Microchip Technology (NASDAQ:MCHP) Sets New 52-Week High Following Analyst Upgrade

Microchip Technology Incorporated (NASDAQ:MCHP)’s stock price hit a new 52-week high during mid-day trading on Thursday after Exane BNP Paribas upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $78.70 and last traded at $78.46, with a volume of 56797 shares trading hands. The stock had previously closed at $76.20.

A number of other equities research analysts have also issued reports on MCHP. Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a report on Tuesday, January 6th. Mizuho upped their target price on shares of Microchip Technology from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. KeyCorp reaffirmed an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Needham & Company LLC lifted their price target on shares of Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, TD Cowen dropped their price objective on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and a consensus price target of $80.82.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value 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. The trade was a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.94% of the stock is owned by insiders.

More Microchip Technology News

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

Institutional Investors Weigh In On Microchip Technology

Several large investors have recently added to or reduced their stakes in the stock. Winnow Wealth LLC bought a new stake in shares of Microchip Technology in the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new stake in Microchip Technology during the 3rd quarter valued at $28,000. Salomon & Ludwin LLC lifted its position in Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after buying an additional 329 shares during the last quarter. Quent Capital LLC purchased a new position in Microchip Technology during the third quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position 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 valued at $33,000 after acquiring an additional 267 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Microchip Technology Price Performance

The firm has a market cap of $40.38 billion, a P/E ratio of -166.02, a PEG ratio of 2.22 and a beta of 1.46. 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’s 50-day simple moving average is $64.84 and its two-hundred day simple moving average is $65.39.

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

Microchip Technology Dividend Announcement

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

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.