Microchip Technology (NASDAQ:MCHP) Sets New 52-Week High on Analyst Upgrade

Microchip Technology Incorporated (NASDAQ:MCHP)’s stock price reached a new 52-week high during trading on Wednesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $80.00 and last traded at $80.2020, with a volume of 255027 shares changing hands. The stock had previously closed at $75.16.

MCHP has been the topic of several other reports. Citigroup boosted their target price on Microchip Technology from $80.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. KeyCorp reaffirmed an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, December 3rd. Stifel Nicolaus set a $80.00 price objective on shares of Microchip Technology and gave the stock a “buy” rating in a report on Tuesday, January 6th. Exane BNP Paribas upgraded Microchip Technology from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Bank of America upgraded Microchip Technology from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Microchip Technology currently has a consensus rating of “Moderate Buy” and an average target price of $82.05.

Insider Buying and Selling at Microchip Technology

In related news, CEO Steve Sanghi sold 18,509 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $79.20, for a total transaction of $1,465,912.80. Following the sale, the chief executive officer directly owned 10,021,133 shares of the company’s stock, valued at $793,673,733.60. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO James Eric Bjornholt sold 4,292 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value 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 trade represents a 12.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.94% of the stock is owned by insiders.

Key Microchip Technology News

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

• Positive Sentiment: Multiple analyst upgrades and bullish commentary lifted investor sentiment — Zacks upgraded MCHP to a “strong-buy” and Bank of America raised its rating to “buy” with a $95 target (~18% above the current price). UBS also issued a positive note saying shares are expected to rise. Zacks Upgrade BofA Coverage UBS Note
• Positive Sentiment: Inclusion on Zacks’ Rank #1 (Strong Buy) lists for momentum and income increases visibility among retail and quant buyers, which can amplify short-term flows. Zacks Momentum List Zacks Income List
• Positive Sentiment: Product development: Microchip expanded its maXTouch M1 touchscreen controller family to cover a wider range of automotive displays (2–42″), strengthening its addressable market in automotive infotainment and display applications. This supports longer-term revenue opportunity in a high-value end market. maXTouch Product Release
• Neutral Sentiment: Recent fundamentals: the company beat Q2 estimates on EPS and revenue and provided Q3 FY2026 EPS guidance (0.340–0.400), but revenue was slightly down year-over-year — a mixed fundamental backdrop that makes upgrades and product news more impactful in the short term. MarketBeat Earnings Summary
• Negative Sentiment: Insider activity: CEO Steve Sanghi sold 18,509 shares (~0.18% reduction in his position), a relatively small transaction but one that some investors note when management sells into strength. Insider Sale

Institutional Trading of Microchip Technology

A number of hedge funds have recently bought and sold shares of MCHP. AQR Capital Management LLC lifted its position in Microchip Technology by 51.3% during the first quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 5,835 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Microchip Technology by 101.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,221 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 616 shares during the period. HB Wealth Management LLC increased its stake in Microchip Technology by 30.7% in the 2nd quarter. HB Wealth Management LLC now owns 21,054 shares of the semiconductor company’s stock worth $1,482,000 after buying an additional 4,946 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in Microchip Technology during the second quarter valued at about $313,000. Finally, One Wealth Advisors LLC lifted its position in shares of Microchip Technology by 19.8% in the second quarter. One Wealth Advisors LLC now owns 4,983 shares of the semiconductor company’s stock valued at $351,000 after acquiring an additional 824 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology Stock Performance

The company has a quick ratio of 1.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.80. The business has a 50 day moving average price of $66.37 and a two-hundred day moving average price of $65.36. The stock has a market cap of $43.39 billion, a P/E ratio of -178.40, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm posted $0.46 EPS. The company’s revenue was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. On average, sell-side analysts forecast that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 9th. Stockholders of record on Monday, November 24th were given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, November 24th. 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.