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

Microchip Technology Incorporated (NASDAQ:MCHP) CEO Steve Sanghi sold 18,509 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 10,021,133 shares of the company’s stock, valued at $793,673,733.60. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $74.79 on Tuesday. Microchip Technology Incorporated has a 12 month low of $34.13 and a 12 month high of $79.50. The company’s fifty day simple moving average is $65.30 and its 200-day simple moving average is $65.25. The firm has a market cap of $40.42 billion, a PE ratio of -166.20, a P/E/G ratio of 2.21 and a beta of 1.46. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates 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 revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities research analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MCHP. Sagespring Wealth Partners LLC grew its position in shares of Microchip Technology by 2.7% in the second quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 154 shares during the last quarter. Florida Trust Wealth Management Co boosted its stake in Microchip Technology by 3.3% in the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 157 shares during the period. Bouchey Financial Group Ltd boosted its stake in Microchip Technology by 4.4% in the 4th quarter. Bouchey Financial Group Ltd now owns 3,771 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 159 shares during the period. Clean Yield Group grew its holdings in Microchip Technology by 9.4% in the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 163 shares in the last quarter. Finally, Mechanics Financial Corp increased its position in Microchip Technology by 3.4% during the 2nd quarter. Mechanics Financial Corp now owns 5,014 shares of the semiconductor company’s stock worth $353,000 after buying an additional 167 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MCHP shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research note on Thursday. TD Cowen decreased their price objective on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, November 7th. UBS Group upped their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus set a $80.00 target price on shares of Microchip Technology and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Truist Financial reissued a “hold” rating and set a $60.00 price target (down previously from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. Two research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.27.

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.