Mizuho Forecasts Strong Price Appreciation for Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology (NASDAQ:MCHP) had its price target lifted by research analysts at Mizuho from $83.00 to $90.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target would suggest a potential upside of 18.41% from the stock’s previous close.

Several other equities analysts have also issued reports on the stock. BNP Paribas Exane upgraded shares of 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research note on Thursday, January 22nd. Piper Sandler upped their target price on Microchip Technology from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Susquehanna lifted their target price on Microchip Technology from $75.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday, January 22nd. Finally, TD Cowen dropped their price target on Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.27.

Microchip Technology Price Performance

Microchip Technology stock opened at $76.01 on Friday. The stock’s 50 day moving average is $70.01 and its 200 day moving average is $65.52. Microchip Technology has a one year low of $34.13 and a one year high of $81.43. The firm has a market cap of $41.08 billion, a P/E ratio of -262.10, a P/E/G ratio of 1.95 and a beta of 1.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, February 5th. The semiconductor company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Microchip Technology had a negative net margin of 1.57% and a positive return on equity of 7.08%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Microchip Technology has set its Q4 2026 guidance at 0.480-0.520 EPS. As a group, research analysts expect that Microchip Technology will post 1.03 EPS for the current year.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 4,292 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Steve Sanghi sold 98,814 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 9,922,319 shares of the company’s stock, valued at $799,242,795.45. This trade represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 121,615 shares of company stock worth $9,641,654 over the last ninety days. 1.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Microchip Technology by 27.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,679 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 782 shares in the last quarter. Mizuho Markets Cayman LP increased its stake in Microchip Technology by 0.3% in the 4th quarter. Mizuho Markets Cayman LP now owns 1,535,360 shares of the semiconductor company’s stock valued at $97,833,000 after buying an additional 4,600 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Microchip Technology by 193.7% during the 4th quarter. Addison Advisors LLC now owns 702 shares of the semiconductor company’s stock worth $45,000 after buying an additional 463 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Microchip Technology by 99.7% in the 4th quarter. Global Retirement Partners LLC now owns 9,061 shares of the semiconductor company’s stock worth $577,000 after buying an additional 4,524 shares during the last quarter. Finally, Sierra Summit Advisors LLC grew its holdings in shares of Microchip Technology by 2.2% in the fourth quarter. Sierra Summit Advisors LLC now owns 33,458 shares of the semiconductor company’s stock valued at $2,132,000 after acquiring an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Key Headlines Impacting Microchip Technology

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

• Positive Sentiment: Multiple broker upgrades and higher price targets — notable raises include JPMorgan to $95 (overweight), Mizuho to $90 (outperform), Rosenblatt to $115 (buy), and Needham to $84 — these lifts signal fresh upside expectations. Benzinga
• Positive Sentiment: Q3 results: MCHP beat EPS (reported $0.44 vs. $0.43 consensus), revenue up ~15.6% YoY, and management raised Q4 EPS guidance to $0.480–$0.520 (above consensus) — a constructive operational recovery and improving margins. Earnings Report
• Positive Sentiment: Strategic and cash returns: company announced a $0.455 quarterly dividend (yield ~2.4%) and a collaboration with Hyundai on single‑pair Ethernet for automotive connectivity — supports long‑term TAM in automotive/industrial markets. Dividend Hyundai Collaboration
• Positive Sentiment: Unusual options activity: extremely large call buying (≈87,550 calls, ~1,038% above average) — signals speculative/positioning interest that can amplify upside moves if catalysts continue.
• Neutral Sentiment: Citigroup trimmed its target slightly (from $92 to $91) but kept a Buy rating — a modest adjustment that leaves upside intact but is not a strong directional signal. Benzinga
• Negative Sentiment: Macro/supply headwind: Reuters reports Microchip forecasted Q4 profit below some estimates and flagged memory‑supply issues — this created investor caution despite the beat. Reuters
• Negative Sentiment: Some analysts remain conservative or cut targets — Wells Fargo (raised PT to $70 but rated equal weight), Truist to $68 (hold), and TD Cowen lowered target to $70 — these calls imply limited near‑term upside and help explain selling pressure. TickerReport/Wells Fargo Benzinga TipRanks/TD Cowen
• Negative Sentiment: Market reaction: several headlines note shares fell after the quarter despite the beat — suggests investors focused on supply commentary and cautious forward earnings phrasing. Zacks

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.