Microchip Technology Incorporated $MCHP Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 22.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,518 shares of the semiconductor company’s stock after selling 68,508 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Microchip Technology were worth $14,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCHP. Mizuho Markets Cayman LP purchased a new position in Microchip Technology during the second quarter worth about $107,584,000. Boston Partners increased its position 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 during the period. Assenagon Asset Management S.A. raised its stake in shares of Microchip Technology by 498.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock worth $130,675,000 after buying an additional 1,694,533 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Microchip Technology by 37.2% in the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock valued at $215,881,000 after buying an additional 911,731 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Microchip Technology in the third quarter valued at approximately $3,698,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology News Summary

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

• Positive Sentiment: Unusually large retail/institutional call-option buying was reported, which can signal bullish speculation or hedging that may support near-term upside. Investors Purchase Large Volume of Call Options on Microchip Technology (NASDAQ:MCHP)
• Positive Sentiment: Multiple analysts raised price targets recently (examples include increases to $84 and $90), reflecting improving views on Microchip’s revenue recovery and growth outlook. These upgrades can lend medium-term support. Microchip Technology (NASDAQ:MCHP) Price Target Raised to $84.00
• Positive Sentiment: Additional price-target increases were reported (another to $90), reinforcing the view among several firms that the business recovery and guidance justify higher valuations. Microchip Technology (NASDAQ:MCHP) Price Target Raised to $90.00
• Neutral Sentiment: Microchip will present at the Wolfe Research Auto, Auto Tech & Semiconductor Conference on Feb. 11 — useful for investor Q&A and could provide clarity on end-market demand and margins but is unlikely to move the stock aggressively by itself. Microchip Technology to Present at the Wolfe Research Auto, Auto Tech and Semiconductor Conference
• Neutral Sentiment: A Zacks deep-dive on Microchip’s international revenue trends outlines shifting geographic mix and how that could alter analyst estimates — helpful context but not an immediate catalyst. International Markets and Microchip Tech (MCHP): A Deep Dive for Investors
• Negative Sentiment: Microchip announced a proposed private offering of $600M in convertible senior notes due 2030 (plus option for $90M). The notes increase leverage and create potential dilution; hedging/capped-call counterparties may buy/sell stock and derivatives around pricing, which can amplify volatility or depress the share price. Management says proceeds will fund capped calls and repay commercial paper, but market reaction is typically negative on incremental convert issuance. Microchip Technology Announces Proposed Private Offering of $600 Million of Convertible Senior Notes
• Negative Sentiment: One major analyst cut or downgraded coverage (triggering a gap down), which can pressure sentiment and prompt short-term selling. Expect heightened volatility while markets digest the convertible offering and analyst views. Microchip Technology (NASDAQ:MCHP) Shares Gap Down After Analyst Downgrade
• Negative Sentiment: Coverage note: one Citigroup item reported a lowered/adjusted target (to $91) amid mixed analyst actions — contributes to the mixed/more cautious analyst backdrop. Citigroup Cuts Microchip Technology (NASDAQ:MCHP) Price Target to $91.00

Microchip Technology Stock Performance

Shares of MCHP opened at $74.41 on Tuesday. Microchip Technology Incorporated has a 12-month low of $34.13 and a 12-month high of $81.43. The stock has a market cap of $40.27 billion, a P/E ratio of -256.59, a PEG ratio of 1.93 and a beta of 1.46. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $70.43 and a two-hundred day moving average of $65.53.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, research analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

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 given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis 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%.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the transaction, 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. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the sale, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 121,615 shares of company stock valued at $9,641,654. Company insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on MCHP. Susquehanna increased their price objective on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Truist Financial increased their price target on shares of Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a report on Friday. Needham & Company LLC raised their price objective on shares of Microchip Technology from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus set a $90.00 price objective on shares of Microchip Technology in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus target price of $86.27.

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.