Microchip Technology (NASDAQ:MCHP) Stock Gets Price Target Cut from Barclays

Posted by Stanley Muller on Nov 12th, 2026

Microchip Technology (NASDAQ:MCHP – Free Report) had its price objective lowered by Barclays from $105.00 to $90.00 in a research report released on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.

MCHP has been the topic of several other reports. Rosenblatt Securities reduced their price objective on Microchip Technology from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Citigroup reduced their target price on shares of Microchip Technology from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Truist Financial reduced their price objective on shares of Microchip Technology from $90.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 6th. KeyCorp decreased their price target on Microchip Technology from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, November 6th. Finally, Jefferies Financial Group lowered their target price on shares of Microchip Technology from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.18.

Get Our Latest Report on Microchip Technology

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $62.13 on Monday. Microchip Technology has a 1 year low of $48.52 and a 1 year high of $105.91. The firm’s 50-day moving average is $74.17 and its 200 day moving average is $79.20. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.24 and a quick ratio of 1.33. The stock has a market cap of $33.81 billion, a price-to-earnings ratio of 47.07, a PEG ratio of 0.43 and a beta of 1.84.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last released its earnings results on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. Microchip Technology had a net margin of 14.96% and a return on equity of 20.32%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 42.2% compared to the same quarter last year. Sell-side analysts anticipate that Microchip Technology will post 3.19 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be given a dividend of $0.4550 per share. The ex-dividend date is Monday, November 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 2.9%. Microchip Technology’s payout ratio is currently 137.88%.

Insider Activity at Microchip Technology

In other news, CFO James Bjornholt sold 4,112 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares in the company, valued at $2,152,118.36. This trade represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Microchip Technology

Large investors have recently added to or reduced their stakes in the business. Private Capital Advisors Inc. acquired a new stake in shares of Microchip Technology during the third quarter worth about $21,230,000. Viking Fund Management LLC purchased a new stake in shares of Microchip Technology during the 3rd quarter worth approximately $8,555,000. Junto Capital Management LP purchased a new stake in shares of Microchip Technology in the second quarter valued at about $38,537,000. Hsbc Holdings PLC lifted its holdings in Microchip Technology by 13.0% in the 1st quarter. Hsbc Holdings PLC now owns 1,160,129 shares of the semiconductor company’s stock valued at $74,649,000 after purchasing an additional 133,813 shares in the last quarter. Finally, LGT Fund Management Co Ltd. acquired a new position in Microchip Technology in the 1st quarter valued at $3,428,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

About Microchip Technology

(Get Free Report)

Microchip Technology is a semiconductor company that develops and supplies components and systems for embedded control and connected applications. Its products include microcontrollers, microprocessors, analog and power-management devices, field-programmable gate arrays, timing products, and connectivity and security solutions. The company’s products are used in a range of markets, including automotive, industrial, communications, data center, consumer, and aerospace and defense. Microchip also provides development tools, software, and technical support to help customers design and build electronic systems.