Microchip Technology (NASDAQ:MCHP) Price Target Cut to $100.00 by Analysts at Cantor Fitzgerald

Microchip Technology (NASDAQ:MCHP) had its target price cut by Cantor Fitzgerald from $125.00 to $100.00 in a research note issued to investors on Friday, Marketbeat reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other analysts also recently issued reports on the company. Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $120.00 target price on shares of Microchip Technology in a report on Friday, August 7th. Citigroup dropped their target price on shares of Microchip Technology from $113.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. B. Riley Financial cut their price target on shares of Microchip Technology from $108.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Finally, TD Cowen reduced their price target on shares of Microchip Technology from $90.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, October 19th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average target price of $91.64.

Microchip Technology Price Performance

Shares of MCHP traded down $6.50 during midday trading on Friday, reaching $58.35. The stock had a trading volume of 47,392,436 shares, compared to its average volume of 10,941,434. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. The company has a market capitalization of $31.68 billion, a P/E ratio of 44.20, a P/E/G ratio of 0.52 and a beta of 1.84. The firm’s 50 day moving average price is $74.85 and its 200-day moving average price is $79.41. Microchip Technology has a 52 week low of $48.52 and a 52 week high of $105.91.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 42.2% on a year-over-year basis. On average, analysts forecast that Microchip Technology will post 3.20 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be issued a $0.4550 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.1%. Microchip Technology’s dividend payout ratio is currently 271.64%.

Insider Activity

In other news, CFO James Bjornholt sold 4,112 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the sale, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Microchip Technology by 2.9% in the second quarter. State Street Corp now owns 28,851,673 shares of the semiconductor company’s stock worth $2,631,273,000 after acquiring an additional 821,147 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Microchip Technology by 18.3% in the 2nd quarter. Van ECK Associates Corp now owns 8,224,808 shares of the semiconductor company’s stock valued at $750,102,000 after buying an additional 1,272,838 shares in the last quarter. Artemis Wealth Advisors LLC acquired a new position in Microchip Technology in the second quarter worth approximately $541,413,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Microchip Technology in the second quarter worth approximately $537,423,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Microchip Technology by 23.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,060,528 shares of the semiconductor company’s stock valued at $461,520,000 after acquiring an additional 962,362 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Key Microchip Technology News

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Fiscal Q2 EPS was $0.97 versus the $0.94 consensus, while revenue of $1.62 billion topped estimates and rose 42.2% year over year. Reports cited recovering industrial and data-center demand and improving margins as growth drivers. Zacks earnings report
• Positive Sentiment: Microchip declared a quarterly dividend of $0.455 per share, equivalent to $1.82 annually and a reported yield of about 3.2%. The dividend may appeal to income-focused investors.
• Neutral Sentiment: Several analysts still rate MCHP Buy or Overweight, and their revised targets remain above the cited $58.35 share price. However, the target reductions signal more cautious expectations.
• Negative Sentiment: Management’s fiscal Q3 outlook is a key concern: revenue is forecast to range from 3% below to 1% above Q2, with non-GAAP EPS of $0.87–$0.95. The midpoint was reported below consensus; supply constraints and rising costs could limit near-term growth. Benzinga analyst coverage
• Negative Sentiment: Analysts cut targets after the results, including Truist to $62 from $90 and Evercore ISI to $75 from $117. Citigroup lowered its target to $75 from $95 but kept a Buy rating; the broader reset in expectations may pressure shares despite generally higher remaining targets. Truist analyst recommendations Evercore ISI target update

Microchip Technology Company Profile