Microchip Technology Incorporated $MCHP Shares Acquired by CIBC Private Wealth Group LLC

Key Points

• CIBC Private Wealth Group increased its stake in Microchip by 18.2% during Q3 to 1,470,059 shares (about $94.4M), representing roughly 0.27% of the company.
• Several large institutions (Vanguard, State Street, Invesco, Boston Partners, Victory Capital) also boosted holdings, leaving 91.51% of the stock owned by institutional investors and a market cap of $35.02 billion.
• Microchip posted a slight earnings beat (EPS $0.44 vs. $0.43) with revenue up 15.6% YoY, set Q4 FY2026 guidance of $0.480–0.520 EPS, and pays a quarterly dividend of $0.455 (annualized yield ~2.8%).

CIBC Private Wealth Group LLC increased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 18.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,470,059 shares of the semiconductor company's stock after acquiring an additional 226,078 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.27% of Microchip Technology worth $94,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Microchip Technology by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company's stock valued at $4,628,692,000 after purchasing an additional 1,507,554 shares in the last quarter. State Street Corp grew its stake in shares of Microchip Technology by 8.5% in the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company's stock worth $2,244,016,000 after purchasing an additional 2,489,258 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Microchip Technology by 10.4% in the 2nd quarter. Invesco Ltd. now owns 18,452,546 shares of the semiconductor company's stock worth $1,298,506,000 after purchasing an additional 1,745,515 shares in the last quarter. Boston Partners raised its holdings in shares of Microchip Technology by 9.5% in the 3rd quarter. Boston Partners now owns 16,234,332 shares of the semiconductor company's stock worth $1,044,024,000 after purchasing an additional 1,406,885 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Microchip Technology by 11.3% during the third quarter. Victory Capital Management Inc. now owns 12,006,088 shares of the semiconductor company's stock valued at $806,821,000 after purchasing an additional 1,215,939 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Stock Up 0.2%

Shares of Microchip Technology stock opened at $64.71 on Thursday. The stock has a 50-day moving average price of $73.75 and a 200 day moving average price of $66.58. The company has a market cap of $35.02 billion, a P/E ratio of -223.14, a P/E/G ratio of 1.63 and a beta of 1.45. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.82. Microchip Technology Incorporated has a 1 year low of $34.13 and a 1 year 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 for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.19 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, analysts expect that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.8%. Microchip Technology's payout ratio is presently -627.59%.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the company's stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total value of $7,959,467.70. Following the transaction, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. B. Riley Financial raised their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, January 12th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Microchip Technology in a report on Wednesday, February 4th. Susquehanna raised their price objective on Microchip Technology from $75.00 to $90.00 and gave the stock a "positive" rating in a research note on Thursday, January 22nd. Cantor Fitzgerald lifted their target price on Microchip Technology from $85.00 to $100.00 and gave the stock an "overweight" rating in a report on Monday, February 2nd. Finally, Piper Sandler boosted their target price on Microchip Technology from $80.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.00.

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.

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