Bank of America Boosts Microchip Technology (NASDAQ:MCHP) Price Target to $78.00

Microchip Technology (NASDAQ:MCHP) had its price target upped by equities research analysts at Bank of America from $72.00 to $78.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s price objective points to a potential upside of 3.35% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. TD Cowen reduced their target price on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Mizuho boosted their price target on Microchip Technology from $80.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Cantor Fitzgerald raised Microchip Technology from a “neutral” rating to an “overweight” rating and upped their price target for the company from $65.00 to $85.00 in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus set a $80.00 price objective on shares of Microchip Technology and gave the stock a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.82.

Microchip Technology Price Performance

MCHP stock opened at $75.47 on Wednesday. The stock’s 50 day moving average is $64.41 and its two-hundred day moving average is $65.36. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $79.50. The company has a market capitalization of $40.79 billion, a PE ratio of -167.71, a P/E/G ratio of 2.25 and a beta of 1.46. 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 (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Analysts predict that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO James Eric Bjornholt sold 4,292 shares of the business’s 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 completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Winnow Wealth LLC bought a new stake in shares of Microchip Technology during the third quarter valued at about $25,000. Root Financial Partners LLC bought a new stake in shares of Microchip Technology during the 3rd quarter worth about $28,000. Salomon & Ludwin LLC lifted its stake in shares of Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC bought a new position in shares of Microchip Technology in the third quarter valued at approximately $32,000. Finally, MCF Advisors LLC increased its stake in shares of Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares during the period. Institutional investors own 91.51% of the company’s stock.

Microchip Technology News Summary

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

• Positive Sentiment: BNP Paribas highlights rising demand for analog upgrades and upgraded Microchip to outperform, citing stronger analog opportunities that benefit TI, onsemi and Microchip — a catalyst for multiple firms to raise targets. BNP Paribas eyes stronger demand for analog; upgrades Texas Instruments, Onsemi, Microchip
• Positive Sentiment: Susquehanna raised its price target on MCHP from $75 to $90 and moved to a “positive” rating — implying ~19% upside from current levels and signaling conviction in revenue/earnings improvement. Susquehanna raises MCHP price target to $90
• Positive Sentiment: BNP Paribas Exane upgraded Microchip from “neutral” to “outperform” and set a $90 target, reinforcing the view that analog/mixed-signal demand should help near-term recovery. BNP Paribas Exane upgrade to outperform
• Positive Sentiment: Zacks publishes a bullish note arguing Microchip may be well positioned for a surge, citing solid earnings estimate revisions — supportive for momentum and analyst sentiment. Why Microchip Tech (MCHP) Might be Well Poised for a Surge
• Positive Sentiment: Microchip launched a 600V gate-driver family for high‑voltage power-management applications — a product expansion that can deepen the company’s addressable market in industrial and EV-related power designs. Microchip Introduces 600V Gate Driver Family
• Neutral Sentiment: Bank of America nudged its price target up from $72 to $78 but kept a “neutral” rating, a modest lift that suggests caution remains among some large brokerages. BofA raises MCHP target to $78 (neutral)

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.