Corient Private Wealth LP Acquires Shares of 584,821 Microchip Technology Incorporated $MCHP

Posted by George Bondi on Aug 28th, 2026

Corient Private Wealth LP bought a new position in shares of Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 584,821 shares of the semiconductor company’s stock, valued at approximately $53,335,000. Corient Private Wealth LP owned approximately 0.11% of Microchip Technology at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EFG International AG acquired a new position in Microchip Technology during the 4th quarter worth $29,000. Miller Capital Partners Inc. bought a new position in Microchip Technology in the 4th quarter valued at $29,000. Continuum Advisory LLC acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $30,000. Johnson Financial Group Inc. acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $31,000. Finally, Reflection Asset Management bought a new stake in shares of Microchip Technology during the fourth quarter worth $33,000. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC upped their price target on Microchip Technology from $84.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 8th. UBS Group reissued a “buy” rating and set a $120.00 price objective (down from $130.00) on shares of Microchip Technology in a report on Friday, August 7th. Wells Fargo & Company reduced their target price on shares of Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $120.00 price target on shares of Microchip Technology in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Microchip Technology presently has an average rating of “Moderate Buy” and an average target price of $98.67.

View Our Latest Stock Analysis on Microchip Technology

Microchip Technology Trading Up 1.9%

MCHP opened at $75.49 on Friday. The firm’s fifty day moving average is $82.44 and its two-hundred day moving average is $81.43. The firm has a market cap of $40.99 billion, a PE ratio of 112.67, a price-to-earnings-growth ratio of 0.52 and a beta of 1.76. Microchip Technology Incorporated has a twelve month low of $48.52 and a twelve month high of $105.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its quarterly 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 net margin of 9.34% and a return on equity of 14.97%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The firm’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. Equities research analysts anticipate that Microchip Technology Incorporated will post 3.16 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Monday, August 24th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Microchip Technology’s dividend payout ratio is 271.64%.

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,112 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the transaction, the chief financial officer owned 28,573 shares in the company, valued at $2,152,118.36. This represents a 12.58% decrease in their ownership of the stock. The transaction 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 stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $97.52, for a total transaction of $487,600.00. Following the sale, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This represents a 3.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,949 shares of company stock worth $864,493. 1.79% of the stock is currently owned by insiders.

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.