Brokerages Set Microchip Technology Incorporated (NASDAQ:MCHP) Price Target at $82.05

Shares of Microchip Technology Incorporated (NASDAQ:MCHP) have received a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $82.7273.

Several equities research analysts recently issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Citigroup raised their price objective on Microchip Technology from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Bank of America raised Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Wednesday, January 28th. Exane BNP Paribas upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, TD Cowen cut their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating for the company in a report on Friday, November 7th.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 121,615 shares of company stock worth $9,641,654. 1.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MCHP. Winnow Wealth LLC bought a new stake in shares of Microchip Technology in the third quarter valued at about $25,000. Root Financial Partners LLC bought a new position in Microchip Technology during the third quarter worth about $28,000. Salomon & Ludwin LLC raised its stake in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares in the last quarter. Quent Capital LLC bought a new stake in Microchip Technology in the 3rd quarter valued at about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Trading Up 2.8%

NASDAQ MCHP opened at $78.08 on Thursday. Microchip Technology has a 12 month low of $34.13 and a 12 month high of $81.43. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $68.02 and a 200-day moving average of $65.38. The company has a market cap of $42.20 billion, a PE ratio of -173.51, a PEG ratio of 1.94 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, equities research analysts anticipate that Microchip Technology will post 1.03 EPS 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 issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.3%. Microchip Technology’s payout ratio is presently -404.44%.

About Microchip Technology

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.