UBS Group Issues Positive Forecast for Microchip Technology (NASDAQ:MCHP) Stock Price

Microchip Technology (NASDAQ:MCHP) had its price target increased by UBS Group from $85.00 to $95.00 in a research note released on Monday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America raised their target price on shares of Microchip Technology from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Truist Financial restated a “hold” rating and issued a $60.00 price target (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. B. Riley upped their price objective on Microchip Technology from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, January 12th. BNP Paribas Exane raised Microchip Technology from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Thursday, January 22nd. Finally, Wells Fargo & Company boosted their price target on Microchip Technology from $58.00 to $68.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Microchip Technology presently has an average rating of “Moderate Buy” and an average target price of $81.27.

Microchip Technology Stock Up 0.1%

NASDAQ:MCHP opened at $74.79 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25. The firm has a market cap of $40.42 billion, a P/E ratio of -166.20, a P/E/G ratio of 2.21 and a beta of 1.46. Microchip Technology has a fifty-two week low of $34.13 and a fifty-two week high of $79.50. The firm has a 50-day simple moving average of $65.30 and a two-hundred day simple moving average of $65.25.

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 analysts’ consensus estimates 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 the consensus estimate of $1.13 billion. During the same period in the prior year, the company posted $0.46 earnings per share. 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. 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. 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 dividend on an annualized basis and a yield of 2.4%. Microchip Technology’s dividend payout ratio (DPR) is presently -404.44%.

Insider Buying and Selling

In other Microchip Technology news, CEO Steve Sanghi sold 18,509 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $79.20, for a total value of $1,465,912.80. Following the completion of the transaction, the chief executive officer directly owned 10,021,133 shares in the company, valued at $793,673,733.60. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.94% of the company’s stock.

Institutional Trading of Microchip Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCHP. Norges Bank bought a new position in Microchip Technology in the 2nd quarter worth approximately $473,320,000. Dodge & Cox lifted its holdings in shares of Microchip Technology by 958.4% in the second quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock worth $446,132,000 after buying an additional 5,740,827 shares in the last quarter. Boston Partners lifted its holdings in shares of Microchip Technology by 38.2% in the second quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock worth $1,041,868,000 after buying an additional 4,101,034 shares in the last quarter. State Street Corp boosted its position in shares of Microchip Technology by 8.5% during the second quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock worth $2,244,016,000 after acquiring an additional 2,489,258 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Microchip Technology by 25.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock valued at $709,506,000 after acquiring an additional 2,257,932 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

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.