Microchip Technology reported an insider sale by Chief Executive Officer Steve Sanghi on Jan. 28, 2026. Sanghi sold 98,814 shares of common stock at $80.5535 per share, producing a transaction value of roughly $7.9 million.
The filing indicates the disposition was carried out under a Rule 10b5-1 trading arrangement that Sanghi put in place on June 6, 2025. Following the sale, Sanghi retains indirect ownership of 9,922,319 shares through The Sanghi Trust and The Sanghi Family Limited Partnership.
Analyst activity and peer updates
In related market activity, Texas Instruments reported fourth-quarter results that were broadly in line with expectations. The company benefited from stronger gross margins tied to an improved industrial mix and produced better free cash flow performance driven by tighter capital expenditure control. For the first quarter, Texas Instruments provided an outlook that exceeded street expectations, with midpoint revenue guidance of $4.5 billion - representing a 2% sequential increase and an 11% gain year-over-year. Following those results and the outlook, BofA Securities revised its recommendation on Texas Instruments from Underperform to Neutral and raised its price target to $235.00 from $185.00.
Upgrades and product developments at Microchip
Microchip itself has seen favorable analyst movement. BofA Securities upgraded Microchip’s rating from Neutral to Buy, citing improved recovery momentum and upward revisions to estimates over the coming years. Stifel also increased its price target on Microchip to $90.00 and highlighted the company’s diversified, high-performance business model.
Beyond the coverage changes, Microchip announced product expansions that underscore ongoing investment in semiconductor applications. The company expanded its maXTouch M1 family of touchscreen controllers aimed at automotive displays and unveiled a new portfolio of 600V gate drivers designed for high-voltage power-management use cases. These product announcements point to continued development across both interface and power-management segments of Microchip’s portfolio.
What the filings and updates show
The insider sale by Sanghi, executed via a previously established Rule 10b5-1 plan, reduces his direct share position but leaves significant indirect holdings intact. Concurrently, analyst upgrades for Microchip and Texas Instruments, together with Microchip’s recent product introductions, reflect positive signals from both coverage and corporate-product activity. The filings and the corporate disclosures included in company statements form the factual basis for these developments.
Summary
- CEO Steve Sanghi sold 98,814 shares of Microchip on Jan. 28, 2026, for about $7.9 million at $80.5535 per share.
- The sale was made under a Rule 10b5-1 plan adopted on June 6, 2025; Sanghi still indirectly owns 9,922,319 shares.
- Analyst moves include BofA upgrading Microchip to Buy and raising its price target, Stifel raising Microchip’s price target to $90.00, and BofA moving Texas Instruments to Neutral with a higher price target following quarterly results.
- Microchip announced expansions to its maXTouch M1 touchscreen controller family and a new 600V gate-driver portfolio for high-voltage power management.