Key Points
- Steve Sanghi sold 18,509 shares of Microchip on Jan. 22 at an average price of $79.20, totaling about $1.466 million and reducing his holding by 0.18% to 10,021,133 shares (≈$793.7M).
- Microchip beat recent quarterly EPS estimates ($0.35 vs. $0.33) on $1.14B revenue (down 2% YoY), set Q3 FY2026 EPS guidance of $0.34–$0.40, pays a $0.455 quarterly dividend (annual $1.82, 2.4% yield), and holds a consensus analyst rating of “Moderate Buy” with a $81.27 target after several price-target upgrades.
Microchip Technology Incorporated (NASDAQ:MCHP - Get Free Report) CEO Steve Sanghi sold 18,509 shares of the business's stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $79.20, for a total transaction of $1,465,912.80. Following the completion of the sale, the chief executive officer directly owned 10,021,133 shares of the company's stock, valued at $793,673,733.60. This represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Microchip Technology Stock Up 0.1%
NASDAQ MCHP opened at $74.79 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $79.50. The company has a 50 day moving average of $65.30 and a 200-day moving average of $65.25. The company has a market cap of $40.42 billion, a price-to-earnings ratio of -166.20, a PEG ratio of 2.21 and a beta of 1.46.
Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion for 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 firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.
Microchip Technology Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Investors 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 2.4%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology's payout ratio is -404.44%.
Institutional Investors Weigh In On Microchip Technology
Several hedge funds have recently added to or reduced their stakes in the business. Parsons Capital Management Inc. RI acquired a new position in shares of Microchip Technology in the second quarter worth approximately $280,000. Mizuho Markets Cayman LP bought a new position in Microchip Technology during the 2nd quarter worth approximately $107,584,000. Boston Partners lifted its position in shares of Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company's stock worth $1,040,114,000 after purchasing an additional 4,076,112 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Microchip Technology by 498.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company's stock valued at $130,675,000 after purchasing an additional 1,694,533 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Microchip Technology by 37.2% during the third quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company's stock worth $215,881,000 after buying an additional 911,731 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
MCHP has been the subject of several analyst reports. Susquehanna boosted their target price on shares of Microchip Technology from $75.00 to $90.00 and gave the company a "positive" rating in a research report on Thursday, January 22nd. Truist Financial restated a "hold" rating and set a $60.00 price objective (down from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. Mizuho raised their target price on Microchip Technology from $80.00 to $83.00 and gave the company an "outperform" rating in a report on Friday, January 9th. Citigroup boosted their price target on Microchip Technology from $80.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, January 15th. Finally, Wells Fargo & Company increased their target price on shares of Microchip Technology from $58.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Microchip Technology presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.27.
Get Our Latest Report on MCHP
Microchip Technology Company Profile
(
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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.
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