Envestnet Asset Management Inc. Reduces Stake in Microchip Technology Incorporated $MCHP

Envestnet Asset Management Inc. cut its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,243,270 shares of the semiconductor company’s stock after selling 52,745 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Microchip Technology were worth $79,843,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Sagespring Wealth Partners LLC raised its stake in shares of Microchip Technology by 2.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock worth $407,000 after buying an additional 154 shares during the last quarter. Florida Trust Wealth Management Co increased its holdings in Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 157 shares in the last quarter. Clean Yield Group raised 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. Global Trust Asset Management LLC lifted its holdings in shares of Microchip Technology by 2.4% in the third quarter. Global Trust Asset Management LLC now owns 7,263 shares of the semiconductor company’s stock valued at $466,000 after purchasing an additional 169 shares in the last quarter. Finally, Bollard Group LLC grew its position in shares of Microchip Technology by 5.8% in the second quarter. Bollard Group LLC now owns 3,178 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 121,615 shares of company stock valued at $9,641,654 in the last quarter. Company insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MCHP shares. Truist Financial lifted their price objective on Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a research report on Friday. Susquehanna boosted their price target on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Needham & Company LLC upped their price objective on Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. Rosenblatt Securities lifted their price objective on Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Finally, KeyCorp reissued an “overweight” rating and issued a $85.00 target price on shares of Microchip Technology in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.27.

Microchip Technology Stock Down 2.6%

Shares of MCHP opened at $76.01 on Monday. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $81.43. The company’s fifty day moving average is $70.01 and its two-hundred day moving average is $65.49. The firm has a market cap of $41.08 billion, a PE ratio of -262.10, a price-to-earnings-growth ratio of 1.93 and a beta of 1.46. 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 (NASDAQ:MCHP) last issued its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $0.20 EPS. The business’s quarterly revenue was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology’s payout ratio is currently -627.59%.

Key Stories Impacting Microchip Technology

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

• Positive Sentiment: Multiple broker upgrades and higher price targets — notable raises include JPMorgan to $95 (overweight), Mizuho to $90 (outperform), Rosenblatt to $115 (buy), and Needham to $84 — these lifts signal fresh upside expectations. Benzinga
• Positive Sentiment: Q3 results: MCHP beat EPS (reported $0.44 vs. $0.43 consensus), revenue up ~15.6% YoY, and management raised Q4 EPS guidance to $0.480–$0.520 (above consensus) — a constructive operational recovery and improving margins. Earnings Report
• Positive Sentiment: Strategic and cash returns: company announced a $0.455 quarterly dividend (yield ~2.4%) and a collaboration with Hyundai on single‑pair Ethernet for automotive connectivity — supports long‑term TAM in automotive/industrial markets. Dividend Hyundai Collaboration
• Positive Sentiment: Unusual options activity: extremely large call buying (≈87,550 calls, ~1,038% above average) — signals speculative/positioning interest that can amplify upside moves if catalysts continue.
• Neutral Sentiment: Citigroup trimmed its target slightly (from $92 to $91) but kept a Buy rating — a modest adjustment that leaves upside intact but is not a strong directional signal. Benzinga
• Negative Sentiment: Macro/supply headwind: Reuters reports Microchip forecasted Q4 profit below some estimates and flagged memory‑supply issues — this created investor caution despite the beat. Reuters
• Negative Sentiment: Some analysts remain conservative or cut targets — Wells Fargo (raised PT to $70 but rated equal weight), Truist to $68 (hold), and TD Cowen lowered target to $70 — these calls imply limited near‑term upside and help explain selling pressure. TickerReport/Wells Fargo Benzinga TipRanks/TD Cowen
• Negative Sentiment: Market reaction: several headlines note shares fell after the quarter despite the beat — suggests investors focused on supply commentary and cautious forward earnings phrasing. Zacks

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.