Microchip Stock Doubles... CEO Sells Shares Worth Hundreds of Millions

Steve Sanghi, CEO of U.S. semiconductor maker Microchip Technology Inc. (NASDAQ: MCHP), sold roughly 400,000 shares of the company’s common stock in the open market on April 23, generating about $36.9 million (approximately KRW 50 billion). The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted in June 2025.

He then sold another 100,000 shares under the same plan on April 30 and May 1, raising around $10.25 million (about KRW 14 billion). Despite these sales, Sanghi still indirectly holds more than 9.4 million shares through trusts and family limited partnerships, maintaining a significant economic stake.

Separately, on May 15, insider Matthew W. Chapman, through a designated agent, disposed of 10,000 shares for approximately $950,000 (just over KRW 1 billion). After that sale, his direct holdings fell to about 20,000 shares.

On May 7, Microchip reported fiscal 2026 fourth-quarter results with revenue of $1.311 billion and adjusted EPS of $0.57, both exceeding its own guidance. The company also expanded its portfolio with new timing solutions, including a miniature crystal oscillator.

Buoyed by these results and favorable industry outlooks, Microchip’s stock recently hit a 52-week high of $92.26—more than doubling over the past year. Stifel raised its price target to $108, and other investment banks have issued positive reports predicated on a market-cycle recovery.

Headquartered in Chandler, Arizona, Microchip Technology supplies microcontrollers with smart, connected and secure features, along with analog and interface products, to a wide range of embedded markets such as automotive, industrial, communications and consumer electronics.

Steve Sanghi has served as the company’s CEO and board chair since the early 1990s, transforming Microchip from a near-bankrupt startup into a multibillion-dollar market-cap semiconductor leader over more than 30 years.