Hosking Partners 13F: Cuts MCHP Stake by $2.7M
Key Points
- Hosking Partners lowered its Microchip Technology Incorporated stake by 10.3% during the quarter, bringing its total holding to 296,965 shares valued at roughly $23.1 million.
- Microchip Technology recently traded around $75.60, sitting roughly 28.6% below its 52-week high of $105.91.
- Wall Street analysts hold a buy consensus on the stock, with a mean price target of $106.92 ahead of upcoming earnings.
Since the filing, $MCHP is down 2.9% to date (from the $77.15 close on Oct 21, 2026).
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Hosking Partners trimmed its holdings in Microchip Technology Incorporated (NasdaqGS: MCHP) by 34,186 shares, according to a Form 13F filing with the Securities and Exchange Commission on October 21, 2026. The reduction represents a 10.3% decrease from the previous quarter, leaving the fund with 296,965 shares valued at about $23.1 million. Microchip closed at $77.15 on the filing date.
MCHP
Microchip Technology Incorporated
Hosking Partners vs. the S&P 500
Hypothetical returns from Hosking Partners's disclosed trades, not real profit or advice. How we model this.
What Changed in Hosking Partners's Microchip Technology Position
Hosking Partners held 331,151 shares of the semiconductor maker prior to the adjustment. The recent cut leaves the fund with 296,965 shares. The reported value of the remaining holding stood at $23,094,968 as of the filing date.
Other Institutional Activity in Microchip Technology
Other large funds also adjusted their exposure to the chip maker during recent periods. Boston Partners reduced its holdings by 225,648 shares, ending with 14,522,587 shares worth about $1,090,210,601 after a 1.5% decrease. Aristotle Capital Management, LLC cut its stake by 841,710 shares, leaving it with 10,800,194 shares valued at roughly $810,770,560 following a 7.2% reduction. Victory Capital Management Inc. trimmed its position by 1,906,853 shares, or 16.3%, closing the period with 9,806,001 shares worth about $736,136,492.
Microchip Technology Incorporated Stock Down 0.3%
Microchip shares recently traded around $75.60 as of October 22, 2026, which is down about 2.0% from the filing-day close of $77.15. The stock has moved between a 52-week low of $48.52 and a 52-week high of $105.91.
Recent Earnings
The company generated $5.12 billion in trailing-twelve-month revenue alongside earnings of $0.69 per share. Net profit margin reached 9.3%, while return on equity stood at 7.2%. The next earnings report is scheduled for November 5, 2026.
Dividend
Microchip pays an annual dividend rate of $1.82 per share, translating to a dividend yield of 2.36% based on recent trading levels. The payout ratio sits at 267.6%.
Insider Buying and Selling at Microchip Technology Incorporated
Company insiders executed several transactions prior to the filing. Director Matthew W Chapman sold 3,000 shares on May 28, 2026, at an average price of $97.52 for a total of $292,546. Chief Operating Officer Richard J Simoncic disposed of 5,000 shares on June 4, 2026, at $97.52 per share, totaling $487,575. Chief Financial Officer James Eric Bjornholt completed two sales, parting with 837 shares on August 17, 2026, at $80.26 for $67,178, and another 4,112 shares on August 25, 2026, at $75.32 for $309,716.
Analysts Set New Price Targets
Wall Street coverage on Microchip features active adjustments from major financial firms. On August 7, 2026, UBS maintained a Buy rating while lowering its target from $130.00 to $120.00. Cantor Fitzgerald reiterated an Overweight rating with a $125.00 target on August 17, 2026. BMO Capital initiated coverage on August 21, 2026, with an Outperform rating and a $95.00 target. Later, TD Cowen maintained a Hold rating on October 19, 2026, and cut its target from $90.00 to $75.00. Wells Fargo maintained an Equal-Weight rating on October 20, 2026, reducing its target from $88.00 to $80.00. Overall, the stock carries a consensus buy rating among 25 analysts, with a mean price target of $106.92.
About Microchip Technology
Based in Chandler, Arizona, Microchip Technology develops and manufactures microcontrollers, mixed-signal, analog, and flash-IP integrated circuits. The firm serves customers across the automotive, industrial, computing, communications, and consumer markets by providing smart and secure embedded control solutions.
Bottom Line
Investors will watch the upcoming earnings release on November 5, 2026, for fresh insights into the company's financial direction. Subsequent institutional filings will show whether other funds follow Hosking Partners in adjusting their stakes.
Related Filing Alerts
Source: Hosking Partners's 13F filing on $MCHP (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts