Microchip Technology (NASDAQ:MCHP) Price Target Raised to $90.00

Microchip Technology (NASDAQ:MCHP) had its price objective increased by Susquehanna from $75.00 to $90.00 in a research report sent to investors on Thursday morning,Benzinga reports. Susquehanna currently has a positive rating on the semiconductor company’s stock.

MCHP has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price target on Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a research report on Wednesday, December 3rd. B. Riley upped their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Wells Fargo & Company raised their price target on shares of Microchip Technology from $58.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Mizuho boosted their price objective on shares of Microchip Technology from $80.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $80.82.

Microchip Technology Stock Down 1.0%

Shares of Microchip Technology stock opened at $74.71 on Thursday. Microchip Technology has a twelve month low of $34.13 and a twelve month high of $79.50. The stock has a market cap of $40.38 billion, a price-to-earnings ratio of -166.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.46. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average price of $64.84 and a 200 day moving average price of $65.32.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping 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 company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities 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 declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is presently -404.44%.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the completion of the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Winnow Wealth LLC bought a new stake in shares of Microchip Technology in the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in Microchip Technology in the third quarter worth $28,000. Salomon & Ludwin LLC increased its stake in Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 329 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Microchip Technology during the third quarter worth $32,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Microchip Technology by 106.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. 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: Susquehanna raised its price target from $75 to $90 and reiterated a “positive” rating, signaling roughly ~20% upside vs. the recent price and implying stronger medium‑term revenue/margin expectations. Susquehanna raises PT
• Positive Sentiment: BNP Paribas Exane upgraded Microchip from “neutral” to “outperform” and set a $90 price target, citing firmer demand for analog upgrades across end markets (contributes to structural tailwinds for Microchip’s analog and mixed‑signal product lines). BNP Paribas analog demand note
• Positive Sentiment: Exane BNP Paribas upgraded Microchip from “hold” to “strong‑buy,” reflecting dealer confidence that cyclical recovery in analog and embedded demand will benefit Microchip sooner than feared. Exane BNP Paribas upgrade
• Positive Sentiment: Bank of America raised its price target to $78, a modest increase that still signals near‑term upside and gives more institutional support to the stock after recent earnings/guidance. BofA raises PT to $78
• Neutral Sentiment: Zacks published a broader thematic piece highlighting technology names with favorable Earnings ESP; Microchip is included as a candidate to watch but this is a general screen rather than new company‑specific disclosure. Zacks feature

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.