Microchip Technology (NASDAQ:MCHP) Upgraded at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Microchip Technology (NASDAQ:MCHP) from a neutral rating to an outperform rating in a report published on Thursday, MarketBeat reports. They currently have $90.00 target price on the semiconductor company’s stock.

A number of other equities analysts have also issued reports on the company. Wells Fargo & Company upped their target price on Microchip Technology from $58.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Bank of America increased their price objective on shares of Microchip Technology from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley boosted their target price on shares of Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Mizuho increased their price target on shares of Microchip Technology from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.82.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $74.71 on Thursday. The firm has a 50-day moving average of $64.84 and a two-hundred day moving average of $65.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The stock has a market cap of $40.38 billion, a P/E ratio of -166.02, a PEG ratio of 2.20 and a beta of 1.46. Microchip Technology has a 1-year low of $34.13 and a 1-year high of $79.50.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, research analysts expect that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a dividend of $0.455 per share. The ex-dividend date was Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 2.4%. Microchip Technology’s dividend payout ratio is -404.44%.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction that occurred on 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 $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.94% of the stock is currently owned by insiders.

Institutional Trading of Microchip Technology

Hedge funds have recently made changes to their positions in the stock. Parsons Capital Management Inc. RI acquired a new stake in Microchip Technology in the 2nd quarter worth approximately $280,000. Mizuho Markets Cayman LP bought a new position in shares of Microchip Technology in the second quarter valued at approximately $107,584,000. Boston Partners raised its position in shares of Microchip Technology by 38.0% in the second quarter. Boston Partners now owns 14,802,525 shares of the semiconductor company’s stock valued at $1,040,114,000 after purchasing an additional 4,076,112 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Microchip Technology by 498.0% in the third quarter. Assenagon Asset Management S.A. now owns 2,034,797 shares of the semiconductor company’s stock worth $130,675,000 after buying an additional 1,694,533 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Microchip Technology by 37.2% during the 3rd quarter. Voya Investment Management LLC now owns 3,361,581 shares of the semiconductor company’s stock worth $215,881,000 after buying an additional 911,731 shares during the period. Institutional investors own 91.51% of the company’s stock.

Trending Headlines about Microchip Technology

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

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.