New York, January 24, 2026, 19:50 (EST) — The market has closed.
- Shares of Microchip closed Friday roughly 1% lower, settling at $74.71
- CEO Steve Sanghi submitted a Form 144 notice signaling his intention to sell 18,509 shares
- Attention turns to the Fed’s Jan. 27–28 meeting amid a packed earnings schedule for chip peers
Microchip Technology (MCHP.O) shares slipped roughly 1% to close at $74.71 on Friday, capping a week of uneven moves in semiconductor stocks ahead of a busy slate of upcoming catalysts.
The pullback is significant since the stock is near its recent highs, and in chips, macro news and earnings can quickly shift sentiment. Traders are focusing on “read-throughs”—how one company’s results might signal trends for the broader sector—ahead of Microchip’s upcoming report.
U.S. stocks wrapped up Friday on a cautious note, the S&P 500 edging slightly higher while the Dow slipped after a turbulent week.
Microchip remains roughly 6% off its 52-week peak of $79.50 hit on Jan. 22, with Friday bringing a second day of losses. Trading volume fell short of recent averages, and the stock underperformed several chip rivals during a mixed session, MarketWatch reported.
CEO and President Steve Sanghi filed to sell 18,509 common shares on Thursday, valued at roughly $1.47 million. The Form 144, an SEC notification for an insider sale under Rule 144, revealed the transaction is linked to a Rule 10b5-1 plan—a preset trading arrangement—put in place back in June 2025.
Microchip upped its forecast for net sales in the quarter ending Dec. 31 to roughly $1.185 billion, surpassing earlier guidance, and noted inventory pressures are easing. Sanghi called it a “fairly broad-based recovery” with “bookings activity [being] very strong,” but cautioned that tariffs, interest rates, and shifts in customer orders could still impact results. SEC
Investors will also be eyeing Texas Instruments next week. The company, a major player in analog and embedded chips, is often seen as a barometer for demand in industrial and automotive sectors. TI plans to webcast its Q4 and full-year 2025 earnings call on Tuesday, Jan. 27, at 3:30 p.m. Central time.
Macro remains a major wildcard. The Federal Reserve is scheduled to meet Jan. 27–28. Its policy statement drops at 2:00 p.m. Eastern Wednesday, followed by a press conference at 2:30 p.m., per the Fed’s calendar.
Analog Devices, a key player in the U.S. analog chip industry, announced it will release its quarterly earnings on Feb. 18, extending market attention on the sector into late February.
Microchip holders face a timing risk. Should customers delay shipments once more or rates shift unfavorably, the stock could retreat sharply, especially since investors are already betting on a steady rebound.
The key upcoming events are the Fed’s decision on Jan. 28 and Microchip’s fiscal third-quarter earnings report on Feb. 5.
