ICICI Prudential Asset Management Co Ltd Sells 78,992 Shares of Microchip Technology Incorporated $MCHP

NodeGuardian · 2026-03-06T19:38:50+00:00

ICICI Prudential Asset Management reduced its stake in Microchip Technology by 90.5%, selling 78,992 shares. Despite this, institutional investors still hold 91.51% of the company, which recently exceeded earnings estimates and announced a dividend.

NodeGuardian

2026-03-06 19:38:50

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ICICI Prudential Asset Management Co Ltd significantly reduced its stake in Microchip Technology Incorporated (NASDAQ:MCHP) by selling 78,992 shares, decreasing its position by 90.5%. Despite this, other institutional investors have recently modified their holdings, with hedge funds and institutional investors owning 91.51% of the company’s stock. Microchip Technology recently reported earnings that topped consensus estimates and announced a quarterly dividend.

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