Microchip Technology (NASDAQ:MCHP) Price Target Raised to $83.00

Microchip Technology (NASDAQ:MCHP) had its price objective upped by Mizuho from $80.00 to $83.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

Other analysts have also issued reports about the company. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a research report on Tuesday, January 6th. TD Cowen lowered 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 report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Finally, Bank of America lifted their target price on shares of Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.62.

Microchip Technology Stock Performance

MCHP stock opened at $75.22 on Friday. The company has a 50 day moving average price of $61.37 and a 200 day moving average price of $65.09. Microchip Technology has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. 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 stock has a market capitalization of $40.65 billion, a PE ratio of -167.16, a price-to-earnings-growth ratio of 2.29 and a beta of 1.46.

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

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Insider Activity

In related news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the sale, the chief financial officer 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 filing with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Somerset Trust Co raised its position in shares of Microchip Technology by 9.1% during the fourth quarter. Somerset Trust Co now owns 3,508 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 293 shares during the period. Clear Trail Advisors LLC bought a new stake in Microchip Technology during the 4th quarter worth approximately $561,000. Assenagon Asset Management S.A. raised its holdings in Microchip Technology by 24.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,530,367 shares of the semiconductor company’s stock worth $161,235,000 after buying an additional 495,570 shares during the period. Diversified Trust Co. bought a new position in Microchip Technology in the fourth quarter valued at approximately $442,000. Finally, Elmwood Wealth Management Inc. boosted its holdings in shares of Microchip Technology by 1.3% in the fourth quarter. Elmwood Wealth Management Inc. now owns 20,511 shares of the semiconductor company’s stock valued at $1,307,000 after buying an additional 259 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Microchip Technology News Summary

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

• Positive Sentiment: Mizuho raised its price target on MCHP from $80 to $83 and kept an “outperform” rating, signaling further upside from current levels. Benzinga
• Positive Sentiment: Multiple firms issued bullish notes or upgrades (Needham, Rosenblatt, B. Riley, JPMorgan, Morgan Stanley), contributing to buying momentum and analyst-driven interest. Needham Rosenblatt B. Riley
• Positive Sentiment: Wells Fargo raised its price target for MCHP to $68 (another Wells Fargo note earlier had maintained a Hold). The PT bump helps support the rally alongside other upgrades. Wells Fargo PT Boost
• Positive Sentiment: Microchip raised Q4 sales guidance and shares reacted sharply (reported ~16% intraday lift after the guidance update), indicating improving demand expectations. Yahoo Finance
• Positive Sentiment: Product/partnership news: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — enhances enterprise AI relevance. GlobeNewswire
• Neutral Sentiment: Wells Fargo also had a prior note maintaining a Hold on MCHP; mixed analyst views mean follow-through depends on upcoming results and macro appetite for semiconductors. Globe and Mail
• Negative Sentiment: Market-note on momentum risk: coverage pieces and trading commentary flagged a sharp spike (15%) that could invite a short-term pullback — investors should watch volume, near-term profit-taking and the company’s next earnings/guidance cadence. TipRanks

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.