart and other analyst-coverage roundups show continued bullish estimates and ratings, reinforcing the view that sell‑side sentiment is constructive. Microchip Technology Stock: Analyst Estimates & Ratings
• Positive Sentiment: Product news: Microchip expanded its Arm Cortex-M0+ portfolio with new PIC32CM PL10 MCUs — a product release that supports future revenue opportunities in embedded markets. PIC32CM PL10 MCUs Expand Microchip’s Arm® Cortex®-M0+ Portfolio
• Neutral Sentiment: Zacks preview and other earnings‑preview pieces flag that Microchip has the setup for an earnings beat, but details and guidance (out this week) will drive the next big move. Microchip Technology (MCHP) Earnings Expected to Grow: Should You Buy?
• Neutral Sentiment: Coverage summaries (AmericanBankingNews) note an average analyst rating around “Moderate Buy” and remind investors that quarterly results are imminent — reinforcing near‑term focus on guidance. Microchip Technology Incorporated (NASDAQ:MCHP) Receives Average Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: Yahoo Finance pieces discuss the stock’s strong one‑year run and debate whether it’s “too late” to buy — framing the trade as a momentum vs. valuation decision for investors. Is It Too Late To Consider Microchip Technology (MCHP) After Its Strong 1 Year Share Price Run?
• Negative Sentiment: Near‑term pullback likely reflects profit‑taking and valuation concerns after a large one‑year gain; lower intraday volume versus average suggests some selling pressure ahead of the earnings release (a catalyst that could amplify moves).

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.