Insider Selling: Microchip Technology (NASDAQ:MCHP) COO Sells $487,600.00 in Stock

Microchip Technology Incorporated (NASDAQ:MCHP) COO Richard Simoncic sold 5,000 shares of Microchip Technology stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $97.52, for a total value of $487,600.00. Following the completion of the transaction, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at approximately $12,727,140.16. This represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $87.91 on Thursday. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The stock has a market capitalization of $47.65 billion, a PE ratio of 418.64, a price-to-earnings-growth ratio of 0.96 and a beta of 1.73. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average price is $86.69 and its 200-day moving average price is $75.18.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results 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 analysts’ expectations of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities research analysts expect that Microchip Technology Incorporated will post 2.58 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared 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. This represents a $1.82 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is currently 866.67%.

More Microchip Technology News

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

• Positive Sentiment: Microchip launched the TimePictra 12 platform, a software upgrade that strengthens its position in critical infrastructure timing and synchronization markets. Microchip Announces the TimePictra® 12 Platform to Strengthen Synchronization Management for Critical Infrastructure
• Positive Sentiment: Multiple articles point to Microchip benefiting from a semiconductor rebound and investor enthusiasm around AI and data-center-related chip demand. Western Digital, Microchip Technology, and Seagate Shares Are Soaring, What You Need To Know
• Positive Sentiment: Recent analyst and investor commentary continues to emphasize improving bookings, backlog, and a better book-to-bill trend, supporting the case for a demand recovery. Microchip Technology rises as semiconductor stocks rebound and investors revisit recent data-center growth outlook
• Neutral Sentiment: Microchip is drawing valuation scrutiny after a strong share-price run in 2024 and 2026, so some investors are reassessing whether upside is already priced in. Is It Time To Reassess Microchip Technology (MCHP) After Its Strong 2024 Share Price Run?
• Neutral Sentiment: The company’s upcoming conference presentation is a routine investor-relations event that could add color on demand and guidance, but is not itself a major catalyst. Microchip Technology to Present at the 2026 Mizuho Technology Conference
• Negative Sentiment: COO Richard Simoncic disclosed a sale of 5,000 shares, a modest insider-selling signal that may slightly pressure sentiment. SEC Form 4 filing for Richard J. Simoncic

Analysts Set New Price Targets

Several research analysts have recently weighed in on MCHP shares. Zacks Research upgraded shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lifted their price target on shares of Microchip Technology from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Susquehanna lifted 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. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.52.

Institutional Trading of Microchip Technology

Several institutional investors and hedge funds have recently modified their holdings of MCHP. AQR Capital Management LLC raised its position in shares of Microchip Technology by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 5,835 shares during the period. Geneos Wealth Management Inc. grew its stake in Microchip Technology by 101.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 616 shares in the last quarter. Cresset Asset Management LLC grew its stake in Microchip Technology by 5.4% during the second quarter. Cresset Asset Management LLC now owns 11,433 shares of the semiconductor company’s stock valued at $805,000 after acquiring an additional 589 shares in the last quarter. AXA S.A. grew its stake in Microchip Technology by 21.3% during the second quarter. AXA S.A. now owns 51,552 shares of the semiconductor company’s stock valued at $3,628,000 after acquiring an additional 9,043 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Microchip Technology by 1.6% in the 2nd quarter. Treasurer of the State of North Carolina now owns 246,530 shares of the semiconductor company’s stock valued at $17,348,000 after acquiring an additional 3,851 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

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.