Foster & Motley Inc. Cuts Stock Holdings in Microchip Technology Incorporated $MCHP

Foster & Motley Inc. lowered its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 43.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,534 shares of the semiconductor company’s stock after selling 8,949 shares during the quarter. Foster & Motley Inc.’s holdings in Microchip Technology were worth $741,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Lecap Asset Management Ltd. boosted its stake in Microchip Technology by 20.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 35,408 shares of the semiconductor company’s stock worth $2,274,000 after purchasing an additional 6,037 shares during the last quarter. Clean Yield Group boosted its position in Microchip Technology by 9.4% during the third quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock worth $121,000 after acquiring an additional 163 shares during the last quarter. HB Wealth Management LLC grew its stake in Microchip Technology by 7.2% during the 3rd quarter. HB Wealth Management LLC now owns 22,560 shares of the semiconductor company’s stock valued at $1,449,000 after acquiring an additional 1,506 shares in the last quarter. Texas Bank & Trust Co grew its stake in Microchip Technology by 2.8% during the 3rd quarter. Texas Bank & Trust Co now owns 21,034 shares of the semiconductor company’s stock valued at $1,351,000 after acquiring an additional 573 shares in the last quarter. Finally, CX Institutional raised its holdings in Microchip Technology by 141.3% in the 3rd quarter. CX Institutional now owns 16,301 shares of the semiconductor company’s stock valued at $1,047,000 after acquiring an additional 9,545 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Microchip Technology News

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

• Positive Sentiment: Mizuho raised its price target on MCHP from $80 to $83 and kept an “outperform” rating, signaling further upside from current levels. Benzinga
• Positive Sentiment: Multiple firms issued bullish notes or upgrades (Needham, Rosenblatt, B. Riley, JPMorgan, Morgan Stanley), contributing to buying momentum and analyst-driven interest. Needham Rosenblatt B. Riley
• Positive Sentiment: Wells Fargo raised its price target for MCHP to $68 (another Wells Fargo note earlier had maintained a Hold). The PT bump helps support the rally alongside other upgrades. Wells Fargo PT Boost
• Positive Sentiment: Microchip raised Q4 sales guidance and shares reacted sharply (reported ~16% intraday lift after the guidance update), indicating improving demand expectations. Yahoo Finance
• Positive Sentiment: Product/partnership news: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — enhances enterprise AI relevance. GlobeNewswire
• Neutral Sentiment: Wells Fargo also had a prior note maintaining a Hold on MCHP; mixed analyst views mean follow-through depends on upcoming results and macro appetite for semiconductors. Globe and Mail
• Negative Sentiment: Market-note on momentum risk: coverage pieces and trading commentary flagged a sharp spike (15%) that could invite a short-term pullback — investors should watch volume, near-term profit-taking and the company’s next earnings/guidance cadence. TipRanks

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is currently owned by insiders.

Microchip Technology Stock Up 2.3%

Shares of NASDAQ:MCHP opened at $75.22 on Friday. The company has a market capitalization of $40.65 billion, a price-to-earnings ratio of -167.16, a PEG ratio of 2.23 and a beta of 1.46. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $77.20. The business has a 50-day moving average price of $61.37 and a 200 day moving average price of $65.17. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping 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 company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm posted $0.46 earnings per share. Microchip Technology’s 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. Sell-side analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is -404.44%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Mizuho upped their price target on Microchip Technology from $80.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial restated a “hold” rating and issued a $60.00 target price (down from $64.00) on shares of Microchip Technology in a report on Friday, November 7th. Stifel Nicolaus set a $80.00 price target on Microchip Technology and gave the stock a “buy” rating in a report on Tuesday. TD Cowen dropped their price objective on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a report on Friday, November 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $80.00 price objective on shares of Microchip Technology in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.62.

Microchip Technology Company 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.