Microchip Technology (NASDAQ: MCHP) reported an insider transaction in which CEO Sanghi Steve disposed of 18,509 shares of common stock on January 22, 2026. The trade generated approximately $1.46 million in proceeds, with the shares sold at $79.1984 apiece - a price close to the company’s 52-week high of $79.50.
The disposition was carried out pursuant to a Rule 10b5-1 trading plan that was adopted on June 6, 2025. Following the sale, Sanghi Steve continues to hold a substantial indirect position in Microchip, owning 10,021,133 shares through two entities: The Sanghi Trust, which holds 4,115,261 shares, and The Sanghi Family Limited Partnership, which holds 5,905,872 shares.
Valuation metrics and third-party research cited in connection with the transaction provide a mixed picture. InvestingPro data indicates that the stock appears overvalued on the basis of its Fair Value assessment and is trading at elevated EBIT, EBITDA, and revenue multiples. At the same time, equity research houses have signaled support for the shares, with Stifel increasing its price target to $90 while maintaining a Buy rating, and Piper Sandler raising its target to $85, noting strengthening order momentum led in part by the industrial sector.
Investors will also be watching Microchip’s upcoming earnings announcement, scheduled for February 5, with the outreach noting that 15 analysts have revised earnings estimates upward ahead of the report. The company has a 24-year record of consecutive dividend payments, a fact noted in the disclosure.
Beyond financial data, Microchip has continued to expand its product portfolio. The company introduced a lineup of 600V gate drivers designed for high-voltage power-management applications. The portfolio comprises 12 devices offered in different configurations to meet a range of current-drive requirements and to facilitate integration with microcontrollers.
In addition, Microchip rolled out its JANPTX family of non-hermetic plastic Transient Voltage Suppressor (TVS) devices, which the company reports have achieved military qualification. That mark is positioned as relevant to aerospace and defense applications.
For investors and analysts tracking insider activity, the sale is notable both for its timing near a 52-week high and for the fact it was executed under a pre-existing 10b5-1 trading plan. The combination of analyst price-target increases, product introductions in high-voltage power management, and the InvestingPro valuation assessment creates a layered set of signals that market participants may weigh ahead of the February earnings release.
About the data cited
The InvestingPro Fair Value and multiple commentary referenced above come from the platform’s research outputs, including a comprehensive Research Report noted as one of more than 1,400 available for major U.S. equities.