Microchip Executives Sell Tens of Millions in Company Stock in May

Microchip Technology Inc. (MCHP) saw its directors and C-level executives execute a series of open-market share sales during May. On May 15, insider Matthew W. Chapman disposed of 10,000 shares at roughly the mid-$90 price range. On May 22, the chief operating officer and chief financial officer each sold several thousand shares through trusts. In total, the three transactions generated approximately $1.8 million (about KRW 2.5 billion) in cash proceeds. Chapman’s sale was carried out by an appointed agent under a power of attorney, while the CFO’s trades followed a pre-arranged Rule 10b5-1 plan. Despite these sales, all three executives continue to hold tens of thousands of shares, representing stakes worth hundreds of millions of won.

In its fourth-quarter and full-year fiscal 2026 results released on May 7, Microchip reported revenue of $1.3111 billion (about KRW 1.8 trillion) for the March quarter, marking over a 35% year-over-year increase. The company also provided guidance for the June quarter of fiscal 2026, forecasting mid-30% year-over-year growth and double-digit sequential growth. At recent investor events and conferences, Microchip highlighted a recovery in customer demand, improvements in profitability, and expanding demand for high-speed connectivity and compute solutions in AI data centers, noting an uptick in bookings and order trends.

Headquartered in Chandler, Arizona, Microchip Technology is a semiconductor company that supplies embedded control solutions—such as microcontrollers, analog and mixed-signal chips, and security and connectivity devices—to automotive, industrial, communications and data center, and consumer electronics markets. The company is listed on the NASDAQ and is a component of the S&P 500 Index.