Rep. Gilbert Ray Cisneros Jr. (D-CA) Buys MCHP Stock

Democratic Representative Gilbert Ray Cisneros Jr. picked up shares of Microchip Technology Incorporated, NasdaqGS: MCHP, in a trade executed on June 30, 2026. The transaction was revealed in a periodic transaction report filed under the STOCK Act and disclosed on July 2, 2026. Because federal lawmakers report trades in broad ranges rather than exact dollar figures, the purchase was valued between $1,001 and $15,000. Microchip Technology closed at $91.20 on the day of the trade.

MCHP Microchip Technology Incorporated

$73.85 ▲ +15.50% year to date

1M 3M YTD

Daily close · Oct 16, 2026

Inside Rep. Gilbert Ray Cisneros Jr.'s Microchip Trade

The disclosed purchase adds to a series of recent portfolio moves reported by the Democratic lawmaker from California's 31st district. This disclosure follows a string of stock purchases made public by Representative Cisneros over the autumn months, including trades involving other industrial and consumer companies.

Other Institutional Activity in Microchip Technology

Other major institutional investors adjusted their positions in the semiconductor manufacturer during the same reporting period. Boston Partners reduced its holdings by 225,648 shares, ending with 14,522,587 shares worth about $1,080,916,154. Aristotle Capital Management, LLC cut its stake by 841,710 shares, holding 10,800,194 shares valued at approximately $803,858,442. Victory Capital Management Inc. trimmed its position by 1,906,853 shares, leaving it with 9,806,001 shares worth about $729,860,657.

Microchip Technology Incorporated Stock Up 0.3%

The company's shares recently traded around $74.08 as of October 16, 2026. That puts the stock down about 18.8% from its closing price on the June 30 transaction date. The stock has traded between a 52-week low of $48.52 and a 52-week high of $105.91.

Recent Earnings

For its trailing twelve months, Microchip Technology generated $5,122,999,040 in revenue with earnings of $0.68 per share. The company posted a net profit margin of 9.3% and a return on equity of 7.2%. Its next quarterly financial update is scheduled for November 5, 2026.

Dividend

The company pays an annual dividend yielding 2.45%, with a dividend payout ratio of 267.6%.

Insider Buying and Selling at Microchip Technology Incorporated

Company insiders also transacted in shares around the period of the lawmaker's trade. Chief Operating Officer Richard J. Simoncic sold 5,000 shares on May 22, 2026, at an average price of $93.44 for a total value of $467,175. Director Matthew W. Chapman disposed of 3,000 shares on May 28, 2026, at $97.52 per share, totaling $292,546. Later, on June 4, 2026, Richard J. Simoncic parted with another 5,000 shares at $97.52 each for a total of $487,575. After the trade date, Chief Financial Officer James Eric Bjornholt sold 837 shares on August 17, 2026, at $80.26 per share, worth $67,178.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock following mid-summer updates. On July 20, 2026, Wells Fargo maintained an Equal-Weight rating while lowering its price target from $95.00 to $88.00. Cantor Fitzgerald reiterated an Overweight rating with a target of $125.00 on August 3, 2026. UBS kept a Buy rating on August 7, 2026, cutting its target from $130.00 to $120.00. Citigroup maintained a Buy rating on August 7, 2026, lowering its target from $113.00 to $95.00. Truist Securities maintained a Hold rating on August 7, 2026, adjusting its target from $105.00 to $90.00. Overall, the stock carries a consensus buy rating and a mean price target of $107.84 among 25 analysts.

About Microchip Technology

Headquartered in Chandler, Arizona, Microchip Technology Incorporated develops and manufactures smart, connected, and secure embedded control solutions for customers across the Americas, Europe, and Asia. The company operates through Semiconductor Products and Technology Licensing segments.

Bottom Line

Observers will look ahead to Microchip's upcoming earnings report on November 5, 2026, for further updates on the semiconductor maker's financial performance. Congressional stock disclosures continue to offer visibility into the personal investment portfolios elected officials maintain while in office.