Microchip Technology (NASDAQ:MCHP) Raised to “Outperform” at BNP Paribas Exane

Microchip Technology (NASDAQ:MCHP) was upgraded by BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a $90.00 price target on the semiconductor company’s stock. BNP Paribas Exane’s price objective suggests a potential upside of 20.47% from the company’s previous close.

MCHP has been the topic of a number of other research reports. Susquehanna raised their price target on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday. Wells Fargo & Company increased their price objective on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Morgan Stanley boosted their target price on Microchip Technology from $68.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Bank of America increased their price target on Microchip Technology from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.82.

Microchip Technology Stock Performance

Shares of MCHP opened at $74.71 on Thursday. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The firm has a market cap of $40.38 billion, a PE ratio of -166.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.46. The company’s 50 day simple moving average is $64.84 and its 200-day simple moving average is $65.39. Microchip Technology has a 12-month low of $34.13 and a 12-month high of $79.50.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. Microchip Technology’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 predict that Microchip Technology will post 1.03 EPS for the current year.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were 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 approximately $1,516,184.71. The trade was a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.94% of the company’s stock.

Institutional Trading of Microchip Technology

Several hedge funds and other institutional investors have recently made changes to their positions in MCHP. Winnow Wealth LLC acquired a new position in Microchip Technology during the third quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in shares of Microchip Technology during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC grew its holdings 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 purchased a new position in Microchip Technology in the 3rd quarter valued at approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Microchip Technology by 106.8% during 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. Institutional investors and hedge funds own 91.51% of the company’s stock.

Key Headlines Impacting Microchip Technology

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

• Positive Sentiment: Susquehanna raised its price target from $75 to $90 and reiterated a “positive” rating, signaling roughly ~20% upside vs. the recent price and implying stronger medium‑term revenue/margin expectations. Susquehanna raises PT
• Positive Sentiment: BNP Paribas Exane upgraded Microchip from “neutral” to “outperform” and set a $90 price target, citing firmer demand for analog upgrades across end markets (contributes to structural tailwinds for Microchip’s analog and mixed‑signal product lines). BNP Paribas analog demand note
• Positive Sentiment: Exane BNP Paribas upgraded Microchip from “hold” to “strong‑buy,” reflecting dealer confidence that cyclical recovery in analog and embedded demand will benefit Microchip sooner than feared. Exane BNP Paribas upgrade
• Positive Sentiment: Bank of America raised its price target to $78, a modest increase that still signals near‑term upside and gives more institutional support to the stock after recent earnings/guidance. BofA raises PT to $78
• Neutral Sentiment: Zacks published a broader thematic piece highlighting technology names with favorable Earnings ESP; Microchip is included as a candidate to watch but this is a general screen rather than new company‑specific disclosure. Zacks feature

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.