Microchip Technology (NASDAQ:MCHP) Upgraded to “Outperform” at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Microchip Technology (NASDAQ:MCHP) from a neutral rating to an outperform rating in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has $90.00 price objective on the semiconductor company’s stock.

Several other research analysts also recently weighed in on the company. B. Riley boosted their price target on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a report on Monday, January 12th. Morgan Stanley upped their target price 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. Citigroup increased their target price on Microchip Technology from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Susquehanna lifted their price target on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Microchip Technology presently has a consensus rating of “Moderate Buy” and an average price target of $80.82.

Microchip Technology Trading Down 1.0%

Microchip Technology stock opened at $75.47 on Thursday. The stock has a market cap of $40.79 billion, a PE ratio of -167.71, a P/E/G ratio of 2.25 and a beta of 1.46. 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 price of $64.41 and a 200 day moving average price of $65.36. Microchip Technology has a 52 week low of $34.13 and a 52 week high of $79.50.

Microchip Technology (NASDAQ:MCHP) last released 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 company 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 firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities research analysts predict that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

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

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer owned 30,089 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Microchip Technology

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

Microchip Technology News Summary

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)

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.