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

Oppenheimer Asset Management Inc. decreased its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 22.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & 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 SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sagespring Wealth Partners LLC increased its position in shares of Microchip Technology by 2.7% during the second quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 154 shares in the last quarter. Florida Trust Wealth Management Co grew its holdings in shares of Microchip Technology by 3.3% during the third quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock worth $314,000 after buying an additional 157 shares in the last quarter. Clean Yield Group grew its holdings in shares of 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 buying an additional 163 shares in the last quarter. Slagle Financial LLC raised its position in shares of Microchip Technology by 0.3% in the third quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company’s stock valued at $4,141,000 after buying an additional 168 shares during the last quarter. Finally, Global Trust Asset Management LLC lifted its stake 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 worth $466,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MCHP shares. 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 research note on Friday, November 7th. KeyCorp restated an “overweight” rating and issued a $85.00 price target on shares of Microchip Technology in a research report on Friday. BNP Paribas Exane upgraded Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Thursday, January 22nd. Wolfe Research set a $85.00 target price on Microchip Technology in a report on Tuesday, January 6th. Finally, Zacks Research raised Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.27.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction dated 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 $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 121,615 shares of company stock valued at $9,641,654 over the last ninety days. Insiders own 1.94% of the company’s stock.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $74.41 on Tuesday. Microchip Technology Incorporated has a 52 week low of $34.13 and a 52 week high of $81.43. The stock’s fifty day moving average is $70.43 and its two-hundred day moving average is $65.53. The company has a market capitalization of $40.27 billion, a P/E ratio of -256.59, a P/E/G 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 quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

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

Key Microchip Technology News

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 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.