Microchip Technology (NASDAQ:MCHP) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Microchip Technology (NASDAQ:MCHP) had its target price raised by stock analysts at Wells Fargo & Company from $68.00 to $70.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 7.91% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Truist Financial lifted their price objective on shares of Microchip Technology from $60.00 to $68.00 and gave the company a “hold” rating in a research note on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a research report on Thursday, January 22nd. Cantor Fitzgerald increased their price target on Microchip Technology from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. KeyCorp reiterated an “overweight” rating and set a $85.00 price objective on shares of Microchip Technology in a research note on Friday. Finally, Wolfe Research set a $85.00 target price on Microchip Technology in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus target price of $86.27.

Microchip Technology Stock Down 2.6%

Shares of MCHP stock opened at $76.01 on Friday. Microchip Technology has a fifty-two week low of $34.13 and a fifty-two week high of $81.43. The firm has a market capitalization of $41.08 billion, a PE 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 quick ratio of 1.20 and a current ratio of 2.25. The stock’s 50-day simple moving average is $70.01 and its 200-day simple moving average is $65.52.

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

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction that occurred on 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 directly owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This represents a 12.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steve Sanghi sold 98,814 shares of Microchip Technology 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 completion of the sale, the chief executive officer directly owned 9,922,319 shares in the company, valued at $799,242,795.45. This represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 121,615 shares of company stock valued at $9,641,654 in the last ninety days. 1.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Microchip Technology

A number of large investors have recently added to or reduced their stakes in MCHP. Winnow Wealth LLC acquired a new stake in shares of Microchip Technology in the third quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Microchip Technology in the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC boosted its holdings in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after buying an additional 329 shares during the last quarter. Quent Capital LLC purchased a new stake in Microchip Technology during the 3rd quarter worth approximately $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after buying an additional 267 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Microchip Technology News Summary

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

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.