Microchip Technology (NASDAQ:MCHP) Price Target Raised to $68.00

Microchip Technology (NASDAQ:MCHP) had its price target hoisted by Wells Fargo & Company from $58.00 to $68.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the semiconductor company’s stock.

A number of other equities analysts also recently commented on the company. Cantor Fitzgerald raised Microchip Technology from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $65.00 to $85.00 in a research report on Tuesday, December 16th. Bank of America boosted their price target on shares of Microchip Technology from $67.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Needham & Company LLC raised their price objective on shares of Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, TD Cowen lowered their target price on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.62.

Microchip Technology Stock Performance

NASDAQ:MCHP opened at $75.22 on Wednesday. Microchip Technology has a 52 week low of $34.13 and a 52 week high of $77.20. The company has a fifty day simple moving average of $61.37 and a two-hundred day simple moving average of $65.17. The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The company has a market cap of $40.65 billion, a price-to-earnings ratio of -167.16, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46.

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. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter 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 anticipate that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were given a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, November 24th. Microchip Technology’s dividend payout ratio (DPR) is -404.44%.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 4,292 shares of the business’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 sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Microchip Technology

Several hedge funds have recently made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in shares of Microchip Technology in the 3rd quarter valued at about $25,000. Root Financial Partners LLC acquired a new stake in shares of Microchip Technology in the third quarter valued at approximately $28,000. Salomon & Ludwin LLC grew its position in shares of Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 329 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Microchip Technology in the 3rd quarter valued at $32,000. Finally, MCF Advisors LLC raised its position in Microchip Technology by 211.2% in the 2nd quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Key Stories Impacting Microchip Technology

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

• Positive Sentiment: Mizuho raised its price target on MCHP from $80 to $83 and kept an “outperform” rating, signaling further upside from current levels. Benzinga
• Positive Sentiment: Multiple firms issued bullish notes or upgrades (Needham, Rosenblatt, B. Riley, JPMorgan, Morgan Stanley), contributing to buying momentum and analyst-driven interest. Needham Rosenblatt B. Riley
• Positive Sentiment: Wells Fargo raised its price target for MCHP to $68 (another Wells Fargo note earlier had maintained a Hold). The PT bump helps support the rally alongside other upgrades. Wells Fargo PT Boost
• Positive Sentiment: Microchip raised Q4 sales guidance and shares reacted sharply (reported ~16% intraday lift after the guidance update), indicating improving demand expectations. Yahoo Finance
• Positive Sentiment: Product/partnership news: Microchip released custom firmware for its MEC1723 embedded controller to support NVIDIA DGX Spark personal AI supercomputers — enhances enterprise AI relevance. GlobeNewswire
• Neutral Sentiment: Wells Fargo also had a prior note maintaining a Hold on MCHP; mixed analyst views mean follow-through depends on upcoming results and macro appetite for semiconductors. Globe and Mail
• Negative Sentiment: Market-note on momentum risk: coverage pieces and trading commentary flagged a sharp spike (15%) that could invite a short-term pullback — investors should watch volume, near-term profit-taking and the company’s next earnings/guidance cadence. TipRanks

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.