Microchip Technology Incorporated (NASDAQ:MCHP – Get Free Report) CEO Steve Sanghi sold 33,502 shares of Microchip Technology stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $92.37, for a total transaction of $3,094,579.74. Following the completion of the sale, the chief executive officer owned 9,462,303 shares in the company, valued at approximately $874,032,928.11. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction 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 transaction of $36,879,915.93.
Microchip Technology Trading Up 3.3%
Shares of NASDAQ:MCHP opened at $98.48 on Wednesday. The company has a market cap of $53.29 billion, a PE ratio of -339.59, a P/E/G ratio of 1.27 and a beta of 1.75. The company’s 50-day moving average price is $72.23 and its 200 day moving average price is $68.68. Microchip Technology Incorporated has a fifty-two week low of $46.68 and a fifty-two week high of $99.08. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.
Microchip Technology Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s payout ratio is -627.59%.
More Microchip Technology News
Here are the key news stories impacting Microchip Technology this week:
- Positive Sentiment: Analysts turned more bullish on MCHP in recent coverage, including a visible rating update that lifted investor sentiment and helped support the rally. Microchip (MCHP) Receives a Rating Update from a Top Analyst
- Positive Sentiment: Coverage grouping Microchip among favored tech names reinforced buying interest as analysts highlight improving fundamentals across the sector. Analysts Are Bullish on Top Technology Stocks: Microchip (MCHP), Uber Technologies (UBER)
- Positive Sentiment: Pre-earnings previews point to a constructive Q4 setup: Zacks and other previews cite company guidance for FY‑Q4 sales near $1.26B and EPS guidance of $0.48–$0.52, with backlog, mix shifts and easing inventory cited as growth supports — expectations that can spark short‑term upside if results beat. Microchip to Report Q4 Earnings: What’s in Store for the Stock?
- Positive Sentiment: Sector momentum: Morgan Stanley and other brokers have been increasing targets or upgrading semiconductor names as demand and pricing dynamics improve, which lifts sentiment for Microchip as a cyclical beneficiary. Morgan Stanley ups targets on several semiconductor stocks as market strengthens
- Neutral Sentiment: Reminder to mark calendars: multiple outlets flag Microchip’s Q4 print on May 7 — positioning and volatility can increase into the report. Investors should watch revenue, guidance, backlog commentary and margin drivers. Dear Microchip Technology Stock Fans, Mark Your Calendars for May 7
- Negative Sentiment: Insider selling: CEO Steve Sanghi sold sizable blocks of stock (multiple filings for April/May), which can raise concerns, although the trades were executed under pre‑arranged Rule 10b5‑1 plans and thus are less informative about near‑term company outlook. Steve Sanghi Sells 33,502 Shares of Microchip Technology (NASDAQ:MCHP) Stock
Institutional Trading of Microchip Technology
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Resonant Capital Advisors LLC raised its holdings in shares of Microchip Technology by 0.9% in the 1st quarter. Resonant Capital Advisors LLC now owns 12,542 shares of the semiconductor company’s stock worth $810,000 after purchasing an additional 118 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of Microchip Technology by 25.8% in the 4th quarter. MCF Advisors LLC now owns 659 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 135 shares in the last quarter. Gagnon Securities LLC raised its holdings in shares of Microchip Technology by 0.5% in the 4th quarter. Gagnon Securities LLC now owns 27,162 shares of the semiconductor company’s stock worth $1,731,000 after purchasing an additional 137 shares in the last quarter. Evelyn Partners Investment Management LLP raised its holdings in shares of Microchip Technology by 1.5% in the 4th quarter. Evelyn Partners Investment Management LLP now owns 9,300 shares of the semiconductor company’s stock worth $593,000 after purchasing an additional 140 shares in the last quarter. Finally, Millstone Evans Group LLC raised its holdings in shares of Microchip Technology by 23.7% in the 4th quarter. Millstone Evans Group LLC now owns 742 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 142 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Stifel Nicolaus set a $90.00 price target on shares of Microchip Technology in a research report on Friday, February 6th. Cantor Fitzgerald boosted their price target on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Mizuho boosted their price target on shares of Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Citigroup dropped their price target on shares of Microchip Technology from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Bank of America upgraded shares of Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average price target of $86.00.
Read Our Latest Research Report on MCHP
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.
See Also
Receive News & Ratings for Microchip Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microchip Technology and related companies with MarketBeat.com's FREE daily email newsletter.
