Peterson Wealth Services Sells 13,768 Shares of Microchip Technology Incorporated $MCHP

Peterson Wealth Services reduced its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by 82.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,857 shares of the semiconductor company’s stock after selling 13,768 shares during the quarter. Peterson Wealth Services’ holdings in Microchip Technology were worth $182,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MCHP. MCF Advisors LLC raised its stake in shares of Microchip Technology by 25.8% during the 4th quarter. MCF Advisors LLC now owns 659 shares of the semiconductor company’s stock worth $42,000 after buying an additional 135 shares during the last quarter. Millstone Evans Group LLC raised 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 buying an additional 142 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of Microchip Technology by 1.6% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 8,973 shares of the semiconductor company’s stock worth $572,000 after buying an additional 143 shares during the last quarter. Verdence Capital Advisors LLC raised 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 buying an additional 150 shares during the last quarter. Finally, Fiduciary Family Office LLC raised its position in shares of Microchip Technology by 4.4% during the 4th quarter. Fiduciary Family Office LLC now owns 3,567 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 151 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Trading Up 5.7%

Shares of MCHP opened at $92.94 on Friday. The stock has a fifty day moving average of $87.26 and a two-hundred day moving average of $75.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09. The company has a market capitalization of $50.38 billion, a PE ratio of 442.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.73. Microchip Technology Incorporated has a fifty-two week low of $48.52 and a fifty-two week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $1.31 billion during 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%.Microchip Technology’s revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, analysts forecast that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.0%. Microchip Technology’s dividend payout ratio is currently 866.67%.

Analyst Upgrades and Downgrades

MCHP has been the subject of several research reports. Cantor Fitzgerald restated an “overweight” rating and set a $125.00 price objective on shares of Microchip Technology in a research report on Wednesday, May 13th. Barclays lifted their price objective on Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. lifted their price objective on Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wells Fargo & Company lifted their price objective on Microchip Technology from $75.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Truist Financial boosted their target price on shares of Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $98.18.

Key Stories Impacting Microchip Technology

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

• Positive Sentiment: Microchip launched its TimePictra 12 platform, adding a new GUI, automation features, and support for advanced timing technology that can scale to 5,000 elements for critical networks. The rollout suggests additional demand in high-value infrastructure and networking markets. Article: Microchip Launches TimePictra 12 Platform: Catalyst for More Growth?
• Positive Sentiment: Microchip’s Nantes facility in France achieved QML Class Y certification, expanding its high-reliability capabilities for aerospace and defense customers. That can support margin-rich business and strengthen its position in mission-critical semiconductor markets. Article: Microchip’s Nantes Facility in France Achieves QML Class Y Certification, Expanding High‑Reliability Capabilities
• Positive Sentiment: Investors also appear encouraged by the company being highlighted in a Zacks investment ideas feature as an AI-linked play, with improving business trends and cooling inflation supporting the broader growth outlook for semiconductor names. Article: Zacks Investment Ideas feature highlights: Microchip Technology and Flex
• Neutral Sentiment: Microchip also announced it will present at the 2026 Mizuho Technology Conference. Conference appearances can help keep investor attention on the stock, but they are usually not a direct operational catalyst. Article: Microchip Technology to Present at the 2026 Mizuho Technology Conference
• Neutral Sentiment: Some commentary suggests the stock’s strong 2024 run has pushed valuation back into focus, so traders may be balancing the recent product and certification wins against concerns that the rally could be getting ahead of fundamentals. Article: Is It Time To Reassess Microchip Technology (MCHP) After Its Strong 2024 Share Price Run?

Insider Activity at Microchip Technology

In other news, CEO Steve Sanghi sold 416,581 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the completion of the transaction, the chief executive officer owned 9,495,805 shares of the company’s stock, valued at $840,663,616.65. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO James Eric Bjornholt sold 3,667 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $90.87, for a total transaction of $333,220.29. Following the transaction, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at approximately $2,596,428.51. This represents a 11.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 553,302 shares of company stock worth $49,673,635. 1.94% of the stock is owned by insiders.

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.