Peapack Gladstone Financial Corp Boosts Stake in Microchip Technology Incorporated $MCHP

Peapack Gladstone Financial Corp raised its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 29.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 79,877 shares of the semiconductor company’s stock after purchasing an additional 18,259 shares during the period. Peapack Gladstone Financial Corp’s holdings in Microchip Technology were worth $5,090,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC increased its stake in shares of Microchip Technology by 23.7% during the 4th quarter. Millstone Evans Group LLC now owns 742 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 142 shares during the last quarter. Verdence Capital Advisors LLC increased 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 purchasing an additional 150 shares during the last quarter. Soltis Investment Advisors LLC increased its stake in shares of Microchip Technology by 0.7% during the 4th quarter. Soltis Investment Advisors LLC now owns 22,469 shares of the semiconductor company’s stock worth $1,432,000 after purchasing an additional 155 shares during the last quarter. Bouchey Financial Group Ltd increased 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 purchasing an additional 159 shares during the last quarter. Finally, Intrua Financial LLC increased its stake in shares of Microchip Technology by 4.6% during the 4th quarter. Intrua Financial LLC now owns 3,669 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $95.48, for a total value of $954,800.00. Following the completion of the transaction, the director directly owned 20,665 shares of the company’s stock, valued at $1,973,094.20. This trade represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Richard J. Simoncic sold 5,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $93.44, for a total transaction of $467,200.00. Following the completion of the transaction, the chief operating officer directly owned 135,508 shares of the company’s stock, valued at approximately $12,661,867.52. The trade was a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 548,302 shares of company stock valued at $49,186,035 in the last quarter. 1.94% of the stock is currently owned by company insiders.

Microchip Technology Stock Up 5.9%

Shares of NASDAQ:MCHP opened at $96.96 on Wednesday. The firm has a fifty day moving average price of $82.60 and a two-hundred day moving average price of $73.19. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91. The company has a market cap of $52.56 billion, a price-to-earnings ratio of 461.74, a PEG ratio of 0.96 and a beta of 1.73.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Analysts anticipate that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently 866.67%.

Wall Street Analyst Weigh In

MCHP has been the subject of several research analyst reports. Susquehanna raised their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Citigroup raised their price target on shares of Microchip Technology from $91.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Mizuho raised their price target on shares of Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Truist Financial raised their price target on shares of Microchip Technology from $69.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company raised their price target on shares of Microchip Technology from $75.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and a consensus target price of $97.52.

More Microchip Technology News

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

• Positive Sentiment: Microchip said its data center solutions revenue reached $302.7 million in 2025 and is projected to rise about 65% in 2026 to around $500 million, reinforcing a strong growth story in AI and data center infrastructure. Microchip Provides Data Center Solutions Business Unit Revenue Information
• Positive Sentiment: The company launched XpressConnect PCIe 6.0 and CXL 3.1 retimers, which could strengthen its product lineup for AI data centers by improving latency, signal integrity and scalability. XpressConnect PCIe 6.0 and CXL 3.1 Retimers Address Latency and Signal-Integrity Challenges in AI Data Centers
• Positive Sentiment: Microchip will present at the 2026 Evercore Global TMT Conference, giving management another near-term venue to highlight the company’s growth outlook and data center momentum. Microchip Technology to Present at the 2026 Evercore Global TMT Conference
• Neutral Sentiment: The company also announced a board appointment for former executive Mitch Little, a governance update that is unlikely to move the stock on its own. Microchip Technology Appoints Mitch Little to Its Board of Directors
• Neutral Sentiment: Analyst and momentum coverage has remained constructive, with MCHP highlighted as a June momentum name and multiple firms maintaining bullish ratings, supporting the broader upbeat sentiment. 5 Momentum Stocks to Buy for June After an Impressive Rally in May

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.