Microchip Technology (NASDAQ:MCHP) Hits New 1-Year High Following Analyst Upgrade

Microchip Technology Incorporated (NASDAQ:MCHP) shares hit a new 52-week high on Thursday after BNP Paribas Exane upgraded the stock from a neutral rating to an outperform rating. BNP Paribas Exane now has a $90.00 price target on the stock. Microchip Technology traded as high as $78.70 and last traded at $78.46, with a volume of 56797 shares changing hands. The stock had previously closed at $76.20.

Several other equities research analysts have also recently commented on MCHP. JPMorgan Chase & Co. boosted their price objective on shares of Microchip Technology from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Stifel Nicolaus set a $80.00 price objective on Microchip Technology and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, Truist Financial reissued a “hold” rating and issued a $60.00 target price (down previously from $64.00) on shares of Microchip Technology in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Microchip Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.82.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 SEC, which is accessible through this hyperlink. Insiders own 1.94% of the company’s stock.

Microchip Technology News Roundup

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

• Positive Sentiment: BNP Paribas highlights rising demand for analog upgrades and upgraded Microchip to outperform, citing stronger analog opportunities that benefit TI, onsemi and Microchip — a catalyst for multiple firms to raise targets. BNP Paribas eyes stronger demand for analog; upgrades Texas Instruments, Onsemi, Microchip
• Positive Sentiment: Susquehanna raised its price target on MCHP from $75 to $90 and moved to a “positive” rating — implying ~19% upside from current levels and signaling conviction in revenue/earnings improvement. Susquehanna raises MCHP price target to $90
• Positive Sentiment: BNP Paribas Exane upgraded Microchip from “neutral” to “outperform” and set a $90 target, reinforcing the view that analog/mixed-signal demand should help near-term recovery. BNP Paribas Exane upgrade to outperform
• Positive Sentiment: Zacks publishes a bullish note arguing Microchip may be well positioned for a surge, citing solid earnings estimate revisions — supportive for momentum and analyst sentiment. Why Microchip Tech (MCHP) Might be Well Poised for a Surge
• Positive Sentiment: Microchip launched a 600V gate-driver family for high‑voltage power-management applications — a product expansion that can deepen the company’s addressable market in industrial and EV-related power designs. Microchip Introduces 600V Gate Driver Family
• Neutral Sentiment: Bank of America nudged its price target up from $72 to $78 but kept a “neutral” rating, a modest lift that suggests caution remains among some large brokerages. BofA raises MCHP target to $78 (neutral)

Institutional Investors Weigh In On Microchip Technology

Several large investors have recently made changes to their positions in the stock. Trilogy Capital Inc. increased its holdings in Microchip Technology by 17.5% during the fourth quarter. Trilogy Capital Inc. now owns 46,344 shares of the semiconductor company’s stock worth $2,953,000 after buying an additional 6,910 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Microchip Technology in the 4th quarter valued at about $405,000. OFI Invest Asset Management increased its stake in shares of Microchip Technology by 73.6% during the 4th quarter. OFI Invest Asset Management now owns 3,251 shares of the semiconductor company’s stock worth $207,000 after purchasing an additional 1,378 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Microchip Technology by 2.7% in the 4th quarter. Greenleaf Trust now owns 24,493 shares of the semiconductor company’s stock valued at $1,561,000 after purchasing an additional 646 shares during the period. Finally, Stock Yards Bank & Trust Co. raised its holdings in shares of Microchip Technology by 9.2% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 8,751 shares of the semiconductor company’s stock valued at $558,000 after purchasing an additional 738 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Price Performance

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 firm has a market capitalization of $40.79 billion, a price-to-earnings ratio of -167.71, a P/E/G ratio of 2.25 and a beta of 1.46. The company’s 50 day moving average is $64.41 and its 200-day moving average is $65.36.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior 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. Equities research analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a $0.455 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.82 annualized dividend and a dividend yield of 2.4%. Microchip Technology’s dividend payout ratio is presently -404.44%.

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.