Microchip Technology (NASDAQ:MCHP) Given New $91.00 Price Target at Citigroup

Microchip Technology (NASDAQ:MCHP) had its price target lowered by Citigroup from $92.00 to $91.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other analysts have also weighed in on MCHP. Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. Mizuho boosted their price target on shares of Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. Truist Financial increased their price objective on shares of Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Friday. Susquehanna lifted their target price on shares of Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research report on Thursday, January 22nd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Microchip Technology in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.27.

Microchip Technology Price Performance

NASDAQ:MCHP opened at $76.01 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. Microchip Technology has a one year low of $34.13 and a one year high of $81.43. The company has a fifty day moving average price of $70.01 and a 200 day moving average price of $65.59. The stock has a market cap of $41.08 billion, a P/E ratio of -262.10, a PEG ratio of 2.00 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.08%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Analysts anticipate that Microchip Technology will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Monday, February 23rd will be paid a $0.455 dividend. The ex-dividend date is Monday, February 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. Microchip Technology’s payout ratio is -404.44%.

Insider Activity at Microchip Technology

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

Institutional Investors Weigh In On Microchip Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC lifted its position in shares of Microchip Technology by 23.7% during the fourth quarter. Millstone Evans Group LLC now owns 742 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 142 shares in the last quarter. Verdence Capital Advisors LLC raised its position in Microchip Technology by 2.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 7,120 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 150 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in Microchip Technology by 2.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,787 shares of the semiconductor company’s stock worth $407,000 after buying an additional 154 shares in the last quarter. Soltis Investment Advisors LLC boosted its position in Microchip Technology by 0.7% in the 4th quarter. Soltis Investment Advisors LLC now owns 22,469 shares of the semiconductor company’s stock valued at $1,432,000 after buying an additional 155 shares during the last quarter. Finally, Florida Trust Wealth Management Co increased its stake in shares of Microchip Technology by 3.3% in the 3rd quarter. Florida Trust Wealth Management Co now owns 4,890 shares of the semiconductor company’s stock valued at $314,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Trending Headlines about Microchip Technology

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

• Positive Sentiment: Multiple broker upgrades and higher price targets — notable raises include JPMorgan to $95 (overweight), Mizuho to $90 (outperform), Rosenblatt to $115 (buy), and Needham to $84 — these lifts signal fresh upside expectations. Benzinga
• Positive Sentiment: Q3 results: MCHP beat EPS (reported $0.44 vs. $0.43 consensus), revenue up ~15.6% YoY, and management raised Q4 EPS guidance to $0.480–$0.520 (above consensus) — a constructive operational recovery and improving margins. Earnings Report
• Positive Sentiment: Strategic and cash returns: company announced a $0.455 quarterly dividend (yield ~2.4%) and a collaboration with Hyundai on single‑pair Ethernet for automotive connectivity — supports long‑term TAM in automotive/industrial markets. Dividend Hyundai Collaboration
• Positive Sentiment: Unusual options activity: extremely large call buying (≈87,550 calls, ~1,038% above average) — signals speculative/positioning interest that can amplify upside moves if catalysts continue.
• Neutral Sentiment: Citigroup trimmed its target slightly (from $92 to $91) but kept a Buy rating — a modest adjustment that leaves upside intact but is not a strong directional signal. Benzinga
• Negative Sentiment: Macro/supply headwind: Reuters reports Microchip forecasted Q4 profit below some estimates and flagged memory‑supply issues — this created investor caution despite the beat. Reuters
• Negative Sentiment: Some analysts remain conservative or cut targets — Wells Fargo (raised PT to $70 but rated equal weight), Truist to $68 (hold), and TD Cowen lowered target to $70 — these calls imply limited near‑term upside and help explain selling pressure. TickerReport/Wells Fargo Benzinga TipRanks/TD Cowen
• Negative Sentiment: Market reaction: several headlines note shares fell after the quarter despite the beat — suggests investors focused on supply commentary and cautious forward earnings phrasing. Zacks

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.