Microchip Technology (NASDAQ:MCHP) Stock Price Target Lowered at Susquehanna

Microchip Technology (NASDAQ:MCHP) had its price target lowered by Susquehanna from $120.00 to $100.00 in a research report report published on Friday,Benzinga reports. The firm currently has a positive rating on the semiconductor company’s stock.

MCHP has been the subject of a number of other reports. Weiss Ratings raised Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Rosenblatt Securities reduced their price objective on Microchip Technology from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday. Wells Fargo & Company decreased their target price on Microchip Technology from $88.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. Finally, TD Cowen lowered their target price on Microchip Technology from $90.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, October 19th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.64.

Microchip Technology Stock Down 10.0%

Microchip Technology stock traded down $6.50 during midday trading on Friday, hitting $58.35. 47,392,436 shares of the stock were exchanged, compared to its average volume of 10,941,434. Microchip Technology has a 52-week low of $48.52 and a 52-week high of $105.91. The stock has a market capitalization of $31.68 billion, a price-to-earnings ratio of 44.20, a price-to-earnings-growth ratio of 0.52 and a beta of 1.84. The business’s 50-day moving average price is $74.85 and its 200-day moving average price is $79.41. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. Microchip Technology had a net margin of 9.34% and a return on equity of 14.97%. The company’s revenue for the quarter was up 42.2% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, research analysts expect that Microchip Technology will post 3.20 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be paid a $0.4550 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.82 annualized dividend and a yield of 3.1%. Microchip Technology’s dividend payout ratio is presently 271.64%.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Bjornholt sold 4,112 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 28,573 shares of the company’s stock, 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 filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its holdings in Microchip Technology by 2.9% in the 2nd quarter. State Street Corp now owns 28,851,673 shares of the semiconductor company’s stock worth $2,631,273,000 after acquiring an additional 821,147 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Microchip Technology by 18.3% during the second quarter. Van ECK Associates Corp now owns 8,224,808 shares of the semiconductor company’s stock valued at $750,102,000 after purchasing an additional 1,272,838 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Microchip Technology during the second quarter worth about $537,423,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Microchip Technology by 23.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,060,528 shares of the semiconductor company’s stock worth $461,520,000 after purchasing an additional 962,362 shares during the period. Finally, Pictet Asset Management Holding SA increased its stake in shares of Microchip Technology by 30.7% in the third quarter. Pictet Asset Management Holding SA now owns 4,881,363 shares of the semiconductor company’s stock worth $379,661,000 after purchasing an additional 1,145,500 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Key Microchip Technology News

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

• Positive Sentiment: Fiscal Q2 EPS was $0.97 versus the $0.94 consensus, while revenue of $1.62 billion topped estimates and rose 42.2% year over year. Reports cited recovering industrial and data-center demand and improving margins as growth drivers. Zacks earnings report
• Positive Sentiment: Microchip declared a quarterly dividend of $0.455 per share, equivalent to $1.82 annually and a reported yield of about 3.2%. The dividend may appeal to income-focused investors.
• Neutral Sentiment: Several analysts still rate MCHP Buy or Overweight, and their revised targets remain above the cited $58.35 share price. However, the target reductions signal more cautious expectations.
• Negative Sentiment: Management’s fiscal Q3 outlook is a key concern: revenue is forecast to range from 3% below to 1% above Q2, with non-GAAP EPS of $0.87–$0.95. The midpoint was reported below consensus; supply constraints and rising costs could limit near-term growth. Benzinga analyst coverage
• Negative Sentiment: Analysts cut targets after the results, including Truist to $62 from $90 and Evercore ISI to $75 from $117. Citigroup lowered its target to $75 from $95 but kept a Buy rating; the broader reset in expectations may pressure shares despite generally higher remaining targets. Truist analyst recommendations Evercore ISI target update

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