Needham & Company LLC Increases Microchip Technology (NASDAQ:MCHP) Price Target to $84.00

Microchip Technology (NASDAQ:MCHP) had its target price upped by stock analysts at Needham & Company LLC from $77.00 to $84.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 7.64% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Piper Sandler increased their price target on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. raised their target price on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. TD Cowen dropped their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Rosenblatt Securities restated a “buy” rating and set a $80.00 target price on shares of Microchip Technology in a research report on Tuesday, January 6th. Finally, Cantor Fitzgerald upped their target price on Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.64.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $78.04 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The company has a market cap of $42.18 billion, a price-to-earnings ratio of -173.42, a PEG ratio of 2.00 and a beta of 1.46. Microchip Technology has a 1 year low of $34.13 and a 1 year high of $81.43. The stock’s 50 day simple moving average is $69.54 and its two-hundred day simple moving average is $65.57.

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

Insider Activity

In related news, CEO Steve Sanghi sold 98,814 shares of Microchip Technology stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the transaction, the chief executive officer directly owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 121,615 shares of company stock valued at $9,641,654 over the last 90 days. 1.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Microchip Technology

Hedge funds have recently made changes to their positions in the stock. Winnow Wealth LLC purchased a new position in Microchip Technology in the third quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in Microchip Technology during the third quarter valued at approximately $28,000. Salomon & Ludwin LLC boosted its stake in Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares in the last quarter. Quent Capital LLC purchased a new position in Microchip Technology in the third quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Microchip Technology by 106.8% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

More Microchip Technology News

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

• Positive Sentiment: Q3 results showed revenue growth and an EPS beat (EPS $0.44 vs. $0.43 consensus; revenue $1.19B, +15.6% y/y), signaling improving demand and margin recovery. Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2026
• Positive Sentiment: Company-issued FYQ4 guidance was lifted above consensus on EPS (guide $0.480–$0.520 vs. ~$0.450 street estimate) and revenue was guided to roughly $1.2–$1.3B, suggesting management expects sequential improvement. Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2026
• Positive Sentiment: Management signaled ~6.2% sequential sales growth for Q4 with continued momentum in automotive and connectivity end markets—supportive for forward revenue visibility. Microchip signals 6.2% sequential sales growth for Q4 2026 as automotive and connectivity momentum builds
• Positive Sentiment: Board declared a quarterly cash dividend of $0.455 per share (payable March 10), supporting yield-focused investor interest. Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share
• Positive Sentiment: Strategic collaboration with Hyundai Motor Group to explore Single Pair Ethernet for automotive connectivity reinforces exposure to growing auto content. Microchip Technology and Hyundai Motor Group Collaborate to Explore 10BASE-T1S Single Pair Ethernet for Future Automotive Connectivity
• Neutral Sentiment: Full earnings call transcript and slide deck are available for deeper read on inventory, gross-margin drivers, and product-level trends. Useful for investors wanting detail but not a discrete catalyst. Microchip Technology Incorporated (MCHP) Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst and media write-ups (Zacks, MarketBeat) provide metric comparisons and context on margins and underutilization charges—helpful for modeling but not new catalysts. Compared to Estimates, Microchip Tech (MCHP) Q3 Earnings: A Look at Key Metrics
• Negative Sentiment: Reuters highlighted that Microchip forecasted quarterly profit below some Street estimates and flagged memory-supply constraints—raising concerns about near-term margin pressure and industry supply dynamics. Microchip Tech forecasts quarterly profit below estimates as memory shortages bite
• Negative Sentiment: TD Cowen kept a Hold rating and trimmed the price target to $70, reflecting limited near-term visibility and a gradual recovery thesis—adds pressure to sentiment. Microchip Technology: Gradual Recovery and Limited Visibility Justify Hold Rating and Lowered $70 Target
• Negative Sentiment: Some outlets noted an immediate share decline (~4%) after the report despite the beat, indicating profit-taking and disappointment over either guidance nuance or broader industry risk. Microchip Technology shares fall 4% despite beating Q3 estimates

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.