Microchip Technology (MCHP)

Company Profile

Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company's solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality.

Company profile

Ticker

MCHP

Exchange

NASDAQ

Website

www.microchip.com

CEO

Steve Sanghi

Incorporated

Delaware

Location

Arizona

Fiscal year end

Mar 31

Sector

Manufacturing > Semiconductor and Related Device Manufacturing

Industry (SIC)

Semiconductors & Related Devices

Intel • Broadcom • Texas Instruments • Micron Technology • Applied Materials • Marvell Technology • ST Microelectronics - New York Shares • NXP Semiconductors • Analog Devices • NVIDIA ...

SEC CIK

0000827054

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

MBarb Malta Limited • Microchip Technology LLC • Microsemi Corp. • Microsemi Corporation • Microsemi SoC Corp. • Microchip Communications, LLC • Microsemi Storage Solutions, Inc. • Microchip Malta BMD Limited • Microchip Technology Ireland Limited • Microchip Technology Malta Limited ...

IRS number

860629024

MCHP stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$88.20

Low target

$76.00

High target

$95.00

Latest filings (excl ownership)

View all

Conflict minerals disclosure

25 May 23

Microchip Technology Announces Record Financial Results for Fourth Quarter and Fiscal Year 2023

2 Feb 23

Microchip Technology Announces Record Financial Results for Third Quarter of Fiscal Year 2023

2 Feb 23

8-K

Departure of Directors or Certain Officers

3 Nov 22

Microchip Technology Announces Record Financial Results

3 Nov 22

Transcripts

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MCHP

Earnings call transcript

2023 Q4

4 May 23

MCHP

Earnings call transcript

2023 Q3

2 Feb 23

MCHP

Earnings call transcript

2023 Q2

4 Nov 22

MCHP

Earnings call transcript

2023 Q1

3 Aug 22

MCHP

Earnings call transcript

2022 Q4

10 May 22

MCHP

Earnings call transcript

2022 Q3

4 Feb 22

MCHP

Earnings call transcript

2022 Q2

5 Nov 21

MCHP

Earnings call transcript

2022 Q1

4 Aug 21

MCHP

Earnings call transcript

2021 Q4

7 May 21

MCHP

Earnings call transcript

2021 Q3

5 Feb 21

Latest ownership filings

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James Eric Bjornholt

24 May 23

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart MCHP financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 23	Mar 22	Mar 21	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	234.00 mm	234.00 mm	234.00 mm	234.00 mm	234.00 mm	234.00 mm
Cash burn (monthly)	18.30 mm	6.95 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	37.33 mm	14.18 mm	n/a	n/a	n/a	n/a
Cash remaining	196.67 mm	219.82 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	10.7	31.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

MCHP institutional ownership history Ownership history

91.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1110	1063	+4.4%
Opened positions	141	156	-9.6%
Closed positions	94	80	+17.5%
Increased positions	412	404	+2.0%
Reduced positions	395	350	+12.9%

13F shares	Current	Prev Q	Change
Total value	40.97 tn	34.35 tn	+19.3%
Total shares	497.35 mm	490.26 mm	+1.4%
Total puts	3.50 mm	7.32 mm	-52.1%
Total calls	3.06 mm	6.11 mm	-49.9%
Total put/call ratio	1.1	1.2	-4.3%

Largest owners	Shares	Value	Change
Vanguard	66.10 mm	$5.54 tn	-0.3%
BLK Blackrock	43.55 mm	$3.65 tn	+0.7%
STT State Street	24.27 mm	$2.03 tn	+14.2%
Dodge & Cox	22.90 mm	$1.92 tn	-2.0%
T. Rowe Price Investment Management	22.15 mm	$1.85 tn	-2.1%
Aristotle Capital Management	16.66 mm	$1.40 tn	-4.5%
FMR	14.30 mm	$1.20 tn	-26.6%
AMP Ameriprise Financial	13.29 mm	$1.11 tn	-4.0%
Geode Capital Management	11.71 mm	$979.92 bn	+1.9%
PFG Principal Financial Group Inc - Registered Shares	9.57 mm	$801.56 bn	-3.4%

Largest transactions	Shares	Bought/sold	Change
Envestnet Asset Management	6.76 mm	+5.87 mm	+659.2%
Norges Bank	0.00	-5.87 mm	EXIT
FMR	14.30 mm	-5.17 mm	-26.6%
Citadel Advisors	145.28 k	-3.64 mm	-96.2%
Mizuho Markets Cayman	3.59 mm	+3.59 mm	NEW
STT State Street	24.27 mm	+3.02 mm	+14.2%
Wellington Management	6.73 mm	+2.61 mm	+63.4%
Voya Investment Management	1.63 mm	-2.49 mm	-60.4%
GS Goldman Sachs	4.77 mm	+2.12 mm	+80.3%
BAC Bank Of America	8.50 mm	+1.63 mm	+23.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MCHP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 May 23	James Eric Bjornholt	Common Stock	Sell	Dispose S	Yes	Yes	78.32	2,470	193.45 k	32,004
15 May 23	Richard J Simoncic	Common Stock	Payment of exercise	Dispose F	Yes	No	75.38	1,385	104.40 k	124,005
15 May 23	Richard J Simoncic	Common Stock	Option exercise	Acquire M	Yes	No	75.38	3,940	297.00 k	125,390
15 May 23	Richard J Simoncic	Common Stock	Payment of exercise	Dispose F	Yes	No	75.38	549	41.38 k	121,450
15 May 23	Richard J Simoncic	Common Stock	Option exercise	Acquire M	Yes	No	75.38	2,002	150.91 k	121,999
15 May 23	Richard J Simoncic	RSU Common Stock	Option exercise	Dispose M	No	No	75.38	3,940	297.00 k	0
15 May 23	Richard J Simoncic	RSU Common Stock	Option exercise	Dispose M	No	No	75.38	2,002	150.91 k	0
15 May 23	Steve Sanghi	Common Stock	Payment of exercise	Dispose F	Yes	No	75.38	10,806	814.56 k	10,088,865
15 May 23	Steve Sanghi	Common Stock	Option exercise	Acquire M	Yes	No	75.38	26,132	1.97 mm	10,099,671
15 May 23	Steve Sanghi	Common Stock	Payment of exercise	Dispose F	Yes	No	75.38	5,489	413.76 k	10,073,539