Susquehanna Has Lowered Expectations for Microchip Technology (NASDAQ:MCHP) Stock Price

Microchip Technology (NASDAQ:MCHP) had its price objective decreased by equities researchers at Susquehanna from $85.00 to $75.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would suggest a potential upside of 33.26% from the stock’s previous close.

Several other research analysts have also recently weighed in on MCHP. Raymond James Financial boosted their price objective on Microchip Technology from $65.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 8th. Morgan Stanley boosted their price target on shares of Microchip Technology from $63.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. Zacks Research downgraded shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. The Goldman Sachs Group assumed coverage on shares of Microchip Technology in a research report on Thursday, July 10th. They issued a “buy” rating and a $88.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $73.47.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $56.28 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.33 and a debt-to-equity ratio of 0.80. The stock has a market cap of $30.37 billion, a PE ratio of -165.53, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. The stock’s fifty day simple moving average is $64.24 and its two-hundred day simple moving average is $64.25. Microchip Technology has a 1-year low of $34.13 and a 1-year high of $77.20.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a negative net margin of 3.50% and a positive return on equity of 6.24%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm posted $0.46 EPS. The firm’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, analysts forecast that Microchip Technology will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the transaction, the chief financial officer directly owned 30,010 shares of the company’s stock, valued at $2,062,287.20. This trade represents a 19.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $682,500.00. Following the completion of the transaction, the director directly owned 30,665 shares in the company, valued at approximately $2,092,886.25. The trade was a 24.59% decrease in their position. The SEC filing for this sale provides additional information. 1.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Microchip Technology

Institutional investors have recently added to or reduced their stakes in the business. Mizuho Markets Cayman LP purchased a new position in Microchip Technology during the second quarter valued at $107,584,000. Argonautica Private Wealth Management Inc. bought a new position in shares of Microchip Technology in the 1st quarter worth about $428,000. Charles Schwab Investment Management Inc. lifted its position in Microchip Technology by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,266,402 shares of the semiconductor company’s stock valued at $158,127,000 after acquiring an additional 122,633 shares during the period. Victory Capital Management Inc. lifted its position in Microchip Technology by 18.2% during the 1st quarter. Victory Capital Management Inc. now owns 602,783 shares of the semiconductor company’s stock valued at $29,181,000 after acquiring an additional 92,962 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Microchip Technology by 0.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,630,574 shares of the semiconductor company’s stock worth $805,087,000 after acquiring an additional 152,434 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Microchip Technology Company Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.