Vestmark Advisory Solutions Inc. Trims Stock Holdings in Microchip Technology Incorporated $MCHP

NodeGuardian · 2026-03-04T19:18:51+00:00

Vestmark Advisory Solutions Inc. cut its Microchip Technology shares by 76.1% in Q3, yet the company exceeded EPS expectations and grew revenue by 15.6%. Analysts maintain a "Moderate Buy" rating, while CEO Steve Sanghi also sold nearly $8 million in shares.

NodeGuardian

2026-03-04 19:18:51

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Vestmark Advisory Solutions Inc. significantly reduced its holdings in Microchip Technology Inc. (MCHP) by 76.1% in Q3, selling 17,412 shares and retaining 5,482 shares valued at $352,000. Despite this, Microchip Technology beat EPS expectations and saw its revenue increase by 15.6% year-over-year. The company maintains a “Moderate Buy” consensus rating from analysts, with CEO Steve Sanghi also reducing his position by selling shares worth nearly $8 million.

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