Microchip Technology (NASDAQ:MCHP) Price Target Raised to $70.00

Microchip Technology (NASDAQ:MCHP) had its price objective raised by Wells Fargo & Company from $68.00 to $70.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the semiconductor company’s stock.

MCHP has been the topic of a number of other research reports. B. Riley Financial upped their price target on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Truist Financial lifted their target price on shares of Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a report on Friday. Mizuho increased their price target on shares of Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. Cantor Fitzgerald raised their price target on shares of Microchip Technology from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, Susquehanna boosted their price objective on shares of Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.27.

Microchip Technology Price Performance

MCHP stock opened at $76.01 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The firm has a 50 day moving average price of $70.01 and a 200-day moving average price of $65.49. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $81.43. The firm has a market capitalization of $41.13 billion, a price-to-earnings ratio of -262.10, a PEG ratio of 1.93 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the business posted $0.20 EPS. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. Equities research analysts forecast that Microchip Technology will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Monday, February 23rd will be issued a $0.455 dividend. The ex-dividend date is Monday, February 23rd. This represents a $1.82 annualized dividend and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is currently -404.44%.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 4,292 shares of the 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 transaction, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total value of $7,959,467.70. Following the completion of the transaction, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 121,615 shares of company stock valued at $9,641,654. 1.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Microchip Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in shares of Microchip Technology by 27.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,679 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 782 shares during the period. Mizuho Markets Cayman LP boosted its holdings in Microchip Technology by 0.3% in the 4th quarter. Mizuho Markets Cayman LP now owns 1,535,360 shares of the semiconductor company’s stock worth $97,833,000 after buying an additional 4,600 shares during the period. Addison Advisors LLC increased its stake in Microchip Technology by 193.7% in the 4th quarter. Addison Advisors LLC now owns 702 shares of the semiconductor company’s stock worth $45,000 after buying an additional 463 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Microchip Technology by 99.7% during the fourth quarter. Global Retirement Partners LLC now owns 9,061 shares of the semiconductor company’s stock valued at $577,000 after acquiring an additional 4,524 shares during the period. Finally, Sierra Summit Advisors LLC raised its holdings in Microchip Technology by 2.2% during the fourth quarter. Sierra Summit Advisors LLC now owns 33,458 shares of the semiconductor company’s stock valued at $2,132,000 after acquiring an additional 710 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology News Roundup

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

• Positive Sentiment: Multiple broker upgrades and higher price targets — notable raises include JPMorgan to $95 (overweight), Mizuho to $90 (outperform), Rosenblatt to $115 (buy), and Needham to $84 — these lifts signal fresh upside expectations. Benzinga
• Positive Sentiment: Q3 results: MCHP beat EPS (reported $0.44 vs. $0.43 consensus), revenue up ~15.6% YoY, and management raised Q4 EPS guidance to $0.480–$0.520 (above consensus) — a constructive operational recovery and improving margins. Earnings Report
• Positive Sentiment: Strategic and cash returns: company announced a $0.455 quarterly dividend (yield ~2.4%) and a collaboration with Hyundai on single‑pair Ethernet for automotive connectivity — supports long‑term TAM in automotive/industrial markets. Dividend Hyundai Collaboration
• Positive Sentiment: Unusual options activity: extremely large call buying (≈87,550 calls, ~1,038% above average) — signals speculative/positioning interest that can amplify upside moves if catalysts continue.
• Neutral Sentiment: Citigroup trimmed its target slightly (from $92 to $91) but kept a Buy rating — a modest adjustment that leaves upside intact but is not a strong directional signal. Benzinga
• Negative Sentiment: Macro/supply headwind: Reuters reports Microchip forecasted Q4 profit below some estimates and flagged memory‑supply issues — this created investor caution despite the beat. Reuters
• Negative Sentiment: Some analysts remain conservative or cut targets — Wells Fargo (raised PT to $70 but rated equal weight), Truist to $68 (hold), and TD Cowen lowered target to $70 — these calls imply limited near‑term upside and help explain selling pressure. TickerReport/Wells Fargo Benzinga TipRanks/TD Cowen
• Negative Sentiment: Market reaction: several headlines note shares fell after the quarter despite the beat — suggests investors focused on supply commentary and cautious forward earnings phrasing. Zacks

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.