CenterBook Partners LP Cuts Stock Holdings in Microchip Technology Incorporated $MCHP

CenterBook Partners LP decreased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 63.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,777 shares of the semiconductor company’s stock after selling 43,525 shares during the period. CenterBook Partners LP’s holdings in Microchip Technology were worth $1,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiera Capital Corp increased its stake in Microchip Technology by 14.5% in the 4th quarter. Fiera Capital Corp now owns 15,001 shares of the semiconductor company’s stock valued at $956,000 after buying an additional 1,905 shares during the last quarter. ING Groep NV boosted its position in Microchip Technology by 78.2% in the fourth quarter. ING Groep NV now owns 672,706 shares of the semiconductor company’s stock worth $42,865,000 after purchasing an additional 295,156 shares during the last quarter. Telemark Asset Management LLC boosted its position in Microchip Technology by 16.7% in the fourth quarter. Telemark Asset Management LLC now owns 350,000 shares of the semiconductor company’s stock worth $22,302,000 after purchasing an additional 50,000 shares during the last quarter. 111 Capital boosted its position in Microchip Technology by 50.8% in the fourth quarter. 111 Capital now owns 8,358 shares of the semiconductor company’s stock worth $533,000 after purchasing an additional 2,814 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in Microchip Technology by 25.8% in the fourth quarter. MCF Advisors LLC now owns 659 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology News Roundup

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

• Positive Sentiment: Microchip is drawing bullish attention from analysts and market commentary that highlight AI data-center wins, improving bookings/backlog, and growth in data-center solutions revenue. Microchip or Fabrinet: Which Tech Stock Is a Better Buy Now?
• Positive Sentiment: The company announced TimePictra 12, a new synchronization-management platform for critical infrastructure, reinforcing its product pipeline and systems-software growth story. Microchip Announces the TimePictra 12 Platform to Strengthen Synchronization Management for Critical Infrastructure
• Positive Sentiment: Shares are also benefiting from a broader rebound in semiconductor stocks after a recent sector selloff, which has lifted sentiment across chip names. Western Digital, Microchip Technology, and Seagate Shares Are Soaring, What You Need To Know
• Neutral Sentiment: Microchip will present at the 2026 Mizuho Technology Conference, which could offer fresh guidance or commentary but is currently a routine investor-relations event. Microchip Technology to Present at the 2026 Mizuho Technology Conference
• Negative Sentiment: COO Richard J. Simoncic disclosed a sale of 5,000 shares, a modest insider-selling signal that may slightly weigh on investor sentiment. SEC Form 4 filing for Richard J. Simoncic

Insider Activity

In other news, CEO Steve Sanghi sold 76,469 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the transaction, the chief executive officer directly owned 9,385,834 shares in the company, valued at $878,326,345.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the transaction, the chief operating officer owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 553,302 shares of company stock valued at $49,673,635. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MCHP shares. UBS Group reissued a “buy” rating on shares of Microchip Technology in a research report on Tuesday, June 2nd. Rosenblatt Securities raised their price objective on shares of Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Truist Financial raised their price objective on shares of Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Needham & Company LLC raised their price objective on shares of Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $97.52.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $91.47 on Wednesday. The stock has a market capitalization of $49.58 billion, a P/E ratio of 435.59, a PEG ratio of 0.96 and a beta of 1.73. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $86.13 and its 200 day moving average is $74.90.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts anticipate that Microchip Technology Incorporated will post 2.58 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology’s dividend payout ratio is presently 866.67%.

Microchip Technology Profile

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.