Microchip Technology (NASDAQ:MCHP) Price Target Raised to $68.00 at Wells Fargo & Company

Microchip Technology (NASDAQ:MCHP) had its target price upped by Wells Fargo & Company from $58.00 to $68.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

MCHP has been the subject of a number of other research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $80.00 target price on shares of Microchip Technology in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research report on Wednesday, October 8th. Bank of America upped their target price on shares of Microchip Technology from $67.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Needham & Company LLC raised their price target on shares of Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. One equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $77.71.

Microchip Technology Price Performance

Shares of NASDAQ:MCHP opened at $73.94 on Wednesday. Microchip Technology has a one year low of $34.13 and a one year high of $77.20. The stock has a market cap of $39.96 billion, a PE ratio of -164.31, a price-to-earnings-growth ratio of 2.33 and a beta of 1.46. The business’s fifty day moving average price is $60.89 and its two-hundred day moving average price is $65.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the company earned $0.46 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Microchip Technology will post 1.03 EPS for the current fiscal year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, November 24th were paid a dividend of $0.455 per share. The ex-dividend date was Monday, November 24th. This represents a $1.82 annualized dividend and a yield of 2.5%. Microchip Technology’s dividend payout ratio (DPR) is -404.44%.

Insider Buying and Selling

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction on Tuesday, November 25th. The shares were 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 approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Winnow Wealth LLC acquired a new stake in Microchip Technology in the third quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Microchip Technology in the third quarter valued at $28,000. MCF Advisors LLC boosted its stake in Microchip Technology by 211.2% during the second quarter. MCF Advisors LLC now owns 473 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 321 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in Microchip Technology by 219.3% during the third quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 329 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Microchip Technology during the third quarter worth about $32,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Key Microchip Technology News

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

• Positive Sentiment: Microchip raised its Q3 revenue/net‑sales guidance (now ~$1.185B) citing strong bookings and a broad end‑market recovery — this guidance lift is the main driver of the recent rally. Microchip Technology raises Q3 revenue forecast
• Positive Sentiment: Company pre‑announced it likely exceeded net‑sales guidance for the December quarter, a surprise that triggered a multi‑day rally and sharp volume spike. Why Microchip Technology Rallied Double-Digits Today
• Positive Sentiment: Shares surged ~11–12% on the news (heavy trading), signaling strong investor reception to the guidance beat and outlook improvement. InsiderMonkey: Microchip surges on net sales beat
• Positive Sentiment: Major analyst upgrades and price‑target increases followed the guidance raise — notable: JPMorgan raised its PT to $85 (overweight), Rosenblatt reaffirmed buy at $80, and Needham raised its PT to $77 — these support further re‑rating. Benzinga analyst notes
• Neutral Sentiment: Market‑momentum indicators improved (RS rating jumped toward 87), which can attract technical buyers but does not guarantee continued gains. MSN: RS rating jump
• Neutral Sentiment: Zacks and other market commentary note strong earnings‑surprise history and improved estimate revisions, but caution the recent one‑day surge may not translate into immediate further gains without sustained execution. Zacks: surge and caution
• Negative Sentiment: Some firms (Wells Fargo, Morgan Stanley) set price targets below the current price despite small upward revisions, and their “equal weight” views signal limited near‑term upside from those desks. TickerReport/Benzinga: Wells Fargo PT raised to $68

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.