Cantor Fitzgerald Cuts Microchip Technology (NASDAQ:MCHP) Price Target to $65.00

Microchip Technology (NASDAQ:MCHP) had its price objective trimmed by Cantor Fitzgerald from $70.00 to $65.00 in a report published on Friday,Benzinga reports. The brokerage currently has a neutral rating on the semiconductor company’s stock. Cantor Fitzgerald also issued estimates for Microchip Technology’s FY2026 earnings at $1.15 EPS.

Other research analysts have also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Microchip Technology from $63.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. TD Cowen lowered their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Friday. Stifel Nicolaus reduced their price target on shares of Microchip Technology from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday. Needham & Company LLC reduced their target price on shares of Microchip Technology from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday. Finally, Wells Fargo & Company initiated coverage on Microchip Technology in a research note on Monday, September 15th. They set an “equal weight” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.47.

Microchip Technology Stock Down 0.9%

Microchip Technology stock traded down $0.53 during mid-day trading on Friday, reaching $55.76. The stock had a trading volume of 2,458,214 shares, compared to its average volume of 9,666,291. The firm has a market capitalization of $30.09 billion, a PE ratio of -163.68, a price-to-earnings-growth ratio of 1.79 and a beta of 1.57. Microchip Technology has a fifty-two week low of $34.13 and a fifty-two week high of $77.20. The stock’s 50-day simple moving average is $64.24 and its 200-day simple moving average is $64.41. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.33 and a current ratio of 2.31.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. Microchip Technology’s revenue for the quarter was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts forecast that Microchip Technology will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Monday, November 24th will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, November 24th. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Activity at Microchip Technology

In other Microchip Technology news, Director Matthew W. Chapman sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This represents a 24.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Eric Bjornholt sold 7,356 shares of the firm’s stock in a transaction that occurred 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 owned 30,010 shares of the company’s stock, valued at approximately $2,062,287.20. The trade was a 19.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Microchip Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Orbis Allan Gray Ltd purchased a new stake in Microchip Technology in the first quarter worth about $369,612,000. Norges Bank bought a new position in shares of Microchip Technology during the 2nd quarter valued at approximately $473,320,000. Invesco Ltd. grew its stake in shares of Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock valued at $808,787,000 after acquiring an additional 6,459,123 shares during the period. Dodge & Cox increased its holdings in Microchip Technology by 958.4% in the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock worth $446,132,000 after acquiring an additional 5,740,827 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Microchip Technology by 138.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock worth $427,681,000 after acquiring an additional 5,136,154 shares during the period. 91.51% of the stock is currently owned by hedge funds and other 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.