Comerica Bank Sells 5,984 Shares of Microchip Technology Incorporated $MCHP

Comerica Bank reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,053 shares of the semiconductor company’s stock after selling 5,984 shares during the quarter. Comerica Bank’s holdings in Microchip Technology were worth $8,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Microchip Technology by 2.1% during the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock valued at $4,628,692,000 after buying an additional 1,507,554 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Microchip Technology by 13.5% in the third quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock worth $13,447,000 after purchasing an additional 24,963 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Microchip Technology by 18.7% in the third quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock worth $79,184,000 after purchasing an additional 194,048 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Microchip Technology by 18.2% in the third quarter. CIBC Private Wealth Group LLC now owns 1,470,059 shares of the semiconductor company’s stock worth $94,407,000 after purchasing an additional 226,078 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Microchip Technology by 223.4% in the third quarter. Cibc World Market Inc. now owns 140,902 shares of the semiconductor company’s stock worth $9,049,000 after purchasing an additional 97,333 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Trending Headlines about Microchip Technology

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

• Positive Sentiment: AI demand is driving renewed interest in analog and mixed-signal chips, a category where Microchip competes — analysts and idea pieces name MCHP as a beneficiary of the AI-driven chip rally, supporting upside in revenue and multiple expansion. AI Is Reviving an Overlooked Chip Category—and These 3 Names Are Riding the Demand Wave (MCHP)
• Positive Sentiment: Broad semiconductor rally tied to AI, strong earnings and improving chip sales lists MCHP among top picks alongside NVDA and others — this market narrative boosts sentiment and can attract flows into MCHP. AI and Earnings Set Semiconductor Stocks on Record Rally: 5 Top Picks
• Positive Sentiment: Microchip expanded its Trust Shield portfolio with PQC?ready TS1800 and TS50x root-of-trust controllers — a strategic product release that addresses emerging post?quantum security mandates (data center, telecom, defense) and can open new design wins in high-value infrastructure customers. Microchip Expands its Family of Post-Quantum?Ready Root of Trust Controllers for Next?Generation Systems
• Neutral Sentiment: Preview coverage ahead of MCHP’s Q4 results notes that AI/data?center end markets now represent ~19% of revenue — helpful for growth but not yet large enough to materially change profitability or justify outsized multiples; watch guidance and backlog commentary. Microchip Q4 Preview: The AI Data Center End-Market Is Getting Important
• Neutral Sentiment: Industry roundup on robotics mentions Microchip among relevant suppliers for factory automation — positive for long?term industrial exposure but not an immediate catalyst. From the Factory Floor: 6 Robotics Stocks to Know
• Negative Sentiment: CEO Steve Sanghi sold 416,581 shares under a Rule 10b5?1 plan (disclosed Apr 23) for ~$36.9M — large insider sales can weigh on sentiment even if pre?scheduled; investors should note timing and that the company reports strong institutional ownership and recent analyst upgrades. Microchip Technology (NASDAQ:MCHP) CEO Sells $36,879,915.93 in Stock

Insider Activity

In other news, CEO Steve Sanghi sold 416,581 shares of Microchip Technology stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCHP. Mizuho raised their target price on Microchip Technology from $83.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Rosenblatt Securities raised their target price on Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. UBS Group raised their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Cantor Fitzgerald raised their target price on Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Finally, Susquehanna raised their target price on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Microchip Technology Price Performance

MCHP stock opened at $90.17 on Thursday. The firm has a 50 day moving average price of $71.50 and a 200-day moving average price of $68.22. Microchip Technology Incorporated has a 52-week low of $44.17 and a 52-week high of $92.24. The firm has a market capitalization of $48.79 billion, a price-to-earnings ratio of -310.93, a PEG ratio of 1.16 and a beta of 1.49. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.16%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business earned $0.20 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities research analysts forecast that Microchip Technology Incorporated will post 1.16 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s dividend payout ratio (DPR) is presently -627.59%.

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.