What is KeyCorp’s Forecast for MCHP Q1 Earnings?

Microchip Technology Incorporated (NASDAQ:MCHP) – Equities researchers at KeyCorp issued their Q1 2028 earnings estimates for Microchip Technology in a report released on Monday, July 13th. KeyCorp analyst J. Vinh expects that the semiconductor company will earn $0.91 per share 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 2028 earnings at $1.01 EPS.

Other research analysts have also issued reports about the stock. UBS Group reissued a “buy” rating on shares of Microchip Technology in a research note on Tuesday, June 2nd. Wells Fargo & Company boosted their target price on Microchip Technology from $75.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen raised Microchip Technology from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $125.00 price objective on shares of Microchip Technology in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.10.

Microchip Technology Stock Down 0.9%

Shares of NASDAQ MCHP opened at $80.96 on Friday. Microchip Technology has a 12-month low of $48.52 and a 12-month high of $105.91. The stock has a market cap of $43.96 billion, a PE 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 company has a 50-day moving average of $92.15 and a 200 day moving average of $80.47.

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

Microchip Technology Announces Dividend

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

Insider Activity

In other news, CEO Steve Sanghi sold 76,469 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the sale, the chief executive officer owned 9,385,834 shares in the company, valued at $878,326,345.72. This trade represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO James Eric Bjornholt sold 3,667 shares of Microchip Technology stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $90.87, for a total transaction of $333,220.29. Following the sale, the chief financial officer directly owned 28,573 shares in the company, valued at approximately $2,596,428.51. The trade was a 11.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 553,302 shares of company stock worth $49,673,635. Corporate insiders own 1.79% of the company’s stock.

Institutional Investors Weigh In On Microchip Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EFG International AG purchased a new position in shares of Microchip Technology during the 4th quarter worth $29,000. Miller Capital Partners Inc. purchased a new stake in Microchip Technology in the 4th quarter valued at about $29,000. Reflection Asset Management purchased a new stake in Microchip Technology in the 4th quarter valued at about $33,000. Garton & Associates Financial Advisors LLC acquired a new position in Microchip Technology in the fourth quarter valued at about $33,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in 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 valued at $33,000 after buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology News Summary

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.