Key Points
- CEO Steve Sanghi sold 98,814 shares on Jan. 28 at an average of $80.55 for about $7.96M, reducing his ownership by ~0.99% to 9.92M shares.
- Microchip beat estimates with Q1 EPS of $0.35 and revenue of $1.14B but showed a negative net margin (-4.39%); it set Q3 2026 EPS guidance of 0.340–0.400 and pays a $0.455 quarterly dividend (≈2.3% yield).
- Analyst sentiment is largely positive with recent upgrades (Bank of America, Zacks) and a MarketBeat consensus of "Moderate Buy" and a ~$82.05 target, while institutional ownership remains high (~91.5%).
Microchip Technology Incorporated (NASDAQ:MCHP - Get Free Report) CEO Steve Sanghi sold 98,814 shares of the firm's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a 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 shares were sold at an average price of $79.20, for a total value of $1,465,912.80.
Microchip Technology Stock Down 1.1%
Shares of MCHP opened at $79.36 on Friday. The stock has a 50 day moving average price of $66.98 and a 200 day moving average price of $65.46. Microchip Technology Incorporated has a one year low of $34.13 and a one year high of $81.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The stock has a market capitalization of $42.89 billion, a price-to-earnings ratio of -176.36, a PEG ratio of 2.38 and a beta of 1.46.
Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The firm's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.
Microchip Technology Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.3%. Microchip Technology's payout ratio is -404.44%.
More Microchip Technology News
Here are the key news stories impacting Microchip Technology this week:
- Positive Sentiment: Bank of America upgraded MCHP from Neutral to Buy and set a $95 price target, signaling material upside vs. the current level and likely supporting investor interest. Read More.
- Positive Sentiment: Zacks Research moved MCHP from Hold to Strong-Buy, adding to the wave of analyst upgrades that have helped push the stock higher this month. Read More.
- Positive Sentiment: UBS and other analysts have publicly said MCHP’s stock price is expected to rise, reinforcing bullish institutional sentiment and supporting upward momentum. Read More.
- Positive Sentiment: Microchip launched the PIC32CM PL10 MCU family (Arm Cortex‑M0+), expanding its low‑cost/performance roadmap — a product-cycle catalyst for revenue in embedded and IoT markets. Read More.
- Positive Sentiment: Zacks notes Microchip has the setup for an earnings beat in the upcoming report, which could lift sentiment if results and guidance exceed expectations. Read More.
- Neutral Sentiment: Analyst coverage remains constructive (average "Moderate Buy") and many notes recap the one‑year share price run; these are supportive but already reflected in valuations for some investors. Read More.
- Neutral Sentiment: Market write-ups (AAII, Yahoo Finance, Barchart) explain why MCHP rallied (up ~6% in some pieces) and debate valuation and timing — useful for framing risk/reward but not direct catalysts. Read More. Read More. Read More.
- Negative Sentiment: CEO Steve Sanghi sold 98,814 shares (~$8.0M) on Jan. 28, reducing his ownership ~0.99% — insider selling can be perceived negatively by some investors even if part of routine diversification. Read More.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Zacks Research upgraded Microchip Technology from a "hold" rating to a "strong-buy" rating in a research report on Monday. Weiss Ratings restated a "sell (d+)" rating on shares of Microchip Technology in a report on Thursday, January 22nd. Wells Fargo & Company upped their target price on shares of Microchip Technology from $58.00 to $68.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 7th. Rosenblatt Securities reiterated a "buy" rating and set a $80.00 price target on shares of Microchip Technology in a research report on Tuesday, January 6th. Finally, Needham & Company LLC upped their price objective on shares of Microchip Technology from $75.00 to $77.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $82.05.
View Our Latest Stock Report on MCHP
Hedge Funds Weigh In On Microchip Technology
A number of institutional investors and hedge funds have recently modified their holdings of MCHP. Winnow Wealth LLC purchased a new position in shares of Microchip Technology in the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Microchip Technology in the third quarter valued at approximately $28,000. Salomon & Ludwin LLC raised its holdings in Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Microchip Technology during the 3rd quarter worth approximately $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 valued at $33,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.
Microchip Technology Company Profile
(
Get Free Report)
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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