Microchip Technology (NASDAQ:MCHP) Price Target Raised to $85.00

Microchip Technology (NASDAQ:MCHP) had its price objective boosted by JPMorgan Chase & Co. from $77.00 to $85.00 in a research note released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.

MCHP has been the subject of a number of other reports. Morgan Stanley boosted their price objective on Microchip Technology from $68.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday. Susquehanna lowered their price target on shares of Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a report on Friday, November 7th. Bank of America increased their price objective on shares of Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citigroup decreased their price objective on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Rosenblatt Securities restated a “buy” rating and set a $80.00 target price on shares of Microchip Technology in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.71.

Microchip Technology Trading Down 0.6%

Shares of MCHP stock opened at $73.53 on Tuesday. 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 company has a market cap of $39.74 billion, a price-to-earnings ratio of -163.40, a PEG ratio of 2.30 and a beta of 1.46. Microchip Technology has a 1 year low of $34.13 and a 1 year high of $77.20. The firm has a fifty day moving average price of $61.12 and a 200-day moving average price of $65.13.

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

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, November 24th were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, November 24th. Microchip Technology’s payout ratio is currently -404.44%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Microchip Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Winnow Wealth LLC purchased a new position in Microchip Technology during the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in shares of Microchip Technology during the 3rd quarter valued at approximately $28,000. Salomon & Ludwin LLC grew its holdings in shares of Microchip Technology by 219.3% in the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC bought a new stake in Microchip Technology in the third quarter worth $32,000. Finally, MCF Advisors LLC increased its position 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 purchasing an additional 321 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Key Headlines Impacting Microchip Technology

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

• Positive Sentiment: Management raised Q4 sales guidance, citing a broader demand recovery — the guidance bump was a primary catalyst for the recent sharp rally. Article Title
• Positive Sentiment: Company signaled it exceeded net‑sales guidance and reiterated a brighter outlook, which helped drive multi‑day gains. Article Title
• Positive Sentiment: Strategic product win: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — strengthens positioning in AI / high‑performance compute customers. Article Title
• Positive Sentiment: Multiple brokerages issued bullish takes or forecast strong price appreciation (Needham, JPMorgan, Morgan Stanley, Rosenblatt, B. Riley), supporting momentum and investor interest. Needham Coverage Rosenblatt Coverage
• Neutral Sentiment: Stock experienced large intraday volume and rapid gains (double‑digit moves in recent sessions); technical momentum metrics (RS rating) have jumped — this increases volatility and short‑term trading risk. Zacks MSN
• Negative Sentiment: Some analysts remain cautious — Wells Fargo kept an equal‑weight (hold) rating even after lifting its price target, which signals limited near‑term upside and helps explain profit‑taking. Wells Fargo Price Target Note
• Negative Sentiment: Traders have flagged a risk of a pullback after the rapid run; heightened short‑term profit‑taking and rotation into other names can push the shares lower in the near term. TipRanks

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.