Microchip Technology (NASDAQ:MCHP) Given New $120.00 Price Target at Susquehanna

Posted by Nicole Kennedy on May 9th, 2026

Microchip Technology (NASDAQ:MCHP – Free Report) had its price objective increased by Susquehanna from $95.00 to $120.00 in a report released on Friday morning,Benzinga reports. They currently have a positive rating on the semiconductor company’s stock.

Several other brokerages have also recently weighed in on MCHP. Truist Financial lifted their price objective on Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a report on Friday, February 6th. B. Riley Financial increased their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 12th. JPMorgan Chase & Co. boosted their price target on Microchip Technology from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Bank of America raised shares of Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, January 28th. Finally, Cantor Fitzgerald increased their price objective on shares of Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Microchip Technology has a consensus rating of “Moderate Buy” and an average target price of $95.35.

Check Out Our Latest Research Report on MCHP

Microchip Technology Stock Performance

Shares of NASDAQ:MCHP opened at $99.09 on Friday. The company’s 50 day moving average price is $73.27 and its two-hundred day moving average price is $69.20. Microchip Technology has a 12-month low of $48.52 and a 12-month high of $105.91. The firm has a market cap of $53.62 billion, a PE ratio of 471.88, a PEG ratio of 1.36 and a beta of 1.75. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.76%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Equities research analysts predict that Microchip Technology will post 2.14 earnings per share for the current year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.8%. Microchip Technology’s payout ratio is 866.67%.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 76,469 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $93.58, for a total value of $7,155,969.02. Following the sale, the chief executive officer directly owned 9,385,834 shares of the company’s stock, valued at $878,326,345.72. This trade represents a 0.81% 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. In the last ninety days, insiders sold 526,552 shares of company stock worth $47,130,465. 1.94% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Microchip Technology in the 4th quarter valued at approximately $664,564,000. Barclays PLC increased its position in Microchip Technology by 66.5% during the 4th quarter. Barclays PLC now owns 13,996,883 shares of the semiconductor company’s stock worth $891,881,000 after purchasing an additional 5,590,210 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Microchip Technology by 25.7% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock valued at $709,506,000 after purchasing an additional 2,257,932 shares during the last quarter. Holocene Advisors LP lifted its stake in Microchip Technology by 77.0% in the 3rd quarter. Holocene Advisors LP now owns 4,709,538 shares of the semiconductor company’s stock valued at $302,447,000 after purchasing an additional 2,049,249 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its position in Microchip Technology by 41.0% in the second quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock valued at $436,559,000 after buying an additional 1,803,945 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology News Summary

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

Positive Sentiment: Microchip delivered stronger-than-expected fiscal Q4 results, with earnings and revenue topping estimates and bookings improving, which supports the case for a recovery in demand. MCHP Q4 Earnings Top Estimates, Broad-Based Demand Recovery Aids Sales
Positive Sentiment: Analysts quickly turned more constructive after the report, with multiple firms raising price targets to $113-$120 and several reiterating buy/overweight-type ratings, signaling increased confidence in earnings momentum. Analysts Boost Their Forecasts Following Upbeat Q4 Results
Positive Sentiment: Citigroup, JPMorgan, Susquehanna, Needham, Rosenblatt and others lifted targets, reinforcing the view that Microchip’s recovery is broadening and that shares may still have room to run. Tickerreport.com
Positive Sentiment: The company also increased its quarterly dividend to 45.5 cents per share, which may appeal to income-focused investors and reflects confidence in cash generation. Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share

Microchip Technology Company Profile

(Get Free Report)

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.