Castleark Management LLC Takes Position in Microchip Technology Incorporated $MCHP

Posted by Brenda Bartman on Aug 27th, 2026

Castleark Management LLC bought a new stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,000 shares of the semiconductor company’s stock, valued at approximately $3,101,000.

Several other institutional investors have also bought and sold shares of MCHP. Norges Bank bought a new position in Microchip Technology during the 4th quarter valued at $664,564,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Microchip Technology in the 2nd quarter worth $537,423,000. Barclays PLC raised its holdings in shares of 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 purchased a new stake in shares of Microchip Technology in the second quarter valued at about $312,597,000. Finally, Rafferty Asset Management LLC lifted its position in shares of Microchip Technology by 41.0% during the second quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock valued at $436,559,000 after purchasing an additional 1,803,945 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MCHP shares. BMO Capital Markets assumed coverage on shares of Microchip Technology in a report on Friday, August 21st. They set an “outperform” rating and a $95.00 price target on the stock. UBS Group reiterated a “buy” rating and issued a $120.00 price objective (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. Susquehanna lifted their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $125.00 target price on shares of Microchip Technology in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their target price on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.67.

Check Out Our Latest Report on Microchip Technology

Insider Transactions at Microchip Technology

In other Microchip Technology news, COO Richard J. Simoncic sold 5,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the completion of the transaction, the chief operating officer owned 130,508 shares in the company, valued at $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James Eric Bjornholt sold 4,112 shares of Microchip Technology stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the completion of the transaction, the chief financial officer owned 28,573 shares of the company’s stock, valued at $2,152,118.36. The trade was a 12.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,949 shares of company stock worth $864,493 over the last 90 days. 1.79% of the stock is currently owned by company insiders.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $74.05 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The stock has a fifty day simple moving average of $82.92 and a two-hundred day simple moving average of $81.43. Microchip Technology Incorporated has a 1-year low of $48.52 and a 1-year high of $105.91. The firm has a market cap of $40.21 billion, a price-to-earnings ratio of 110.52, a price-to-earnings-growth ratio of 0.51 and a beta of 1.76.

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

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 24th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, August 24th. Microchip Technology’s payout ratio is currently 271.64%.

About Microchip Technology

(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.