Microchip Technology Incorporated $MCHP Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 26.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 89,591 shares of the semiconductor company’s stock after selling 32,434 shares during the period. Reinhart Partners LLC.’s holdings in Microchip Technology were worth $5,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Millstone Evans Group LLC grew its position in 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 purchasing an additional 142 shares during the period. Verdence Capital Advisors LLC grew its position in 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 purchasing an additional 150 shares during the period. Fiduciary Family Office LLC grew its position in 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 period. Soltis Investment Advisors LLC grew its position in Microchip Technology by 0.7% during the 4th quarter. Soltis Investment Advisors LLC now owns 22,469 shares of the semiconductor company’s stock worth $1,432,000 after purchasing an additional 155 shares during the period. Finally, Bouchey Financial Group Ltd grew its position in Microchip Technology by 4.4% during the 4th quarter. Bouchey Financial Group Ltd now owns 3,771 shares of the semiconductor company’s stock worth $240,000 after purchasing an additional 159 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Microchip Technology

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

• Positive Sentiment: Microchip said its data center solutions revenue reached $302.7 million in 2025 and is projected to rise about 65% in 2026 to around $500 million, reinforcing a strong growth story in AI and data center infrastructure. Microchip Provides Data Center Solutions Business Unit Revenue Information
• Positive Sentiment: The company launched XpressConnect PCIe 6.0 and CXL 3.1 retimers, which could strengthen its product lineup for AI data centers by improving latency, signal integrity and scalability. XpressConnect PCIe 6.0 and CXL 3.1 Retimers Address Latency and Signal-Integrity Challenges in AI Data Centers
• Positive Sentiment: Microchip will present at the 2026 Evercore Global TMT Conference, giving management another near-term venue to highlight the company’s growth outlook and data center momentum. Microchip Technology to Present at the 2026 Evercore Global TMT Conference
• Neutral Sentiment: The company also announced a board appointment for former executive Mitch Little, a governance update that is unlikely to move the stock on its own. Microchip Technology Appoints Mitch Little to Its Board of Directors
• Neutral Sentiment: Analyst and momentum coverage has remained constructive, with MCHP highlighted as a June momentum name and multiple firms maintaining bullish ratings, supporting the broader upbeat sentiment. 5 Momentum Stocks to Buy for June After an Impressive Rally in May

Wall Street Analysts Forecast Growth

MCHP has been the topic of several analyst reports. Stifel Nicolaus set a $90.00 price target on Microchip Technology in a research report on Friday, February 6th. Citigroup raised their target price on Microchip Technology from $91.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Barclays raised their target price 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. Susquehanna raised their target price on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company raised their target price on Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Four 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.52.

Microchip Technology Trading Up 5.9%

Shares of Microchip Technology stock opened at $96.96 on Wednesday. The firm has a market capitalization of $52.56 billion, a PE ratio of 461.74, a P/E/G ratio of 0.96 and a beta of 1.73. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The firm’s 50-day moving average price is $82.60 and its 200 day moving average price is $73.19. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $0.11 EPS. The business’s revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. On average, sell-side analysts predict that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.

Microchip Technology Announces Dividend

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

Insider Activity

In other news, COO Richard J. Simoncic sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $93.44, for a total transaction of $467,200.00. Following the completion of the sale, the chief operating officer owned 135,508 shares in the company, valued at $12,661,867.52. This trade represents a 3.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steve Sanghi sold 76,469 shares of Microchip Technology stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the sale, the chief executive officer owned 9,385,834 shares of the company’s stock, valued at $878,326,345.72. This trade represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 548,302 shares of company stock worth $49,186,035 over the last quarter. 1.94% of the stock is currently owned by corporate insiders.

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.