Analysts Set Microchip Technology Incorporated (NASDAQ:MCHP) PT at $76.00

Microchip Technology Incorporated (NASDAQ:MCHP) has earned a consensus rating of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $77.7143.

MCHP has been the subject of a number of recent research reports. Stifel Nicolaus set a $80.00 price target on shares of Microchip Technology and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley raised their target price on shares of Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday. Bank of America boosted their target price on shares of Microchip Technology from $67.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Wolfe Research set a $85.00 price target on Microchip Technology in a research report on Tuesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a report on Tuesday.

Microchip Technology News Summary

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

• Positive Sentiment: Management raised Q4 sales guidance, citing a broader demand recovery — the guidance bump was a primary catalyst for the recent sharp rally. Article Title
• Positive Sentiment: Company signaled it exceeded net‑sales guidance and reiterated a brighter outlook, which helped drive multi‑day gains. Article Title
• Positive Sentiment: Strategic product win: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — strengthens positioning in AI / high‑performance compute customers. Article Title
• Positive Sentiment: Multiple brokerages issued bullish takes or forecast strong price appreciation (Needham, JPMorgan, Morgan Stanley, Rosenblatt, B. Riley), supporting momentum and investor interest. Needham Coverage Rosenblatt Coverage
• Neutral Sentiment: Stock experienced large intraday volume and rapid gains (double‑digit moves in recent sessions); technical momentum metrics (RS rating) have jumped — this increases volatility and short‑term trading risk. Zacks MSN
• Negative Sentiment: Some analysts remain cautious — Wells Fargo kept an equal‑weight (hold) rating even after lifting its price target, which signals limited near‑term upside and helps explain profit‑taking. Wells Fargo Price Target Note
• Negative Sentiment: Traders have flagged a risk of a pullback after the rapid run; heightened short‑term profit‑taking and rotation into other names can push the shares lower in the near term. TipRanks

Microchip Technology Stock Performance

Shares of MCHP stock opened at $73.53 on Friday. The business has a fifty day moving average of $61.12 and a 200 day moving average of $65.13. Microchip Technology has a 1 year low of $34.13 and a 1 year high of $77.20. 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 firm has a market capitalization of $39.74 billion, a price-to-earnings ratio of -163.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating 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 business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The company’s 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. As a group, research analysts expect that Microchip Technology will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a $0.455 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 dividend on an annualized basis and a yield of 2.5%. Microchip Technology’s payout ratio is presently -404.44%.

Insider Buying and Selling

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Microchip Technology

Several large investors have recently made changes to their positions in MCHP. Winnow Wealth LLC purchased a new position in Microchip Technology in the third quarter valued at $25,000. Root Financial Partners LLC acquired a new stake in shares of Microchip Technology during the 3rd quarter valued at about $28,000. MCF Advisors LLC increased its stake in shares of Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares during the period. Finally, Quent Capital LLC purchased a new position in Microchip Technology during the third quarter worth approximately $32,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.