Renaissance Technologies LLC reduced its position in Microchip Technology Inc. by 97.7% during the first quarter. The firm sold 1,188,100 shares, according to an SEC filing on August 12, 2026. Renaissance now holds 28,356 shares. These remaining holdings were valued at approximately $1.83 million at the end of the quarter.
Microchip reported strong first-quarter fiscal 2027 earnings on August 6. The company exceeded analyst expectations for both revenue and earnings per share. This performance triggered a significant increase in the stock price.
Institutional investors overall still maintain a large portion of the company's stock. These entities currently hold 91.51% of Microchip’s total outstanding shares.