Microchip Technology (NASDAQ:MCHP) Given New $83.00 Price Target at Mizuho

Microchip Technology (NASDAQ:MCHP) had its price objective raised by research analysts at Mizuho from $80.00 to $83.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price objective indicates a potential upside of 10.26% from the company’s current price.

Several other analysts have also weighed in on the company. Stifel Nicolaus set a $80.00 price objective on shares of Microchip Technology and gave the stock a “buy” rating in a report on Tuesday. Truist Financial reaffirmed a “hold” rating and set a $60.00 price objective (down previously from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Needham & Company LLC upped their target price on Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price objective on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.62.

Microchip Technology Price Performance

Microchip Technology stock traded up $1.75 during mid-day trading on Friday, hitting $75.28. 3,274,877 shares of the company were exchanged, compared to its average volume of 9,507,248. The company has a market capitalization of $40.68 billion, a P/E ratio of -167.11, a PEG ratio of 2.30 and a beta of 1.46. The business’s 50 day simple moving average is $61.12 and its two-hundred day simple moving average is $65.13. Microchip Technology has a 12-month low of $34.13 and a 12-month 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.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (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 negative net margin of 4.39% and a positive return on equity of 5.21%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Analysts forecast that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In related 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 value of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.94% of the stock is owned by corporate insiders.

Institutional Trading of Microchip Technology

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

Microchip Technology News Roundup

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

• Positive Sentiment: Company raised Q4 sales guidance citing a broader demand recovery, prompting an immediate rally in the stock as investors reprice near-term revenue trajectory. Microchip Technology (MCHP) Is Up 16.0% After Raising Q4 Sales Guidance On Broader Demand Recovery
• Positive Sentiment: Multiple brokerages issued bullish notes or upgrades (Rosenblatt, B. Riley, Needham, JPMorgan, Morgan Stanley) or raised targets, lifting sentiment and triggering analyst-driven buying. These calls contribute to momentum and higher short-term valuations. Microchip Technology (NASDAQ:MCHP) Earns Buy Rating from Rosenblatt Securities Microchip (MCHP) Gets a Buy from B. Riley Securities
• Positive Sentiment: Product/partnership news: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — a strategic win that strengthens ties to high-growth AI hardware demand. Microchip Releases Custom Firmware For NVIDIA DGX Spark For Its MEC1723 Embedded Controllers
• Positive Sentiment: Momentum indicators and retail/institutional attention: the stock has seen a sharp intraday spike and RS rating improvement, reflecting technical strength that can attract momentum traders and algorithmic buying. Microchip Technology Stock (MCHP) Spikes 15% as Traders Fear Pullback Stocks to watch: Microchip Technology sees RS rating jump to 87
• Neutral Sentiment: Wells Fargo kept a Hold rating while adjusting its price target (reporting shows a boost to $68), indicating some analysts remain cautious despite improving fundamentals — this can cap upside until conviction widens. Wells Fargo & Company Boosts Microchip Technology (NASDAQ:MCHP) Price Target to $68.00 Wells Fargo Sticks to Their Hold Rating for Microchip (MCHP)

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.