Microchip Technology (NASDAQ:MCHP) Price Target Raised to $77.00

Microchip Technology (NASDAQ:MCHP) had its price objective raised by Needham & Company LLC from $75.00 to $77.00 in a research note published on Tuesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages have also issued reports on MCHP. Truist Financial reiterated a “hold” rating and issued a $60.00 price target (down previously from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. Cantor Fitzgerald upgraded shares of Microchip Technology from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $65.00 to $85.00 in a report on Tuesday, December 16th. Stifel Nicolaus lowered their target price on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Susquehanna reduced their price objective on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Finally, Citigroup lowered their price target on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.71.

Microchip Technology Trading Down 0.6%

NASDAQ MCHP opened at $73.53 on Tuesday. The stock’s 50 day moving average is $61.12 and its 200 day moving average is $65.13. The firm has a market capitalization of $39.74 billion, a PE ratio of -163.40, a P/E/G ratio of 2.30 and a beta of 1.46. The company has a quick ratio of 1.20, a current ratio of 2.25 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 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. Research analysts forecast that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is presently -404.44%.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were 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 in the company, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Microchip Technology

Several institutional investors and hedge funds have recently bought and sold shares of MCHP. Winnow Wealth LLC purchased a new position in shares of Microchip Technology during the third quarter worth $25,000. Root Financial Partners LLC purchased a new position in Microchip Technology during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC increased 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 valued at $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC acquired a new position in Microchip Technology in the third quarter valued at $32,000. Finally, MCF Advisors LLC raised its stake in Microchip Technology by 211.2% during the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 321 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Key Microchip Technology News

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

• Positive Sentiment: Management raised Q4 sales guidance, citing a broader demand recovery — the guidance bump was a primary catalyst for the recent sharp rally. Article Title
• Positive Sentiment: Company signaled it exceeded net‑sales guidance and reiterated a brighter outlook, which helped drive multi‑day gains. Article Title
• Positive Sentiment: Strategic product win: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — strengthens positioning in AI / high‑performance compute customers. Article Title
• Positive Sentiment: Multiple brokerages issued bullish takes or forecast strong price appreciation (Needham, JPMorgan, Morgan Stanley, Rosenblatt, B. Riley), supporting momentum and investor interest. Needham Coverage Rosenblatt Coverage
• Neutral Sentiment: Stock experienced large intraday volume and rapid gains (double‑digit moves in recent sessions); technical momentum metrics (RS rating) have jumped — this increases volatility and short‑term trading risk. Zacks MSN
• Negative Sentiment: Some analysts remain cautious — Wells Fargo kept an equal‑weight (hold) rating even after lifting its price target, which signals limited near‑term upside and helps explain profit‑taking. Wells Fargo Price Target Note
• Negative Sentiment: Traders have flagged a risk of a pullback after the rapid run; heightened short‑term profit‑taking and rotation into other names can push the shares lower in the near term. TipRanks

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.