Q1 Earnings Forecast for MCHP Issued By KeyCorp

Microchip Technology Incorporated (NASDAQ:MCHP) – Stock analysts at KeyCorp issued their Q1 2027 earnings estimates for Microchip Technology in a report issued on Monday, July 13th. KeyCorp analyst J. Vinh anticipates that the semiconductor company will post earnings per share of $0.60 for the quarter. The consensus estimate for Microchip Technology’s current full-year earnings is $2.66 per share. KeyCorp also issued estimates for Microchip Technology’s Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.81 EPS, Q4 2027 earnings at $0.86 EPS, FY2027 earnings at $3.00 EPS, Q3 2028 earnings at $0.93 EPS, Q4 2028 earnings at $0.99 EPS and FY2028 earnings at $3.83 EPS.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a net margin of 4.88% and a return on equity of 10.87%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Microchip Technology from $75.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Rosenblatt Securities increased their price objective on Microchip Technology from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $125.00 target price on shares of Microchip Technology in a research note on Wednesday, May 13th. Citigroup increased their price target on Microchip Technology from $91.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Microchip Technology from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $100.10.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $86.26 on Thursday. The company has a market capitalization of $46.84 billion, a P/E ratio of 410.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.74. The company’s 50-day moving average is $92.91 and its 200 day moving average is $80.35. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.09. Microchip Technology has a fifty-two week low of $48.52 and a fifty-two week high of $105.91.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.455 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.82 annualized dividend and a dividend yield of 2.1%. Microchip Technology’s dividend payout ratio is presently 866.67%.

Insiders Place Their Bets

In other news, Director Matthew W. Chapman sold 3,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $97.52, for a total transaction of $292,560.00. Following the completion of the transaction, the director owned 17,665 shares of the company’s stock, valued at approximately $1,722,690.80. The trade was a 14.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steve Sanghi sold 76,469 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the sale, the chief executive officer directly owned 9,385,834 shares in the company, valued at $878,326,345.72. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 553,302 shares of company stock worth $49,673,635. 1.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCHP. EFG International AG purchased a new stake in Microchip Technology during the fourth quarter valued at about $29,000. Miller Capital Partners Inc. purchased a new position in shares of Microchip Technology in the 4th quarter worth about $29,000. Reflection Asset Management bought a new position in shares of Microchip Technology during the 4th quarter valued at about $33,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Microchip Technology during the 4th quarter valued at about $33,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Microchip Technology by 4,663.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 524 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 513 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other 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.