ProShare Advisors LLC Lowers Stock Position in Microchip Technology Incorporated $MCHP

ProShare Advisors LLC cut its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 19.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 845,076 shares of the semiconductor company’s stock after selling 203,341 shares during the quarter. ProShare Advisors LLC’s holdings in Microchip Technology were worth $54,271,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Microchip Technology in the second quarter valued at approximately $473,320,000. Dodge & Cox grew its stake in Microchip Technology by 958.4% in the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after purchasing an additional 5,740,827 shares during the period. Boston Partners raised its stake in shares of Microchip Technology by 38.2% during the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after purchasing an additional 4,101,034 shares during the period. State Street Corp boosted its holdings in shares of Microchip Technology by 8.5% in the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after buying an additional 2,489,258 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Microchip Technology by 582.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,154,164 shares of the semiconductor company’s stock worth $151,589,000 after buying an additional 1,838,300 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Trading Down 2.1%

Shares of MCHP opened at $74.41 on Tuesday. Microchip Technology Incorporated has a twelve month low of $34.13 and a twelve month high of $81.43. The stock has a market cap of $40.27 billion, a PE ratio of -256.59, a P/E/G ratio of 1.93 and a beta of 1.46. 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 $70.43 and its 200-day moving average price is $65.53.

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

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is -627.59%.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 98,814 shares of the business’s 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 transaction, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 121,615 shares of company stock valued at $9,641,654 in the last three months. 1.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on MCHP. Morgan Stanley lifted their price objective on shares of Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Truist Financial upped their price objective on Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Friday. Weiss Ratings raised Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Wells Fargo & Company boosted their target price on Microchip Technology from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Cantor Fitzgerald increased their price target on Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.27.

Key Headlines Impacting Microchip Technology

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

• Positive Sentiment: Unusually large retail/institutional call-option buying was reported, which can signal bullish speculation or hedging that may support near-term upside. Investors Purchase Large Volume of Call Options on Microchip Technology (NASDAQ:MCHP)
• Positive Sentiment: Multiple analysts raised price targets recently (examples include increases to $84 and $90), reflecting improving views on Microchip’s revenue recovery and growth outlook. These upgrades can lend medium-term support. Microchip Technology (NASDAQ:MCHP) Price Target Raised to $84.00
• Positive Sentiment: Additional price-target increases were reported (another to $90), reinforcing the view among several firms that the business recovery and guidance justify higher valuations. Microchip Technology (NASDAQ:MCHP) Price Target Raised to $90.00
• Neutral Sentiment: Microchip will present at the Wolfe Research Auto, Auto Tech & Semiconductor Conference on Feb. 11 — useful for investor Q&A and could provide clarity on end-market demand and margins but is unlikely to move the stock aggressively by itself. Microchip Technology to Present at the Wolfe Research Auto, Auto Tech and Semiconductor Conference
• Neutral Sentiment: A Zacks deep-dive on Microchip’s international revenue trends outlines shifting geographic mix and how that could alter analyst estimates — helpful context but not an immediate catalyst. International Markets and Microchip Tech (MCHP): A Deep Dive for Investors
• Negative Sentiment: Microchip announced a proposed private offering of $600M in convertible senior notes due 2030 (plus option for $90M). The notes increase leverage and create potential dilution; hedging/capped-call counterparties may buy/sell stock and derivatives around pricing, which can amplify volatility or depress the share price. Management says proceeds will fund capped calls and repay commercial paper, but market reaction is typically negative on incremental convert issuance. Microchip Technology Announces Proposed Private Offering of $600 Million of Convertible Senior Notes
• Negative Sentiment: One major analyst cut or downgraded coverage (triggering a gap down), which can pressure sentiment and prompt short-term selling. Expect heightened volatility while markets digest the convertible offering and analyst views. Microchip Technology (NASDAQ:MCHP) Shares Gap Down After Analyst Downgrade
• Negative Sentiment: Coverage note: one Citigroup item reported a lowered/adjusted target (to $91) amid mixed analyst actions — contributes to the mixed/more cautious analyst backdrop. Citigroup Cuts Microchip Technology (NASDAQ:MCHP) Price Target to $91.00

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.