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

Rep. Gilbert Ray Cisneros Jr., a Democrat in the House of Representatives, sold shares of Microchip Technology Incorporated (MCHP) on September 16, 2026. The transaction was valued between $1,001 and $15,000, according to a periodic transaction report filed under the STOCK Act on October 12, 2026.

About Microchip Technology Incorporated

Microchip Technology develops and sells embedded control solutions across the globe. The company operates mainly in the semiconductor products and technology licensing sectors. With a market cap of about $40.3 billion, it plays a significant role in the technology sector, especially in semiconductors, which are essential for various electronic devices.

Other Institutional Activity in Microchip Technology

Several funds have been active in Microchip Technology recently. Blackrock Inc. increased its holdings by 9,257,631 shares, bringing its total to 63,586,448 shares worth approximately $4.70 billion. Vanguard Capital Management LLC slightly added 238,843 shares, ending with 35,362,807 shares valued at about $2.61 billion. Vanguard Portfolio Management LLC also grew its position by 674,018 shares, totaling 33,078,712 shares worth around $2.44 billion. State Street Corporation added 821,290 shares to reach 28,851,673 shares valued at about $2.13 billion. Meanwhile, Invesco Ltd. trimmed its position by 432,814 shares, leaving it with 25,329,931 shares worth approximately $1.87 billion.

Microchip Technology Incorporated Stock Up 3.6%

As of October 16, 2026, Microchip Technology shares traded recently around $74.11. This price is about 30% lower than its 52-week high of $105.91 and also below its 50-day moving average of $75.77 and 200-day moving average of $79.39. The stock remains above its 52-week low of $48.52, indicating some resilience despite the current downturn.

Recent Earnings

Microchip Technology reported trailing twelve-month revenue of approximately $5.12 billion, with a year-over-year revenue growth of 38%. The company's net margin stands at 9.3%, and it has a return on equity of 7.2%. The next earnings report is expected on November 5, 2026.

Analysts Set New Price Targets

On August 7, 2026, UBS maintained a "Buy" rating with a price target of $120, although it was previously set at $130. Citigroup also maintained a "Buy" rating, lowering its target to $95 from $113. Truist Securities continues to hold its "Hold" rating with a target of $90, while Cantor Fitzgerald reiterated its "Overweight" rating with a target of $125. BMO Capital initiated an "Outperform" rating with a target of $95.

Insider Buying and Selling at Microchip Technology Incorporated

In recent months, several insiders have sold shares of Microchip Technology. Director Matthew W. Chapman sold 3,000 shares on May 28, 2026, at an average price of $97.52, totaling about $292,546. Chief Operating Officer Richard J. Simoncic sold 5,000 shares on June 4, 2026, also at $97.52, bringing in around $487,575. Chief Financial Officer James Eric Bjornholt sold 4,112 shares on August 25, 2026, at an average price of $75.32, totaling about $309,716.

Bottom Line

Investors will be watching Microchip Technology closely as it approaches its next earnings date on November 5, 2026. With recent insider selling and a fluctuating stock price, market reactions will be important to observe. Gilbert Ray Cisneros Jr.'s recent sale adds to his earlier transactions this year, including sales of shares from other companies like Workday and W. R. Berkley Corporation.