Microchip Technology (NASDAQ:MCHP) Price Target Raised to $100.00 at Cantor Fitzgerald

Microchip Technology (NASDAQ:MCHP) had its target price upped by Cantor Fitzgerald from $85.00 to $100.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.

Several other research analysts have also recently weighed in on the stock. Piper Sandler increased their price target on shares of Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. JPMorgan Chase & Co. increased their target price on Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Susquehanna boosted their price target on Microchip Technology from $75.00 to $90.00 and gave the company a “positive” rating in a research note on Thursday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Microchip Technology in a report on Tuesday, January 6th. Finally, Wells Fargo & Company lifted their target price on Microchip Technology from $58.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Three equities research 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 given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $82.73.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $78.08 on Monday. 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 company has a market capitalization of $42.20 billion, a P/E ratio of -173.51, a P/E/G ratio of 1.94 and a beta of 1.46. Microchip Technology has a 12 month low of $34.13 and a 12 month high of $81.43. The stock has a 50 day moving average of $68.02 and a 200-day moving average of $65.38.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results 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 business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm posted $0.46 EPS. The company’s quarterly 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. As a group, equities research analysts predict that Microchip Technology will post 1.03 EPS for the current year.

Microchip Technology Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 9th. Shareholders 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 2.3%. Microchip Technology’s dividend payout ratio is presently -404.44%.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, 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 transaction of $216,273.88. Following the completion of the transaction, the chief financial officer owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steve Sanghi sold 98,814 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $80.55, for a total transaction of $7,959,467.70. Following the completion of the sale, the chief executive officer owned 9,922,319 shares in the company, valued at approximately $799,242,795.45. The trade was a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 121,615 shares of company stock worth $9,641,654. Corporate insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Microchip Technology

Several hedge funds have recently modified their holdings of MCHP. Winnow Wealth LLC bought a new stake in shares of Microchip Technology during the third quarter worth about $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology during the 3rd quarter worth approximately $28,000. Salomon & Ludwin LLC increased its position in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 329 shares during the period. Quent Capital LLC acquired a new position in Microchip Technology in the 3rd quarter valued at approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Microchip Technology by 106.8% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

About Microchip Technology

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.