Microchip Technology Preferred Shares Slip as MCHPP Trades Ex-Dividend

Microchip Technology Incorporated (MCHPP) is down 3.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is that MCHPP traded ex-dividend on September 1, 2026, which often causes preferred shares to fall by roughly the value of the upcoming payout. The company had already declared its quarterly preferred dividend in August, so the drop appears more tied to dividend mechanics than to a fresh negative operating development.

Details:

Microchip’s latest quarterly filing states that its 7.50% Series A Mandatory Convertible Preferred Stock carries a quarterly cash dividend of $18.75 per preferred share, payable September 15, 2026, to holders of record on September 1, 2026.

Each MCHPP depositary share represents a 1/20th interest in one preferred share, implying a dividend of about $0.9375 per depositary share.

Market listings show September 1, 2026 as the next ex-dividend date for MCHPP, which means buyers on that date are not entitled to the upcoming distribution.

Microchip also reported quarterly results on August 6, 2026, but with no similarly timed new corporate announcement visible around today, the ex-dividend reset looks like the cleaner explanation for the one-day move.

Sources:

SEC, Microchip Technology Investor Relations, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

EARLY ACCESS

Receive MCHPP Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$MCHPP Hedge Fund Activity

We have seen 32 institutional investors add shares of $MCHPP stock to their portfolio, and 55 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 899,231 shares (-22.4%) from their portfolio in Q2 2026, for an estimated $68,980,010
PORTMAN SQUARE CAPITAL LLP removed 725,000 shares (-61.7%) from their portfolio in Q2 2026, for an estimated $55,614,749
SUSQUEHANNA ADVISORS GROUP, INC. added 700,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $53,696,999
AEQUIM ALTERNATIVE INVESTMENTS LP added 650,000 shares (+61.9%) to their portfolio in Q2 2026, for an estimated $49,861,499
WEISS ASSET MANAGEMENT LP added 600,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $46,025,999
CSS LLC/IL added 558,552 shares (+inf%) to their portfolio in Q2 2026, for an estimated $42,846,523
WALLEYE CAPITAL LLC added 500,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $38,355,000

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.