Steve Sanghi Sells 18,509 Shares of Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology Incorporated (NASDAQ:MCHP) CEO Steve Sanghi sold 18,509 shares of the company’s stock in a transaction 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 owned 10,021,133 shares of the company’s stock, valued at approximately $793,673,733.60. The trade was a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Microchip Technology Stock Up 0.5%

Microchip Technology stock opened at $75.16 on Wednesday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $79.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The firm’s 50-day simple moving average is $65.78 and its 200 day simple moving average is $65.26. The stock has a market cap of $40.62 billion, a PE ratio of -167.02, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI bought a new position in Microchip Technology in the 2nd quarter valued at $280,000. Mizuho Markets Cayman LP bought a new position in Microchip Technology during the second quarter worth about $107,584,000. Boston Partners increased its holdings in Microchip Technology by 38.0% during the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock worth $1,040,114,000 after purchasing an additional 4,076,112 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Microchip Technology by 498.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock valued at $130,675,000 after purchasing an additional 1,694,533 shares during the period. Finally, Voya Investment Management LLC grew its holdings in shares of Microchip Technology by 37.2% during the third quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock worth $215,881,000 after buying an additional 911,731 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on MCHP shares. Cantor Fitzgerald upgraded shares of Microchip Technology from a “neutral” rating to an “overweight” rating and increased their price target for the company from $65.00 to $85.00 in a research report on Tuesday, December 16th. Wolfe Research set a $85.00 target price on shares of Microchip Technology in a research report on Tuesday, January 6th. Exane BNP Paribas raised shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. KeyCorp reiterated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Finally, Bank of America raised their target price on Microchip Technology from $72.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus 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 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.