Barclays PLC Trims Stock Position in Microchip Technology Incorporated $MCHP

Key Points

• Barclays PLC trimmed its stake in Microchip by 7.4% in Q3, selling 668,433 shares and finishing with 8,406,673 shares (~1.56% of the company) valued at about $539.9 million; institutional investors own roughly 91.5% of the stock.
• Microchip beat quarterly expectations, reporting EPS of $0.44 versus $0.43 expected and revenue of $1.19 billion (up 15.6% year-over-year), and set Q4 fiscal 2026 guidance of $0.480–$0.520 EPS.
• Insider and analyst activity: CEO Steve Sanghi sold 98,814 shares for about $7.96 million, trimming his stake ~0.99%, while analysts maintain a consensus "Moderate Buy" rating with an average price target of $86.00.

Barclays PLC cut its holdings in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 7.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,406,673 shares of the semiconductor company's stock after selling 668,433 shares during the period. Barclays PLC owned about 1.56% of Microchip Technology worth $539,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCHP. Winnow Wealth LLC acquired a new position in shares of Microchip Technology in the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Microchip Technology during the third quarter valued at approximately $28,000. Salomon & Ludwin LLC lifted its holdings in Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC purchased a new stake in Microchip Technology in the 3rd quarter worth approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 267 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Steve Sanghi sold 98,814 shares of the business'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 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 document filed with the SEC, which is available at this hyperlink. 1.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MCHP has been the subject of several analyst reports. UBS Group boosted their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Truist Financial upped their price objective on shares of Microchip Technology from $60.00 to $68.00 and gave the stock a "hold" rating in a research report on Friday, February 6th. Wolfe Research set a $85.00 target price on shares of Microchip Technology in a research note on Tuesday, January 6th. TD Cowen cut their price target on Microchip Technology from $65.00 to $60.00 and set a "hold" rating for the company in a research note on Friday, November 7th. Finally, Stifel Nicolaus set a $90.00 price target on Microchip Technology in a report on Friday, February 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Microchip Technology presently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Microchip Technology Trading Down 3.0%

Shares of MCHP stock opened at $67.81 on Friday. The stock's fifty day moving average is $74.23 and its two-hundred day moving average is $66.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The firm has a market capitalization of $36.69 billion, a P/E ratio of -233.83, a PEG ratio of 1.76 and a beta of 1.45. Microchip Technology Incorporated has a fifty-two week low of $34.13 and a fifty-two week high of $83.35.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its earnings results 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Research analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology's dividend payout ratio (DPR) is -627.59%.

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.

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