Bank of Montreal Can Boosts Stake in Microchip Technology

Institutional investor increases position in semiconductor company by nearly 50%

Mar. 11, 2026 at 7:20am

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Bank of Montreal Can, an institutional investor, grew its stake in shares of Microchip Technology Incorporated (NASDAQ:MCHP) by 49.8% in the 3rd quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The investor now owns 2,243,633 shares of the semiconductor company's stock, worth approximately $144 million.

Why it matters

This move by Bank of Montreal Can highlights the continued institutional interest and confidence in Microchip Technology, a leading semiconductor company. The increased stake suggests the investor sees long-term growth potential in the company, which provides a range of embedded control and analog semiconductors used across various industries.

The details

According to the SEC filing, Bank of Montreal Can acquired an additional 745,387 shares of Microchip Technology in the 3rd quarter, bringing its total stake to 2,243,633 shares. This represents about 0.42% of the company's outstanding shares. The filing also showed that other hedge funds, such as AQR Capital Management and Geneos Wealth Management, have also been buying Microchip Technology shares in recent quarters.

  • Bank of Montreal Can increased its stake in Microchip Technology during the 3rd quarter of 2026.

The players

Bank of Montreal Can

An institutional investor and one of the largest banks in Canada.

Microchip Technology Incorporated

A semiconductor company that designs, develops, and supplies a broad portfolio of embedded control and analog semiconductors, including microcontrollers, digital signal controllers, and mixed-signal and analog devices.

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The takeaway

The increased stake by Bank of Montreal Can in Microchip Technology suggests continued institutional confidence in the semiconductor company's long-term growth prospects. This move aligns with the broader trend of institutional investors seeking exposure to the semiconductor industry, which is poised for continued innovation and expansion across various end markets.