Microchip Technology Incorporated $MCHP Stock Holdings Cut by US Bancorp DE

Key Points

• US Bancorp DE cut its stake in Microchip by 7.1% in Q4, selling 28,812 shares and now holds 377,663 shares (about $24.07M); institutional investors own roughly 91.5% of the stock.
• CEO Steve Sanghi sold 416,581 shares on April 23 under a Rule 10b5‑1 plan for roughly $36.88M, reducing his ownership by about 4.2%.
• Quarterly results beat estimates with EPS of $0.44 vs. $0.43 and revenue of $1.19B (up 15.6% YoY), and the company set Q4 2026 EPS guidance of $0.480–0.520.

US Bancorp DE reduced its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 377,663 shares of the semiconductor company's stock after selling 28,812 shares during the quarter. US Bancorp DE owned about 0.07% of Microchip Technology worth $24,065,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Verdence Capital Advisors LLC boosted its stake in shares of Microchip Technology by 2.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,120 shares of the semiconductor company's stock worth $454,000 after acquiring an additional 150 shares in the last quarter. Florida Trust Wealth Management Co boosted its stake in shares of Microchip Technology by 3.3% during the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company's stock worth $314,000 after acquiring an additional 157 shares in the last quarter. Bouchey Financial Group Ltd boosted its stake in shares of Microchip Technology by 4.4% during the 4th quarter. Bouchey Financial Group Ltd now owns 3,771 shares of the semiconductor company's stock worth $240,000 after acquiring an additional 159 shares in the last quarter. Clean Yield Group boosted its stake in shares of Microchip Technology by 9.4% during the 3rd quarter. Clean Yield Group now owns 1,890 shares of the semiconductor company's stock worth $121,000 after acquiring an additional 163 shares in the last quarter. Finally, Slagle Financial LLC boosted its stake in shares of Microchip Technology by 0.3% during the 3rd quarter. Slagle Financial LLC now owns 64,485 shares of the semiconductor company's stock worth $4,141,000 after acquiring an additional 168 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Price Performance

MCHP opened at $93.95 on Friday. The stock has a fifty day moving average of $71.81 and a 200-day moving average of $68.39. The firm has a market capitalization of $50.84 billion, a P/E ratio of -323.97, a PEG ratio of 1.24 and a beta of 1.74. Microchip Technology Incorporated has a 12-month low of $46.68 and a 12-month high of $94.56. 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 - 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, beating analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities analysts forecast that Microchip Technology Incorporated will post 1.16 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, February 23rd. Microchip Technology's dividend payout ratio (DPR) is currently -627.59%.

Insider Activity

In related news, CEO Steve Sanghi sold 416,581 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the completion of the sale, the chief executive officer directly owned 9,495,805 shares in the company, valued at approximately $840,663,616.65. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Argus raised Microchip Technology to a "strong-buy" rating in a research note on Monday, February 9th. 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. Needham & Company LLC raised their price objective on Microchip Technology from $77.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Rosenblatt Securities raised their price objective on Microchip Technology from $80.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Microchip Technology in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.00.

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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