Microchip Technology Incorporated $MCHP Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Brenda Bartman on Jul 11th, 2026

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,272,974 shares of the semiconductor company’s stock after selling 28,367 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Microchip Technology were worth $82,247,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MCHP. Wolverine Asset Management LLC raised its position in Microchip Technology by 3,833.7% during the fourth quarter. Wolverine Asset Management LLC now owns 37,921 shares of the semiconductor company’s stock worth $2,416,000 after acquiring an additional 36,957 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in shares of Microchip Technology in the fourth quarter valued at about $6,691,000. Peregrine Investment Management Inc. acquired a new stake in shares of Microchip Technology in the first quarter valued at about $5,492,000. Epoch Investment Partners Inc. increased its stake in shares of Microchip Technology by 16.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,349,136 shares of the semiconductor company’s stock worth $85,967,000 after purchasing an additional 191,339 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Microchip Technology during the fourth quarter worth about $664,564,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology Price Performance

MCHP traded up $0.33 on Friday, reaching $88.59. 6,677,420 shares of the company’s stock were exchanged, compared to its average volume of 11,773,885. The stock has a market cap of $48.11 billion, a PE ratio of 421.88, a P/E/G ratio of 0.90 and a beta of 1.74. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The stock’s fifty day moving average price is $93.64 and its 200-day moving average price is $79.82. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.09 and a quick ratio of 1.18.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last released 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 net margin of 4.88% and a return on equity of 10.87%. 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. Microchip Technology’s quarterly 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. Sell-side analysts expect that Microchip Technology Incorporated will post 2.66 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.455 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.1%. Microchip Technology’s dividend payout ratio is 866.67%.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 76,469 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.58, for a total value of $7,155,969.02. Following the completion of the sale, the chief executive officer directly owned 9,385,834 shares in the company, valued at $878,326,345.72. This represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of the company’s 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 completion of the sale, the chief operating officer owned 130,508 shares of the company’s stock, valued at approximately $12,727,140.16. The trade was a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 553,302 shares of company stock worth $49,673,635 in the last three months. Company insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. 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. JPMorgan Chase & Co. raised their target price on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Rosenblatt Securities boosted their price target on Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.67.

Check Out Our Latest Report on Microchip Technology

Microchip Technology Profile

(Free Report)

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.