B. Riley Forecasts Strong Price Appreciation for Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology (NASDAQ:MCHP) had its price target upped by research analysts at B. Riley from $85.00 to $95.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price would indicate a potential upside of 29.03% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on MCHP. Citigroup cut their price objective on shares of Microchip Technology from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Susquehanna dropped their price target on Microchip Technology from $85.00 to $75.00 and set a “positive” rating on the stock in a research report on Friday, November 7th. Stifel Nicolaus set a $80.00 price objective on Microchip Technology and gave the company a “buy” rating in a research report on Tuesday, January 6th. Morgan Stanley lifted 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, January 6th. Finally, Cantor Fitzgerald raised Microchip Technology from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $65.00 to $85.00 in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.57.

Microchip Technology Stock Down 2.1%

MCHP stock traded down $1.59 during midday trading on Monday, hitting $73.63. The stock had a trading volume of 2,691,248 shares, compared to its average volume of 9,361,884. The business has a 50-day moving average of $61.37 and a two-hundred day moving average of $65.09. 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 firm has a market cap of $39.79 billion, a price-to-earnings ratio of -163.59, a price-to-earnings-growth ratio of 2.29 and a beta of 1.46. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $77.20.

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

Insider Activity at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total transaction of $216,273.88. Following the sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a filing 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

Several hedge funds and other institutional investors have recently bought and sold shares of MCHP. AQR Capital Management LLC lifted its holdings in Microchip Technology by 51.3% during the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 5,835 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Microchip Technology by 101.8% during the 1st 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 during the period. Strs Ohio purchased a new position in shares of Microchip Technology during the 1st quarter valued at $4,115,000. AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Microchip Technology during the 1st quarter valued at $1,089,000. Finally, Somerset Trust Co bought a new position in Microchip Technology in the 2nd quarter worth $223,000. Institutional investors own 91.51% of the company’s stock.

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.