Talos Eurisko Asset Management LP Sells 87,400 Shares of Microchip Technology Incorporated $MCHP

Key Points

• Talos Eurisko Asset Management LP trimmed its Microchip stake by 23.7% in Q3, selling 87,400 shares and leaving 281,700 shares (about 3.5% of the firm's portfolio) valued at roughly $18.09 million.
• CEO Steve Sanghi sold 98,814 shares on Jan. 28 at an average $80.55 for about $7.96 million, reducing his ownership by 0.99%; insiders now hold 1.94% of Microchip.
• Recent results and payout: Microchip reported $0.44 EPS (beat by $0.01) and $1.19B revenue (up 15.6% YoY), set Q4 2026 guidance of $0.480–$0.520 EPS, and announced a $0.455 quarterly dividend (annualized $1.82, ~2.6% yield).

Talos Eurisko Asset Management LP trimmed its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 23.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 281,700 shares of the semiconductor company's stock after selling 87,400 shares during the period. Microchip Technology accounts for approximately 3.5% of Talos Eurisko Asset Management LP's portfolio, making the stock its 12th largest holding. Talos Eurisko Asset Management LP owned 0.05% of Microchip Technology worth $18,091,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Winnow Wealth LLC purchased a new stake in Microchip Technology in the 3rd quarter worth about $25,000. Root Financial Partners LLC bought a new position in Microchip Technology during the third quarter worth about $28,000. Salomon & Ludwin LLC increased its stake in shares of Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Microchip Technology in the third quarter valued at approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted 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 valued at $33,000 after buying an additional 267 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MCHP shares. Zacks Research cut shares of Microchip Technology from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Piper Sandler boosted their price objective on Microchip Technology from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, January 15th. Barclays initiated coverage on Microchip Technology in a report on Thursday, February 12th. They set an "equal weight" rating and a $80.00 price objective on the stock. Needham & Company LLC lifted their target price on Microchip Technology from $77.00 to $84.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Microchip Technology in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.00.

Insiders Place Their Bets

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology 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 completion of the sale, the chief executive officer owned 9,922,319 shares of the company's stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. 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 insiders.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $69.90 on Thursday. The stock has a market cap of $37.83 billion, a P/E ratio of -241.03, a PEG ratio of 1.80 and a beta of 1.45. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The business's 50-day moving average price is $74.18 and its two-hundred day moving average price is $66.71. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $83.35.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Microchip Technology's revenue was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, equities analysts predict that Microchip Technology Incorporated will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors 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 2.6%. The ex-dividend date of this dividend is Monday, February 23rd. Microchip Technology's dividend payout ratio is currently -627.59%.

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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