Research Analysts Issue Forecasts for MCHP Q1 Earnings

Microchip Technology Incorporated (NASDAQ:MCHP) – Analysts at KeyCorp issued their Q1 2028 earnings per share (EPS) estimates for shares of Microchip Technology in a research note issued to investors on Monday, July 13th. KeyCorp analyst J. Vinh expects that the semiconductor company will post earnings per share of $0.91 for the quarter. The consensus estimate for Microchip Technology’s current full-year earnings is $2.69 per share. KeyCorp also issued estimates for Microchip Technology’s Q2 2028 earnings at $1.01 EPS.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The company had revenue of $1.31 billion for 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 for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS.

Other equities research analysts also recently issued research reports about the company. Zacks Research upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Truist Financial raised their target price on shares of Microchip Technology from $69.00 to $105.00 and gave the company a “hold” rating in a report on Friday, May 8th. UBS Group reissued a “buy” rating on shares of Microchip Technology in a research report on Tuesday, June 2nd. Susquehanna boosted their target price on shares of Microchip Technology from $95.00 to $120.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on Microchip Technology from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.10.

Microchip Technology Stock Performance

Shares of MCHP stock opened at $81.68 on Friday. The firm has a 50 day moving average of $92.51 and a two-hundred day moving average of $80.47. The stock has a market capitalization of $44.35 billion, a PE ratio of 388.97, a P/E/G ratio of 0.87 and a beta of 1.74. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. Microchip Technology has a 52 week low of $48.52 and a 52 week high of $105.91.

Institutional Trading of Microchip Technology

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

Insider Transactions at Microchip Technology

In other news, 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 transaction, the chief executive officer directly owned 9,385,834 shares in the company, valued at approximately $878,326,345.72. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Richard J. Simoncic sold 5,000 shares of Microchip Technology stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total transaction of $487,600.00. Following the completion of the transaction, the chief operating officer directly owned 130,508 shares in the company, valued at $12,727,140.16. The trade was a 3.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 553,302 shares of company stock valued at $49,673,635 over the last ninety days. 1.79% of the stock is owned by insiders.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.82 annualized dividend and a yield of 2.2%. Microchip Technology’s payout ratio is 866.67%.

Trending Headlines about Microchip Technology

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

• Positive Sentiment: Several reports highlighted that Microchip Technology (MCHP) could beat earnings estimates again, pointing to the company’s strong history of earnings surprises and improving conditions. Why Microchip Tech (MCHP) Could Beat Earnings Estimates Again
• Positive Sentiment: Analysts at KeyCorp raised expectations for future profitability, with estimates above current consensus for FY2027 and FY2028, reinforcing optimism around Microchip’s longer-term earnings power. Microchip Technology stock research coverage
• Positive Sentiment: A separate Zacks note said MCHP may have more room to rise because of inventory recovery, stronger bookings, and AI data center demand. Microchip Jumps 35% YTD: Is There More Room for the Stock to Rise?

About Microchip Technology

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.