Microchip Technology (NASDAQ:MCHP – Get Free Report) had its price objective boosted by UBS Group from $85.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. UBS Group’s price target would indicate a potential upside of 26.40% from the company’s previous close.
Several other brokerages also recently issued reports on MCHP. Susquehanna upped their target price on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a report on Tuesday, January 6th. Exane BNP Paribas upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Microchip Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.27.
View Our Latest Stock Analysis on Microchip Technology
Microchip Technology Stock Performance
Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.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 previous year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities research analysts anticipate that Microchip Technology will post 1.03 earnings per share for the current fiscal year.
Insider Buying and Selling at Microchip Technology
In related news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steve Sanghi sold 18,509 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $79.20, for a total value of $1,465,912.80. Following the completion of the transaction, the chief executive officer directly owned 10,021,133 shares in the company, valued at $793,673,733.60. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.94% of the company’s stock.
Institutional Trading of Microchip Technology
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Winnow Wealth LLC bought a new position in shares of Microchip Technology during the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in Microchip Technology during the third quarter valued at $28,000. Quent Capital LLC purchased a new stake in shares of Microchip Technology in the third quarter valued at $32,000. Salomon & Ludwin LLC lifted 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 last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Microchip Technology by 106.8% during the 3rd 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 period. 91.51% of the stock is owned by hedge funds and other institutional investors.
Key Microchip Technology News
Here are the key news stories impacting Microchip Technology this week:
- Positive Sentiment: Zacks added MCHP to multiple top lists (momentum and income), signaling short‑term bullish interest from momentum/income-focused investors — a positive for demand and sentiment. Best Momentum Stocks to Buy for January 27th
- Positive Sentiment: Product expansion: Microchip expanded its maXTouch M1 touchscreen controller family to cover a much broader range of automotive display sizes (2–5″ up to 42″), strengthening its automotive content opportunity and addressable market. Microchip Expands maXTouch® M1 Touchscreen Controller Series
- Positive Sentiment: Analyst upgrade/price target lift: UBS raised its price target to $95 (buy), implying significant upside from current levels — this can attract institutional and retail buying. Benzinga (UBS price target raise)
- Neutral Sentiment: Ongoing analyst coverage shows multiple target upgrades and a “Moderate Buy” consensus (consensus target ~$81.27). These reinforce positive narrative but also reflect expectations already priced in. MarketBeat Microchip summary
- Negative Sentiment: Insider selling: CEO Steve Sanghi sold 18,509 shares (~$1.47M) on Jan. 22 (a 0.18% reduction in his holdings). While not large relative to his stake, insider sales can be read negatively by some investors. Steve Sanghi Sells 18,509 Shares
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.
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