Microchip Technology (NASDAQ:MCHP) COO Richard Simoncic Sells 5,000 Shares of Stock

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

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $91.37 on Tuesday. Microchip Technology Incorporated has a one year low of $48.52 and a one year high of $105.91. The stock has a fifty day moving average of $85.54 and a 200-day moving average of $74.62. The company has a market capitalization of $49.53 billion, a PE ratio of 435.12, a price-to-earnings-growth ratio of 0.93 and a beta of 1.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09.

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. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, equities analysts anticipate that Microchip Technology Incorporated will post 2.58 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s dividend payout ratio is 866.67%.

Microchip Technology News Roundup

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

• Positive Sentiment: Microchip was named in multiple articles highlighting a broader rebound in semiconductor stocks and renewed investor interest in chip names tied to AI and data-center growth. 5 Stocks to Boost Your Portfolio on Soaring Semiconductor Sales
• Positive Sentiment: Recent coverage says Microchip expects significant growth in its Data Center Solutions revenue, helping support the bullish case for the stock. Microchip Technology (MCHP) Expects Significant Growth in Data Center Solutions Revenue
• Positive Sentiment: Analyst and investor commentary continues to emphasize improving bookings, backlog, and a stronger book-to-bill trend, which can signal a recovery in demand. Microchip Technology rises as semiconductor stocks rebound and investors revisit recent data-center growth outlook
• Neutral Sentiment: The company announced it will present at the 2026 Mizuho Technology Conference, which is a routine investor-relations event but could provide new commentary on demand and guidance. Microchip Technology to Present at the 2026 Mizuho Technology Conference
• Negative Sentiment: Chief Operating Officer Richard J. Simoncic disclosed a sale of 5,000 shares, adding a modest insider-selling data point that may weigh on sentiment. SEC Form 4 filing for Richard J. Simoncic

Analysts Set New Price Targets

A number of analysts have recently issued reports on MCHP shares. Wells Fargo & Company increased their target price on Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Barclays increased their target price on Microchip Technology from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Argus upgraded Microchip Technology to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen upgraded Microchip Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Susquehanna increased their target price on Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a report 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. According to MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.52.

Hedge Funds Weigh In On Microchip Technology

A number of hedge funds have recently modified their holdings of MCHP. EFG International AG acquired a new position in shares of Microchip Technology in the fourth quarter worth $29,000. Miller Capital Partners Inc. acquired a new position in Microchip Technology during the fourth quarter worth $29,000. Reflection Asset Management acquired a new position in Microchip Technology during the fourth quarter worth $33,000. Garton & Associates Financial Advisors LLC acquired a new position in Microchip Technology during the fourth quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Microchip Technology by 4,663.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock worth $33,000 after buying an additional 513 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

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.