Teacher Retirement System of Texas Sells 10,997 Shares of Microchip Technology Incorporated $MCHP

Teacher Retirement System of Texas cut its holdings in Microchip Technology Incorporated (NASDAQ:MCHP) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,673 shares of the semiconductor company’s stock after selling 10,997 shares during the quarter. Teacher Retirement System of Texas’ holdings in Microchip Technology were worth $4,539,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MCHP. Norges Bank bought a new position in Microchip Technology during the second quarter worth $473,320,000. Dodge & Cox raised its holdings in shares of Microchip Technology by 958.4% during the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after purchasing an additional 5,740,827 shares during the period. Boston Partners raised its holdings in shares of Microchip Technology by 38.2% during the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after purchasing an additional 4,101,034 shares during the period. State Street Corp boosted its position in shares of Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after purchasing an additional 2,489,258 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Microchip Technology by 582.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,154,164 shares of the semiconductor company’s stock valued at $151,589,000 after buying an additional 1,838,300 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MCHP. UBS Group upped their price target on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp restated an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. B. Riley upped their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Bank of America lifted their price target on shares of Microchip Technology from $72.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.27.

Microchip Technology News Roundup

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

• Positive Sentiment: Zacks added MCHP to multiple top lists (momentum and income), signaling short‑term bullish interest from momentum/income-focused investors — a positive for demand and sentiment. Best Momentum Stocks to Buy for January 27th
• Positive Sentiment: Product expansion: Microchip expanded its maXTouch M1 touchscreen controller family to cover a much broader range of automotive display sizes (2–5″ up to 42″), strengthening its automotive content opportunity and addressable market. Microchip Expands maXTouch® M1 Touchscreen Controller Series
• Positive Sentiment: Analyst upgrade/price target lift: UBS raised its price target to $95 (buy), implying significant upside from current levels — this can attract institutional and retail buying. Benzinga (UBS price target raise)
• Neutral Sentiment: Ongoing analyst coverage shows multiple target upgrades and a “Moderate Buy” consensus (consensus target ~$81.27). These reinforce positive narrative but also reflect expectations already priced in. MarketBeat Microchip summary
• Negative Sentiment: Insider selling: CEO Steve Sanghi sold 18,509 shares (~$1.47M) on Jan. 22 (a 0.18% reduction in his holdings). While not large relative to his stake, insider sales can be read negatively by some investors. Steve Sanghi Sells 18,509 Shares

Microchip Technology Trading Up 0.5%

NASDAQ MCHP opened at $75.16 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $65.78 and a 200 day simple moving average of $65.26. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $79.50. The firm has a market capitalization of $40.62 billion, a P/E ratio of -167.02, a PEG ratio of 2.21 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted 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 firm 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%. The business’s 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 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were given 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 dividend payout ratio is presently -404.44%.

Insider Activity

In related news, CEO Steve Sanghi sold 18,509 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was 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 approximately $793,673,733.60. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.94% 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.