B. Riley Issues Positive Forecast for Microchip Technology (NASDAQ:MCHP) Stock Price

Microchip Technology (NASDAQ:MCHP) had its target price raised by research analysts at B. Riley from $85.00 to $95.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective would suggest a potential upside of 29.03% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Citigroup dropped their price objective on Microchip Technology from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Stifel Nicolaus set a $80.00 target price on Microchip Technology and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Cantor Fitzgerald upgraded Microchip Technology from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $65.00 to $85.00 in a research report on Tuesday, December 16th. Finally, Bank of America boosted their price objective on Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Microchip Technology has an average rating of “Moderate Buy” and an average price target of $78.57.

Microchip Technology Stock Down 2.1%

Shares of NASDAQ:MCHP traded down $1.59 during mid-day trading on Monday, hitting $73.63. 2,691,248 shares of the company traded hands, compared to its average volume of 9,361,884. The stock has a 50-day moving average price of $61.37 and a two-hundred day moving average price of $65.09. Microchip Technology has a 12-month low of $34.13 and a 12-month high of $77.20. The stock has a market cap of $39.79 billion, a P/E ratio of -163.59, a P/E/G ratio of 2.29 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.

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

Insider Activity

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Winnow Wealth LLC purchased a new position in Microchip Technology during the 3rd quarter valued at $25,000. Root Financial Partners LLC bought a new stake in shares of Microchip Technology during the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC increased its position in shares of 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 buying an additional 329 shares during the period. Quent Capital LLC bought a new position in Microchip Technology in the third quarter worth about $32,000. Finally, MCF Advisors LLC lifted its holdings in Microchip Technology by 211.2% in the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock worth $33,000 after buying an additional 321 shares during the period. 91.51% of the stock is owned by institutional investors.

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.