Microchip Technology Incorporated (NASDAQ:MCHP) Receives $86.00 Average PT from Analysts

Shares of Microchip Technology Incorporated (NASDAQ:MCHP) have been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fifteen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $86.00.

Several research analysts recently commented on MCHP shares. Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Wednesday, January 28th. Mizuho increased their price target on Microchip Technology from $83.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Morgan Stanley increased their price target on Microchip Technology from $68.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Rosenblatt Securities increased their price target on Microchip Technology from $80.00 to $115.00 and gave the company a “buy” rating in a report on Friday, February 6th. Finally, Weiss Ratings lowered Microchip Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th.

Microchip Technology Stock Up 2.5%

NASDAQ MCHP opened at $78.76 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The company has a market capitalization of $42.62 billion, a P/E ratio of -271.59, a P/E/G ratio of 1.03 and a beta of 1.49. Microchip Technology has a one year low of $37.41 and a one year high of $83.35. The stock has a 50 day moving average price of $70.32 and a 200-day moving average price of $67.07.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, February 5th. The semiconductor company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, equities analysts predict that Microchip Technology will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, February 23rd. Microchip Technology’s dividend payout ratio is presently -627.59%.

Insiders Place Their Bets

In related news, CEO Steve Sanghi sold 98,814 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the sale, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Institutional Trading of Microchip Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Winnow Wealth LLC purchased a new stake in Microchip Technology during the 3rd quarter valued at $25,000. Root Financial Partners LLC bought a new position in Microchip Technology in the 3rd quarter valued at $28,000. EFG International AG bought a new position in Microchip Technology in the 4th quarter valued at $29,000. Miller Capital Partners Inc. bought a new position in Microchip Technology in the 4th quarter valued at $29,000. Finally, Salomon & Ludwin LLC grew its position in 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 last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Company Profile

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.