Cantor Fitzgerald Lowers Microchip Technology (NASDAQ:MCHP) Price Target to $65.00

Microchip Technology (NASDAQ:MCHP) had its price target cut by Cantor Fitzgerald from $70.00 to $65.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 15.49% from the company’s current price. Cantor Fitzgerald also issued estimates for Microchip Technology’s FY2026 earnings at $1.15 EPS.

Several other equities research analysts also recently weighed in on the company. Susquehanna reduced their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday. Raymond James Financial upped their price objective on Microchip Technology from $65.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Friday, August 8th. TD Cowen decreased their target price on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Friday. Needham & Company LLC lowered their target price on shares of Microchip Technology from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology Trading Down 5.2%

Shares of MCHP opened at $56.28 on Friday. The company’s fifty day simple moving average is $64.24 and its 200-day simple moving average is $64.25. The company has a market cap of $30.37 billion, a P/E ratio of -165.53, a P/E/G ratio of 1.79 and a beta of 1.57. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. Microchip Technology has a twelve month low of $34.13 and a twelve month high of $77.20.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s 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. As a group, analysts expect that Microchip Technology will post 1.03 EPS for the current year.

Insider Activity

In other news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the sale, the chief financial officer directly owned 30,010 shares in the company, valued at approximately $2,062,287.20. This trade represents a 19.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew W. Chapman sold 10,000 shares of Microchip Technology stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The SEC filing for this sale provides additional information. 1.94% of the stock is owned by insiders.

Institutional Investors Weigh In On Microchip Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of MCHP. Orbis Allan Gray Ltd acquired a new position in shares of Microchip Technology during the first quarter worth $369,612,000. Norges Bank purchased a new position in Microchip Technology during the 2nd quarter worth $473,320,000. Invesco Ltd. grew its stake in Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after buying an additional 6,459,123 shares during the last quarter. Dodge & Cox increased its position in Microchip Technology by 958.4% during the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after buying an additional 5,740,827 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Microchip Technology by 138.9% in the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock valued at $427,681,000 after buying an additional 5,136,154 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Company Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.