Microchip Technology (NASDAQ:MCHP) Upgraded to “Strong-Buy” at Exane BNP Paribas

Microchip Technology (NASDAQ:MCHP) was upgraded by investment analysts at Exane BNP Paribas from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research analysts also recently commented on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. Mizuho boosted their price objective on Microchip Technology from $80.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Microchip Technology from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Finally, Cantor Fitzgerald upgraded Microchip Technology from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $65.00 to $85.00 in a research note on Tuesday, December 16th. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.82.

Microchip Technology Price Performance

Shares of MCHP opened at $75.47 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The firm has a market cap of $40.79 billion, a PE ratio of -167.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.46. The business’s 50 day moving average price is $64.41 and its two-hundred day moving average price is $65.36. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $79.50.

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

Several institutional investors have recently bought and sold shares of MCHP. Winnow Wealth LLC bought a new stake in shares of Microchip Technology in the 3rd quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in shares of Microchip Technology during the third quarter valued at approximately $28,000. Salomon & Ludwin LLC increased its position 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 buying an additional 329 shares in the last quarter. Quent Capital LLC purchased a new position in Microchip Technology during the third quarter valued at $32,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in Microchip Technology by 106.8% in the 3rd 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 in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Microchip Technology News

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

• Positive Sentiment: BNP Paribas highlights rising demand for analog upgrades and upgraded Microchip to outperform, citing stronger analog opportunities that benefit TI, onsemi and Microchip — a catalyst for multiple firms to raise targets. BNP Paribas eyes stronger demand for analog; upgrades Texas Instruments, Onsemi, Microchip
• Positive Sentiment: Susquehanna raised its price target on MCHP from $75 to $90 and moved to a “positive” rating — implying ~19% upside from current levels and signaling conviction in revenue/earnings improvement. Susquehanna raises MCHP price target to $90
• Positive Sentiment: BNP Paribas Exane upgraded Microchip from “neutral” to “outperform” and set a $90 target, reinforcing the view that analog/mixed-signal demand should help near-term recovery. BNP Paribas Exane upgrade to outperform
• Positive Sentiment: Zacks publishes a bullish note arguing Microchip may be well positioned for a surge, citing solid earnings estimate revisions — supportive for momentum and analyst sentiment. Why Microchip Tech (MCHP) Might be Well Poised for a Surge
• Positive Sentiment: Microchip launched a 600V gate-driver family for high‑voltage power-management applications — a product expansion that can deepen the company’s addressable market in industrial and EV-related power designs. Microchip Introduces 600V Gate Driver Family
• Neutral Sentiment: Bank of America nudged its price target up from $72 to $78 but kept a “neutral” rating, a modest lift that suggests caution remains among some large brokerages. BofA raises MCHP target to $78 (neutral)

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.