Microchip Technology Incorporated $MCHP Stock Position Reduced by Fenimore Asset Management Inc

Posted by Francis Steltz on Oct 8th, 2026

Fenimore Asset Management Inc cut its holdings in Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 1,366,210 shares of the semiconductor company’s stock after selling 15,388 shares during the period. Microchip Technology makes up about 2.3% of Fenimore Asset Management Inc’s holdings, making the stock its 15th largest position. Fenimore Asset Management Inc’s holdings in Microchip Technology were worth $106,250,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MCHP. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Microchip Technology during the 2nd quarter worth about $537,423,000. Barclays PLC increased its stake in Microchip Technology by 66.5% in the fourth quarter. Barclays PLC now owns 13,996,883 shares of the semiconductor company’s stock valued at $891,881,000 after purchasing an additional 5,590,210 shares during the last quarter. Legal & General Group Plc acquired a new stake in Microchip Technology during the second quarter worth approximately $312,597,000. Victory Capital Management Inc. raised its holdings in Microchip Technology by 11.4% during the fourth quarter. Victory Capital Management Inc. now owns 13,375,920 shares of the semiconductor company’s stock worth $852,317,000 after purchasing an additional 1,369,832 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of 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 buying an additional 1,272,838 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCHP has been the subject of several research analyst reports. TD Cowen lowered their target price on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a report on Monday, July 13th. Rosenblatt Securities reissued a “buy” rating and issued a $120.00 price target on shares of Microchip Technology in a research report on Friday, August 7th. Wells Fargo & Company decreased their price objective on shares of Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating for the company in a research note on Monday, July 20th. Weiss Ratings raised Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, BMO Capital Markets assumed coverage on Microchip Technology in a research report on Friday, August 21st. They set an “outperform” rating and a $95.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Check Out Our Latest Stock Report on MCHP

Microchip Technology Stock Performance

Shares of Microchip Technology stock traded down $2.50 during trading on Thursday, reaching $75.52. The company’s stock had a trading volume of 10,130,127 shares, compared to its average volume of 10,093,008. The company has a 50-day moving average price of $76.02 and a two-hundred day moving average price of $82.07. Microchip Technology Incorporated has a fifty-two week low of $48.52 and a fifty-two week high of $105.91. The firm has a market cap of $41.01 billion, a PE ratio of 112.72, a P/E/G ratio of 0.57 and a beta of 1.77. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $0.27 EPS. Microchip Technology’s quarterly revenue was up 38.0% compared to the same quarter last year. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS. On average, analysts forecast that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 24th were issued a dividend of $0.4550 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently 271.64%.

Insider Activity

In related news, CFO James Bjornholt sold 4,112 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares in the company, valued at $2,152,118.36. The trade was a 12.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 corporate insiders.

About Microchip Technology

(Free Report)

Microchip Technology Inc is a semiconductor company that develops and manufactures embedded control solutions for automotive, industrial, aerospace and defense, communications, consumer, and computing applications. Its products are designed to help customers manage processing, connectivity, power, timing, security, and data storage within electronic systems.

The company’s product portfolio includes microcontrollers, microprocessors, analog and mixed-signal devices, power-management products, timing and synchronization solutions, memory products, connectivity components, and field-programmable gate arrays.