Microchip Technology (NASDAQ:MCHP) Stock Price Expected to Rise, Susquehanna Analyst Says

Microchip Technology (NASDAQ:MCHP) had its price target lifted by analysts at Susquehanna from $75.00 to $90.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s target price points to a potential upside of 18.11% from the stock’s previous close.

A number of other research firms also recently weighed in on MCHP. TD Cowen cut their target price on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Friday, November 7th. Stifel Nicolaus set a $80.00 price objective on Microchip Technology and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Wells Fargo & Company upped their price objective on Microchip Technology from $58.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Bank of America raised their target price on Microchip Technology from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Truist Financial reiterated a “hold” rating and issued a $60.00 price target (down from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.82.

Microchip Technology Stock Performance

Shares of MCHP opened at $76.20 on Thursday. The firm has a market capitalization of $41.18 billion, a PE ratio of -169.33, a P/E/G ratio of 2.17 and a beta of 1.46. 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 firm has a 50-day moving average price of $64.00 and a 200 day moving average price of $65.29. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $77.20.

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

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock worth $827,000 after purchasing an additional 5,835 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Microchip Technology by 101.8% in the first quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 616 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Microchip Technology by 3.0% in the second quarter. Park Avenue Securities LLC now owns 13,069 shares of the semiconductor company’s stock worth $920,000 after buying an additional 383 shares during the period. Norden Group LLC purchased a new position in shares of Microchip Technology during the second quarter valued at $398,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Microchip Technology by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 163,858 shares of the semiconductor company’s stock valued at $11,531,000 after buying an additional 550 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.