Microchip Technology (NASDAQ:MCHP) Price Target Raised to $70.00 at Wells Fargo & Company

Microchip Technology (NASDAQ:MCHP) had its price target lifted by investment analysts at Wells Fargo & Company from $68.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 7.61% from the stock’s current price.

MCHP has been the subject of several other reports. Susquehanna boosted their price target on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. UBS Group raised their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Cantor Fitzgerald upped their target price on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday. Piper Sandler upped their price target on Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Citigroup increased their price target on shares of Microchip Technology from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.41.

Microchip Technology Price Performance

Shares of Microchip Technology stock traded down $2.28 on Friday, hitting $75.76. The company’s stock had a trading volume of 9,790,266 shares, compared to its average volume of 9,564,331. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. Microchip Technology has a 1 year low of $34.13 and a 1 year high of $81.43. The firm has a fifty day moving average price of $69.54 and a 200-day moving average price of $65.57. The company has a market capitalization of $40.95 billion, a price-to-earnings ratio of -167.84, a price-to-earnings-growth ratio of 2.00 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, sell-side analysts anticipate that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 121,615 shares of company stock worth $9,641,654. 1.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Microchip Technology

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of Microchip Technology by 51.3% in the 1st 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 in the last quarter. Geneos Wealth Management Inc. lifted its position in Microchip Technology by 101.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 616 shares during the last quarter. Optas LLC acquired a new position in Microchip Technology in the second quarter valued at $221,000. Maryland State Retirement & Pension System grew its holdings in shares of Microchip Technology by 3.5% during the second quarter. Maryland State Retirement & Pension System now owns 25,651 shares of the semiconductor company’s stock worth $1,805,000 after purchasing an additional 863 shares during the last quarter. Finally, Tectonic Advisors LLC grew its holdings in shares of Microchip Technology by 10.6% during the second quarter. Tectonic Advisors LLC now owns 8,897 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 856 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Microchip Technology News

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

• Positive Sentiment: Multiple broker upgrades and large price-target increases signal renewed analyst optimism — Rosenblatt raised its target to $115 (buy), Mizuho to $90 (outperform) and Needham to $84 (buy). These lifts imply substantial upside from recent levels. Benzinga TickerReport
• Positive Sentiment: Q3 fiscal 2026 results topped EPS estimates ($0.44 vs. $0.43) and showed +15.6% YoY revenue growth to ~$1.19B; management issued Q4 EPS guidance of $0.48–$0.52, above consensus at the midpoint — this supports a recovery thesis. Press Release
• Positive Sentiment: Board declared a quarterly cash dividend of $0.455/share (payable March 10; ex-div Feb 23), supporting income investors and signaling confidence in cash flow. Dividend Release
• Positive Sentiment: Strategic win: collaboration with Hyundai Motor Group to explore 10BASE‑T1S single‑pair Ethernet for automotive connectivity — supports automotive revenue momentum cited on the call. Hyundai Collaboration
• Neutral Sentiment: Earnings call transcripts and analyst notes highlight improving margins, inventory normalization and sequential revenue growth (~6.2% expected into Q4), which underpin the turnaround thesis but leave execution risk. Earnings Call Sales Signal
• Negative Sentiment: Offsetting the positives, Reuters reports Microchip forecasted quarterly profit below some Wall Street estimates and flagged memory‑supply pressures — this guidance nuance likely contributed to the sell‑off despite the beat. Reuters
• Negative Sentiment: Some analysts remain cautious — TD Cowen kept a Hold and cut its target to $70, underscoring continued visibility concerns and limiting near‑term upside for more conservative investors. TipRanks/TD Cowen
• Negative Sentiment: Market reaction: shares fell after the print despite the beat — indicating investors are focusing on near‑term margin/supply risks and mixed forward commentary rather than the upbeat parts of the release. Market Reaction

About Microchip Technology

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.