Microchip Technology (NASDAQ:MCHP) Stock Price Expected to Rise, Piper Sandler Analyst Says

Microchip Technology (NASDAQ:MCHP) had its price objective boosted by equities researchers at Piper Sandler from $80.00 to $85.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. Piper Sandler’s target price would suggest a potential upside of 13.79% from the stock’s previous close.

MCHP has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Needham & Company LLC increased their target price on shares of Microchip Technology from $75.00 to $77.00 and gave the stock a “buy” rating in a research note 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 report on Friday, November 7th. KeyCorp restated an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Microchip Technology from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Microchip Technology currently has an average rating of “Moderate Buy” and an average target price of $79.38.

Microchip Technology Stock Up 0.3%

NASDAQ MCHP opened at $74.70 on Thursday. 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 fifty day simple moving average is $62.83 and its 200-day simple moving average is $65.29. The firm has a market cap of $40.37 billion, a PE ratio of -166.00, a P/E/G ratio of 2.24 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities analysts anticipate that Microchip Technology will post 1.03 earnings per share for the current year.

Insider Transactions at Microchip Technology

In other news, 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 transaction of $216,273.88. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Parsons Capital Management Inc. RI bought a new position in shares of Microchip Technology in the second quarter valued at about $280,000. Mizuho Markets Cayman LP bought a new position in Microchip Technology in the 2nd quarter valued at about $107,584,000. Boston Partners lifted its position in Microchip Technology by 38.0% during the second quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock worth $1,040,114,000 after acquiring an additional 4,076,112 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Microchip Technology by 498.0% during the third quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock worth $130,675,000 after acquiring an additional 1,694,533 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Microchip Technology by 37.2% in the third quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock valued at $215,881,000 after purchasing an additional 911,731 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

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.