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

Villere ST Denis J & Co. LLC reduced its position in Microchip Technology Incorporated (NASDAQ:MCHP) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Microchip Technology in the 2nd quarter valued at about $537,423,000. Legal & General Group Plc purchased a new position in Microchip Technology during the second quarter worth approximately $312,597,000. Van ECK Associates Corp boosted its position in Microchip Technology by 18.3% during the second 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. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Microchip Technology in the third quarter valued at approximately $94,304,000. Finally, Pictet Asset Management Holding SA grew its holdings in Microchip Technology by 30.7% in the third quarter. Pictet Asset Management Holding SA now owns 4,881,363 shares of the semiconductor company’s stock valued at $379,661,000 after purchasing an additional 1,145,500 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Stock Performance

Shares of NASDAQ:MCHP opened at $61.49 on Tuesday. 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 business’s 50 day moving average price is $74.62 and its 200-day moving average price is $79.34. The firm has a market capitalization of $33.39 billion, a PE ratio of 45.94, a P/E/G ratio of 0.52 and a beta of 1.84. Microchip Technology Incorporated has a 1 year low of $48.52 and a 1 year high of $105.91.

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

Microchip Technology Dividend Announcement

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

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

Wall Street Analysts Forecast Growth

MCHP has been the subject of a number of recent analyst reports. KeyCorp cut their price objective on Microchip Technology from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group reissued a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. B. Riley Financial cut their price target on shares of Microchip Technology from $98.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Rosenblatt Securities reduced their price objective on shares of Microchip Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Friday. Finally, Jefferies Financial Group decreased their price objective on shares of Microchip Technology from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.18.

Insiders Place Their Bets

In related news, CFO James Bjornholt sold 4,112 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total transaction of $309,715.84. Following the completion of the sale, the chief financial officer owned 28,573 shares of the company’s stock, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.79% of the company’s stock.

Microchip Technology Company Profile