Resona Asset Management Co. Ltd. Reduces Position in Microchip Technology Incorporated $MCHP

Resona Asset Management Co. Ltd. decreased its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 160,484 shares of the semiconductor company’s stock after selling 8,906 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Microchip Technology were worth $10,252,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Profund Advisors LLC increased its position in Microchip Technology by 5.9% during the fourth quarter. Profund Advisors LLC now owns 79,376 shares of the semiconductor company’s stock worth $5,058,000 after buying an additional 4,403 shares in the last quarter. ProShare Advisors LLC increased its position in Microchip Technology by 35.8% during the fourth quarter. ProShare Advisors LLC now owns 1,147,669 shares of the semiconductor company’s stock worth $73,129,000 after buying an additional 302,593 shares in the last quarter. Intrua Financial LLC increased its position in Microchip Technology by 4.6% during the fourth quarter. Intrua Financial LLC now owns 3,669 shares of the semiconductor company’s stock worth $234,000 after buying an additional 161 shares in the last quarter. North Dakota State Investment Board purchased a new position in Microchip Technology during the fourth quarter worth $1,153,000. Finally, Soltis Investment Advisors LLC increased its position in Microchip Technology by 0.7% during the fourth quarter. Soltis Investment Advisors LLC now owns 22,469 shares of the semiconductor company’s stock worth $1,432,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 416,581 shares of Microchip Technology stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total value of $36,879,915.93. Following the transaction, the chief executive officer owned 9,495,805 shares in the company, valued at approximately $840,663,616.65. This trade represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 526,635 shares of company stock valued at $47,138,254 in the last 90 days. 1.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MCHP shares. Weiss Ratings downgraded Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barclays lifted their price objective on Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Mizuho lifted their price objective on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $125.00 price objective on shares of Microchip Technology in a research report on Wednesday, May 13th. Four investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.52.

Microchip Technology Price Performance

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 P/E/G ratio of 0.97 and a beta of 1.75. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. Microchip Technology Incorporated has a 52 week low of $48.52 and a 52 week high of $105.91. The business has a fifty day simple moving average of $77.74 and a 200-day simple moving average of $71.18.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business 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%.The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Dividend Announcement

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

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

About Microchip Technology

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.