Q1 Earnings Forecast for MCHP Issued By KeyCorp

Microchip Technology Incorporated (NASDAQ:MCHP) – Equities research analysts at KeyCorp issued their Q1 2027 earnings per share (EPS) estimates for shares of Microchip Technology in a report issued on Monday, July 13th. KeyCorp analyst J. Vinh forecasts that the semiconductor company will post earnings per share of $0.60 for the quarter. The consensus estimate for Microchip Technology’s current full-year earnings is $2.69 per share. KeyCorp also issued estimates for Microchip Technology’s Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.81 EPS, Q4 2027 earnings at $0.86 EPS, FY2027 earnings at $3.00 EPS, Q3 2028 earnings at $0.93 EPS, Q4 2028 earnings at $0.99 EPS and FY2028 earnings at $3.83 EPS.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS.

Several other brokerages have also issued reports on MCHP. Zacks Research upgraded shares of Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group reissued a “buy” rating on shares of Microchip Technology in a research report on Tuesday, June 2nd. Needham & Company LLC boosted their price objective on shares of Microchip Technology from $84.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Barclays upped their price objective on shares of Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Susquehanna raised their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.10.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $80.96 on Thursday. Microchip Technology has a 12 month low of $48.52 and a 12 month high of $105.91. The firm has a market capitalization of $43.96 billion, a P/E ratio of 385.54, a P/E/G ratio of 0.82 and a beta of 1.74. The company has a current ratio of 2.09, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $92.15 and a two-hundred day simple moving average of $80.47.

Institutional Investors Weigh In On Microchip Technology

A number of institutional investors have recently made changes to their positions in MCHP. EFG International AG bought a new position in Microchip Technology in the 4th quarter valued at approximately $29,000. Miller Capital Partners Inc. purchased a new stake in Microchip Technology during the 4th quarter valued at $29,000. Reflection Asset Management bought a new stake in shares of Microchip Technology in the 4th quarter worth $33,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Microchip Technology in the 4th quarter worth $33,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Microchip Technology by 4,663.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Matthew W. Chapman sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $95.48, for a total transaction of $954,800.00. Following the sale, the director directly owned 20,665 shares of the company’s stock, valued at approximately $1,973,094.20. This represents a 32.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Richard J. Simoncic sold 5,000 shares of Microchip Technology stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $97.52, for a total transaction of $487,600.00. Following the completion of the transaction, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at $12,727,140.16. This trade represents a 3.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 553,302 shares of company stock worth $49,673,635 in the last 90 days. 1.79% of the stock is owned by company insiders.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, May 22nd. Microchip Technology’s payout ratio is currently 866.67%.

More Microchip Technology News

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

• Positive Sentiment: KeyCorp raised long-term earnings expectations for Microchip Technology, forecasting FY2027 EPS of $3.00 and FY2028 EPS of $3.83, both above current consensus. This points to improving fundamentals and supports a more constructive outlook for NASDAQ:MCHP.
• Positive Sentiment: Recent coverage highlighted Microchip’s strong earnings surprise history and the potential to beat estimates again, reinforcing investor confidence ahead of the next report.
• Positive Sentiment: Another bullish note pointed to Microchip’s 35.3% year-to-date gain being driven by inventory recovery, stronger bookings, and AI data center demand, all of which may continue to support the stock.
• Neutral Sentiment: KeyCorp also provided quarterly estimates for FY2027 and FY2028 periods, but these updates were primarily forecast revisions rather than new company guidance or a major business announcement.

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.