Vanguard Amends Microchip Tech Stake to 8.4% as of Dec 29

TL;DR

**Vanguard trimmed its Microchip Technology stake to 8.4% as of Dec 29, down from 8.5%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership in Microchip Technology Inc. As of December 29, 2023, Vanguard reported holding 46,380,332 shares of Microchip Technology's Common Stock, representing 8.4% of the company. This filing updates their previous disclosure, showing a slight decrease in their beneficial ownership percentage from 8.5% previously reported, which matters to investors as it signals a minor adjustment in a significant institutional holder's position.

Why It Matters

This filing shows a slight reduction in Vanguard's passive stake in Microchip Technology, which could be interpreted as a minor rebalancing by a major institutional investor.

Risk Assessment

Risk Level: low — The change in ownership is minor and from a passive institutional investor, posing minimal direct risk to the company or its stock price.

Analyst Insight

Investors should note that a major institutional investor like Vanguard is maintaining a substantial, though slightly reduced, passive stake in Microchip Technology, suggesting continued confidence in the company's long-term prospects, but no immediate catalyst for significant price movement.

Key Numbers

• 46,380,332 — Shares Beneficially Owned (The total number of Microchip Technology Inc. common shares held by The Vanguard Group as of December 29, 2023.)
• 8.4% — Percentage of Class (The percentage of Microchip Technology Inc.'s Common Stock beneficially owned by The Vanguard Group.)
• 0 — Sole Voting Power (The number of shares over which The Vanguard Group has sole voting power, indicating a passive investment strategy.)
• 46,380,332 — Sole Dispositive Power (The number of shares over which The Vanguard Group has sole dispositive power, meaning they can decide to sell these shares.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Microchip Technology Inc. (company) — issuer of the securities
• 46,380,332 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 8.4% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, albeit passive, stake in Microchip Technology Inc. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv01453-microchiptechnologyi.htm (SC 13G/A) — 11KB
• 0001104659-24-021464.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Microchip Technology Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 2355 West Chandler Boulevard Chandler, AZ 85224-6199

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 595017104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR