What is KeyCorp’s Estimate for MCHP Q1 Earnings?

Microchip Technology Incorporated (NASDAQ:MCHP) – KeyCorp issued their Q1 2027 EPS estimates for Microchip Technology in a report released on Monday, July 13th. KeyCorp analyst J. Vinh anticipates that the semiconductor company will post earnings per share of $0.60 for the quarter. The consensus estimate for Microchip Technology’s current full-year earnings is $2.69 per share. KeyCorp also issued estimates for Microchip Technology’s Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.81 EPS, Q4 2027 earnings at $0.86 EPS, FY2027 earnings at $3.00 EPS, Q3 2028 earnings at $0.93 EPS, Q4 2028 earnings at $0.99 EPS and FY2028 earnings at $3.83 EPS.

A number of other research firms also recently weighed in on MCHP. Zacks Research raised Microchip Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Barclays raised their price objective on Microchip Technology from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Citigroup lifted their target price on Microchip Technology from $91.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings raised Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Rosenblatt Securities increased their price target on Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.10.

Microchip Technology Trading Down 5.3%

MCHP stock opened at $81.68 on Thursday. The company has a market cap of $44.35 billion, a P/E ratio of 388.97, a PEG ratio of 0.87 and a beta of 1.74. Microchip Technology has a twelve month low of $48.52 and a twelve month high of $105.91. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $92.51 and a 200-day moving average of $80.47.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Microchip Technology had a return on equity of 10.87% and a net margin of 4.88%.The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS.

Microchip Technology Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, May 22nd. Microchip Technology’s dividend payout ratio (DPR) is presently 866.67%.

Insider Activity at Microchip Technology

In related news, COO Richard J. Simoncic sold 5,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $97.52, for a total value of $487,600.00. Following the sale, the chief operating officer directly owned 130,508 shares of the company’s stock, valued at approximately $12,727,140.16. The trade was a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steve Sanghi sold 76,469 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the transaction, the chief executive officer directly owned 9,385,834 shares of the company’s stock, valued at approximately $878,326,345.72. The trade was a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 553,302 shares of company stock valued at $49,673,635. 1.79% of the stock is owned by insiders.

Institutional Trading of Microchip Technology

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Microchip Technology during the fourth quarter worth about $664,564,000. Barclays PLC lifted its stake in Microchip Technology by 66.5% in the 4th quarter. Barclays PLC now owns 13,996,883 shares of the semiconductor company’s stock valued at $891,881,000 after acquiring an additional 5,590,210 shares in the last quarter. Rafferty Asset Management LLC boosted its position in Microchip Technology by 41.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,203,762 shares of the semiconductor company’s stock worth $436,559,000 after acquiring an additional 1,803,945 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Microchip Technology by 255.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,135,140 shares of the semiconductor company’s stock worth $150,271,000 after acquiring an additional 1,534,829 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Microchip Technology during the 2nd quarter worth approximately $101,359,000. 91.51% of the stock is currently owned by institutional investors.

Key Headlines Impacting Microchip Technology

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

• Positive Sentiment: Several reports highlighted that Microchip could beat earnings estimates again, citing its strong track record of positive earnings surprises and favorable earnings indicators ahead of the next quarterly report. Why Microchip Tech (MCHP) Could Beat Earnings Estimates Again
• Positive Sentiment: Analysts at KeyCorp raised forward earnings expectations for Microchip across multiple fiscal periods, including FY2027 and FY2028, which suggests confidence in the company’s longer-term earnings power. KeyCorp earnings estimate updates
• Positive Sentiment: A Zacks note said Microchip has rallied strongly year to date, supported by inventory recovery, stronger bookings, and AI data center growth, all of which are constructive signs for demand. Microchip Jumps 35% YTD: Is There More Room for the Stock to Rise?
• Neutral Sentiment: Microchip also announced a plug-and-play 90W PoE solution for industrial IoT deployments, a product update that supports the company’s long-term strategy but may not be a near-term stock catalyst. Plug-and-Play 90W PoE Solution Streamlines Industrial IoT Deployments
• Negative Sentiment: Investors still see risks from supply-chain constraints and competition, which could limit how much further the stock can rerate if growth slows. Microchip Jumps 35% YTD: Is There More Room for the Stock to Rise?

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.