Microchip Technology CEO Sells $36.8M in Shares Amid Stock High
Steve Sanghi, CEO of Microchip Technology, sold $36.8 million in shares on April 23, 2026, as stock approaches 52-week high. This sale aligns with a Rule 10b5-1 trading plan initiated in June 2025, raising questions about potential overvaluation in a strong market.
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On April 23, 2026, Steve Sanghi, CEO of Microchip Technology Inc. (NASDAQ:MCHP), sold 416,581 shares for $36.8 million at $88.5329 each. This transaction was part of a Rule 10b5-1 trading plan established on June 6, 2025, and comes as MCHP nears its 52-week high of $92.24 following a 96% annual return.
Concurrently, Microchip opened a manufacturing facility in Tuscaloosa, Alabama, for the MHM-2020 Active Hydrogen Maser to enhance production capacity. The firm also launched the SAM9X75D5M System-in-Package for automotive applications and expanded its dsPIC33A family.
Additionally, Microchip achieved cybersecurity certification from UL Solutions, ensuring secure development processes. These developments indicate strong momentum but also highlight potential risks associated with overvaluation.
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