Key Points
- Microchip CEO Steve Sanghi sold 33,502 shares on April 30 at an average price of $92.37 for about $3.09M, with the transaction executed under a pre-arranged Rule 10b5-1 plan; additional insider sales on April 23 and May 1 reduced his stake by 0.35% to 9,462,303 shares (≈$874M).
- Microchip reported $0.44 EPS (slightly beating estimates) and revenue of $1.19B, up 15.6% year-over-year, and set Q4 2026 guidance of $0.480–0.520 EPS; the stock has a $51.54B market cap, a 12‑month range of $46.68–$96.22, and a ~1.9% dividend yield.
Microchip Technology Incorporated (NASDAQ:MCHP - Get Free Report) CEO Steve Sanghi sold 33,502 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $92.37, for a total value of $3,094,579.74. Following the completion of the transaction, the chief executive officer owned 9,462,303 shares in the company, valued at approximately $874,032,928.11. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Steve Sanghi also recently made the following trade(s):
- On Friday, May 1st, Steve Sanghi sold 76,469 shares of Microchip Technology stock. The shares were sold at an average price of $93.58, for a total value of $7,155,969.02.
- On Thursday, April 23rd, Steve Sanghi sold 416,581 shares of Microchip Technology stock. The shares were sold at an average price of $88.53, for a total value of $36,879,915.93.
Microchip Technology Price Performance
Shares of MCHP opened at $95.25 on Tuesday. Microchip Technology Incorporated has a 12-month low of $46.68 and a 12-month high of $96.22. The business's fifty day moving average is $71.81 and its 200 day moving average is $68.44. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock has a market cap of $51.54 billion, a P/E ratio of -328.44, a P/E/G ratio of 1.26 and a beta of 1.75.
Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $0.20 EPS. Microchip Technology's quarterly revenue was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Sell-side analysts anticipate that Microchip Technology Incorporated will post 1.16 earnings per share for the current fiscal year.
Microchip Technology Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. Microchip Technology's payout ratio is presently -627.59%.
Institutional Investors Weigh In On Microchip Technology
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Winnow Wealth LLC purchased a new position in shares of Microchip Technology in the 3rd quarter worth approximately $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology during the third quarter worth $28,000. EFG International AG purchased a new position in Microchip Technology in the fourth quarter worth $29,000. Miller Capital Partners Inc. purchased a new position in Microchip Technology in the fourth quarter worth $29,000. Finally, Salomon & Ludwin LLC grew its stake in 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 purchasing an additional 329 shares during the period. Hedge funds and other institutional investors own 91.51% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on MCHP shares. Truist Financial lifted their price target on Microchip Technology from $60.00 to $68.00 and gave the company a "hold" rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price objective on Microchip Technology from $68.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Friday, February 6th. Wall Street Zen lowered Microchip Technology from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Microchip Technology in a research report on Wednesday, February 4th. Finally, KeyCorp reiterated an "overweight" rating and set a $85.00 price target on shares of Microchip Technology in a report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.00.
View Our Latest Report on Microchip Technology
About Microchip Technology
(
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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