Microchip Technology (NASDAQ:MCHP) Price Target Raised to $69.00

Microchip Technology (NASDAQ:MCHP) had its price objective boosted by Morgan Stanley from $68.00 to $69.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently commented on MCHP. Citigroup reduced their target price on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, November 7th. Needham & Company LLC upped their price objective on Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus set a $80.00 price objective on Microchip Technology and gave the stock a “buy” rating in a research report on Tuesday. Bank of America boosted their target price on Microchip Technology from $67.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, Wells Fargo & Company cut their price target on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.71.

Microchip Technology Trading Down 0.6%

MCHP opened at $73.53 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. Microchip Technology has a 52 week low of $34.13 and a 52 week high of $77.20. The business’s 50 day moving average is $61.12 and its two-hundred day moving average is $65.13. The firm has a market cap of $39.74 billion, a price-to-earnings ratio of -163.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, research analysts predict that Microchip Technology will post 1.03 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a dividend of $0.455 per share. The ex-dividend date was Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 2.5%. Microchip Technology’s dividend payout ratio is -404.44%.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.94% of the stock is owned by corporate insiders.

Institutional Trading of Microchip Technology

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in Microchip Technology by 51.3% in the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 5,835 shares during the last quarter. Alliancebernstein L.P. lifted its position in Microchip Technology by 0.9% in the 1st quarter. Alliancebernstein L.P. now owns 619,195 shares of the semiconductor company’s stock valued at $29,975,000 after purchasing an additional 5,409 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Microchip Technology by 61.9% during the 1st quarter. NewEdge Advisors LLC now owns 40,512 shares of the semiconductor company’s stock valued at $1,961,000 after purchasing an additional 15,491 shares during the period. Kestra Investment Management LLC grew its position in Microchip Technology by 4,141.2% in the 1st quarter. Kestra Investment Management LLC now owns 2,163 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 2,112 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new position in Microchip Technology in the 1st quarter worth about $294,000. Institutional investors own 91.51% of the company’s stock.

Key Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Management raised Q4 sales guidance, citing a broader demand recovery — the guidance bump was a primary catalyst for the recent sharp rally. Article Title
• Positive Sentiment: Company signaled it exceeded net‑sales guidance and reiterated a brighter outlook, which helped drive multi‑day gains. Article Title
• Positive Sentiment: Strategic product win: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — strengthens positioning in AI / high‑performance compute customers. Article Title
• Positive Sentiment: Multiple brokerages issued bullish takes or forecast strong price appreciation (Needham, JPMorgan, Morgan Stanley, Rosenblatt, B. Riley), supporting momentum and investor interest. Needham Coverage Rosenblatt Coverage
• Neutral Sentiment: Stock experienced large intraday volume and rapid gains (double‑digit moves in recent sessions); technical momentum metrics (RS rating) have jumped — this increases volatility and short‑term trading risk. Zacks MSN
• Negative Sentiment: Some analysts remain cautious — Wells Fargo kept an equal‑weight (hold) rating even after lifting its price target, which signals limited near‑term upside and helps explain profit‑taking. Wells Fargo Price Target Note
• Negative Sentiment: Traders have flagged a risk of a pullback after the rapid run; heightened short‑term profit‑taking and rotation into other names can push the shares lower in the near term. TipRanks

Microchip Technology Company Profile

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.