Truist Financial Corp Trims Position in Microchip Technology Incorporated $MCHP

Truist Financial Corp trimmed its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 19.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,969 shares of the semiconductor company’s stock after selling 44,939 shares during the quarter. Truist Financial Corp’s holdings in Microchip Technology were worth $12,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MCHP. Parsons Capital Management Inc. RI acquired a new stake in Microchip Technology in the 2nd quarter valued at about $280,000. Mizuho Markets Cayman LP acquired a new position in shares of Microchip Technology in the second quarter valued at approximately $107,584,000. Boston Partners raised its holdings in Microchip Technology by 38.0% in the 2nd quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after acquiring an additional 4,076,112 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Microchip Technology by 498.0% in the third 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 last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Microchip Technology by 37.2% during the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock worth $215,881,000 after acquiring an additional 911,731 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCHP. Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Wednesday. Exane BNP Paribas raised shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Needham & Company LLC raised their price target on shares of Microchip Technology from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Truist Financial reiterated a “hold” rating and issued a $60.00 price target (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $82.05.

Insider Activity at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value 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 represents a 12.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 121,615 shares of company stock worth $9,641,654 in the last ninety days. Corporate insiders own 1.94% of the company’s stock.

Microchip Technology Stock Down 4.3%

Shares of Microchip Technology stock opened at $75.92 on Friday. Microchip Technology Incorporated has a 1-year low of $34.13 and a 1-year high of $81.43. The business’s fifty day moving average price is $67.48 and its two-hundred day moving average price is $65.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The company has a market capitalization of $41.03 billion, a P/E ratio of -168.71, a PEG ratio of 2.03 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts forecast that Microchip Technology Incorporated will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s payout ratio is presently -404.44%.

Key Stories Impacting Microchip Technology

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

• Positive Sentiment: Bank of America upgraded MCHP to a “Buy” with a $95 target, providing a clear near‑term upside signal and helping fuel bullish sentiment and flows. Bank of America Upgrades Microchip Technology (NASDAQ:MCHP) to “Buy”
• Positive Sentiment: Zacks moved Microchip toward a stronger rating and flagged the company as having the setup for an earnings beat — a potential catalyst if upcoming results and guidance beat expectations. Microchip Technology (MCHP) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Microchip launched the PIC32CM PL10 Arm Cortex‑M0+ MCU family, expanding its embedded/IoT product roadmap — a commercial/product catalyst that supports medium‑term revenue growth expectations. PIC32CM PL10 MCUs Expand Microchip’s Arm® Cortex®-M0+ Portfolio
• Neutral Sentiment: Market write‑ups and note pieces (AAII, Yahoo, Barchart) explain the recent ~6% rally and discuss valuation — useful context for investors but not a direct catalyst. Why Microchip Technology Incorporated’s (MCHP) Stock Is Up 6.33%
• Neutral Sentiment: Analyst coverage remains constructive (consensus “Moderate Buy”); many upgrades are already reflected in recent price gains, which tempers how much more they can move the stock immediately. Microchip Technology Incorporated (NASDAQ:MCHP) Receives Average Rating of “Moderate Buy” from Analysts
• Negative Sentiment: CEO Steve Sanghi sold 98,814 shares (~$8.0M) on Jan. 28, trimming his stake ~0.99%; insider selling often triggers short‑term concern and can weigh on the stock while investors digest the reason for the sale. SEC Form 4: Steve Sanghi Sale

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.