Microchip Technology (NASDAQ:MCHP) CEO Steve Sanghi Sells 98,814 Shares of Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CEO Steve Sanghi sold 98,814 shares of Microchip Technology 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 sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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%

NASDAQ:MCHP opened at $79.36 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $81.43. The company has a 50-day moving average of $66.98 and a 200 day moving average of $65.46. The firm has a market cap of $42.89 billion, a PE ratio of -176.36, a price-to-earnings-growth ratio of 2.38 and a beta of 1.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20.

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

Microchip Technology Dividend Announcement

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

Key Stories Impacting Microchip Technology

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.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCHP. Wells Fargo & Company lifted their price target 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. Morgan Stanley boosted their target price on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Cantor Fitzgerald raised Microchip Technology from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $65.00 to $85.00 in a report on Tuesday, December 16th. KeyCorp restated an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, Truist Financial reiterated a “hold” rating and issued a $60.00 target price (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $82.05.

Institutional Trading of Microchip Technology

A number of hedge funds have recently modified their holdings of MCHP. Norges Bank acquired a new stake in shares of Microchip Technology during the 2nd quarter worth approximately $473,320,000. Dodge & Cox lifted its position in shares of Microchip Technology by 958.4% during the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after buying an additional 5,740,827 shares in the last quarter. Boston Partners grew its stake in Microchip Technology by 38.2% in the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after acquiring an additional 4,101,034 shares during the period. State Street Corp increased its holdings in Microchip Technology by 8.5% in the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after acquiring an additional 2,489,258 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its position in Microchip Technology by 25.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock worth $709,506,000 after acquiring an additional 2,257,932 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

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.