Morgan Stanley Raises Microchip Technology (NASDAQ:MCHP) Price Target to $69.00

Microchip Technology (NASDAQ:MCHP) had its price objective upped by equities researchers at Morgan Stanley from $68.00 to $69.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective indicates a potential downside of 6.21% from the company’s current price.

Several other research firms have also weighed in on MCHP. Wells Fargo & Company reduced their price objective on Microchip Technology from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Rosenblatt Securities restated a “buy” rating and issued a $80.00 price target on shares of Microchip Technology in a report on Tuesday. Susquehanna reduced their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Wolfe Research set a $85.00 price objective on shares of Microchip Technology in a research note on Tuesday. Finally, KeyCorp reissued an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.85.

Microchip Technology Trading Up 9.7%

MCHP stock traded up $6.51 on Tuesday, hitting $73.57. 5,762,532 shares of the company were exchanged, compared to its average volume of 7,171,954. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The stock has a market capitalization of $39.76 billion, a price-to-earnings ratio of -163.06, a price-to-earnings-growth ratio of 2.03 and a beta of 1.46. Microchip Technology has a twelve month low of $34.13 and a twelve month high of $77.20. The business’s fifty day moving average is $60.44 and its two-hundred day moving average is $64.96.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.14 billion during 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 business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, research analysts forecast that Microchip Technology will post 1.03 earnings per share for the current year.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction 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 directly owned 30,089 shares in the company, valued at approximately $1,516,184.71. This represents a 12.48% 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 this link. Insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Microchip Technology

A number of institutional investors have recently added to or reduced their stakes in MCHP. Norges Bank acquired a new stake in shares of Microchip Technology during the second quarter valued at about $473,320,000. Dodge & Cox boosted its holdings in Microchip Technology by 958.4% in the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock valued at $446,132,000 after purchasing an additional 5,740,827 shares during the last quarter. Boston Partners boosted its holdings in Microchip Technology by 38.2% in the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after purchasing an additional 4,101,034 shares during the last quarter. State Street Corp grew its stake in Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock valued at $2,244,016,000 after purchasing an additional 2,489,258 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Microchip Technology by 25.7% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock worth $709,506,000 after purchasing an additional 2,257,932 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology News Summary

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

• Positive Sentiment: Company business update: Microchip now expects Q3 net sales of about $1,185 million, well above its prior guidance range, citing strong bookings and recovery across end markets. This is the primary catalyst for the rally. GlobeNewswire — Business Update
• Positive Sentiment: Media and wire coverage highlight the outlook raise and strong bookings, with reports noting the stock jumped in after-hours trading after the update. That momentum carried into today as investors reprice growth expectations. Reuters — Q3 Revenue Forecast
• Positive Sentiment: Broker actions: Rosenblatt reaffirmed a “buy” and set a $80 price target; Needham raised its target from $75 to $77 and keeps a “buy” rating — analyst support and higher targets add upside expectations. Benzinga — Analyst Notes
• Positive Sentiment: Additional coverage: Benzinga and Yahoo headlines summarize the stronger outlook and bookings, reinforcing the narrative that demand/backlog are improving into the March quarter. Benzinga — Raises Outlook Again
• Neutral Sentiment: Valuation and longer-term context: recent analyst commentary and valuation pieces note mixed signals—earnings have been pressured year-over-year even as bookings improve—so investors should weigh near-term revenue beats against longer-term profitability trends. Yahoo Finance — Valuation Assessment

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.