Handelsbanken Fonder AB Sells 73,609 Shares of Microchip Technology Incorporated $MCHP

Handelsbanken Fonder AB cut its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 22.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 251,708 shares of the semiconductor company’s stock after selling 73,609 shares during the quarter. Handelsbanken Fonder AB’s holdings in Microchip Technology were worth $16,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Winnow Wealth LLC bought a new stake in Microchip Technology in the third quarter worth $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology in the third quarter worth $28,000. GoalVest Advisory LLC boosted its holdings in Microchip Technology by 174.0% in the fourth quarter. GoalVest Advisory LLC now owns 548 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 348 shares in the last quarter. Board of the Pension Protection Fund bought a new stake in Microchip Technology in the fourth quarter worth $38,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Microchip Technology in the fourth quarter worth $38,000. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MCHP shares. BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, January 22nd. Weiss Ratings downgraded Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Argus raised Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Jefferies Financial Group reissued a “hold” rating on shares of Microchip Technology in a report on Wednesday, February 4th. Finally, Mizuho boosted their target price on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Four analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $97.52.

Microchip Technology Trading Up 2.4%

Shares of NASDAQ:MCHP opened at $94.02 on Thursday. The company has a market cap of $50.88 billion, a P/E ratio of 447.74, a PEG ratio of 0.97 and a beta of 1.75. 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 1 year low of $48.52 and a 1 year high of $105.91. The stock’s fifty day moving average price is $77.74 and its 200-day moving average price is $71.18.

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

Microchip Technology Announces Dividend

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

Insider Activity

In other news, CEO Steve Sanghi sold 416,581 shares of the company’s 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 transaction, the chief executive officer directly owned 9,495,805 shares of the company’s stock, valued at $840,663,616.65. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 526,635 shares of company stock worth $47,138,254 over the last 90 days. Corporate insiders own 1.94% of the company’s stock.

More Microchip Technology News

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

• Positive Sentiment: Analysts have turned more constructive on Microchip Technology, with Barclays raising its price target to $105 from $80 while keeping an Equal Weight rating, and other Wall Street coverage pointing to roughly 26% implied upside. Here’s What the Street Thinks About Microchip Technology Incorporated (MCHP)
• Positive Sentiment: Earnings estimate revisions have been trending higher, which investors often read as a sign that near-term sentiment and fundamentals are improving for MCHP. Earnings Estimates Rising for Microchip Tech (MCHP): Will It Gain?
• Positive Sentiment: Microchip’s presentation at the J.P. Morgan 2026 Global Technology, Media and Communications Conference keeps the company in front of investors and may help reinforce the upbeat narrative around management execution and guidance. Microchip Technology to Present at the JP Morgan 2026 Global Technology, Media and Communications Conference
• Neutral Sentiment: The company’s CFO and investor relations team also participated in the conference, but no major new financial update was included in the announcement. Microchip Technology Incorporated (MCHP) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: Microchip and other chip stocks were hit earlier after the U.S.-China summit ended without clear progress on semiconductor sales to China, highlighting ongoing geopolitical risk for the sector. Teradyne, Kulicke and Soffa, Impinj, Microchip Technology, and IPG Photonics Shares Plummet, What You Need To Know
• Neutral Sentiment: A small insider sale by the COO was disclosed, but the transaction was minimal and does not appear material on its own. Microchip Technology Incorporated insider trade details

Microchip Technology 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.