9,823 Microchip Technology Incorporated $MCHP Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC decreased its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 186,712 shares of the semiconductor company’s stock after selling 9,823 shares during the period. Villere ST Denis J & Co. LLC’s holdings in Microchip Technology were worth $14,521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp raised its stake in shares of Microchip Technology by 2.9% in the second quarter. State Street Corp now owns 28,851,673 shares of the semiconductor company’s stock valued at $2,631,273,000 after acquiring an additional 821,147 shares in the last quarter. Van ECK Associates Corp grew its stake in Microchip Technology by 18.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,224,808 shares of the semiconductor company’s stock worth $750,102,000 after purchasing an additional 1,272,838 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new position in Microchip Technology during the 2nd quarter worth $541,413,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Microchip Technology in the 2nd quarter valued at about $537,423,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Microchip Technology by 23.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,060,528 shares of the semiconductor company’s stock valued at $461,520,000 after buying an additional 962,362 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $61.49 on Tuesday. The company’s fifty day moving average price is $74.62 and its 200 day moving average price is $79.34. Microchip Technology Incorporated has a 12 month low of $48.52 and a 12 month high of $105.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. The firm has a market capitalization of $33.39 billion, a P/E ratio of 45.94, a P/E/G ratio of 0.52 and a beta of 1.84.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. Microchip Technology’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, sell-side analysts predict that Microchip Technology Incorporated will post 3.20 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be given a $0.4550 dividend. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.0%. Microchip Technology’s dividend payout ratio is 137.88%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MCHP shares. Barclays reduced their target price on shares of Microchip Technology from $105.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday. Jefferies Financial Group dropped their price objective on shares of Microchip Technology from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. TD Cowen decreased their price objective on shares of Microchip Technology from $90.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, October 19th. Finally, Cantor Fitzgerald lowered their target price on shares of Microchip Technology from $125.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.18.

Microchip Technology News Roundup

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

• Positive Sentiment: JPMorgan cut its target to $100 from $120 but kept an overweight rating, indicating the analyst still sees meaningful upside from the referenced $61.49 price. JPMorgan analyst update
• Positive Sentiment: Q3 coverage points to data-center design wins, which could support demand, although the article also flags risks. MCHP Q3 CY2026 deep dive
• Neutral Sentiment: Morgan Stanley lowered its target to $72 from $103 and maintained an equal-weight rating. Barclays also kept an equal-weight rating while cutting its target to $90 from $105. Both targets remain above the referenced share price, but the reductions signal more cautious expectations. Morgan Stanley analyst update Barclays analyst update
• Negative Sentiment: The broad run of target reductions—including reports of cuts from Citigroup, Truist Financial and Jefferies—suggests analysts are reassessing MCHP’s outlook. Morgan Stanley’s reduction was especially steep, from $103 to $72. Citigroup target cut Truist target cut Jefferies target cut
• Negative Sentiment: Q3 coverage cites a cautious outlook and supply constraints, factors that could limit near-term growth despite data-center wins. A separate report noted MCHP fell following an analyst downgrade, underscoring sensitivity to negative revisions. Q3 outlook and supply constraints Report on stock reaction to downgrade

Insider Activity

In related news, CFO James Bjornholt sold 4,112 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares in the company, valued at $2,152,118.36. This trade represents a 12.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is currently owned by company insiders.

About Microchip Technology