Brokerages Set Microchip Technology Incorporated (NASDAQ:MCHP) PT at $75.75

Shares of Microchip Technology Incorporated (NASDAQ:MCHP) have received a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $75.75.

Several research analysts have issued reports on MCHP shares. Evercore ISI increased their price objective on Microchip Technology from $69.00 to $83.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Citigroup raised their target price on Microchip Technology from $68.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, July 7th. TD Cowen lowered their target price on Microchip Technology from $75.00 to $60.00 and set a “hold” rating for the company in a research note on Friday, August 8th. Susquehanna raised their target price on Microchip Technology from $60.00 to $90.00 and gave the company a “positive” rating in a research note on Tuesday, July 22nd. Finally, Mizuho raised their target price on Microchip Technology from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th.

Microchip Technology Stock Performance

Microchip Technology stock opened at $66.13 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 1.33. The stock has a fifty day moving average price of $65.72 and a two-hundred day moving average price of $60.49. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $79.53. The firm has a market capitalization of $35.69 billion, a P/E ratio of -194.50, a P/E/G ratio of 1.84 and a beta of 1.55.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Microchip Technology had a positive return on equity of 6.24% and a negative net margin of 3.50%.The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. Microchip Technology has set its Q2 2026 guidance at 0.340-0.370 EPS. As a group, analysts anticipate that Microchip Technology will post 1.03 EPS for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were paid a $0.455 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.8%. Microchip Technology’s dividend payout ratio (DPR) is -535.29%.

Insider Transactions at Microchip Technology

In related news, CFO James Eric Bjornholt sold 7,356 shares of Microchip Technology stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.72, for a total value of $505,504.32. Following the completion of the sale, the chief financial officer directly owned 30,010 shares in the company, valued at $2,062,287.20. This trade represents a 19.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew W. Chapman sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.25, for a total value of $682,500.00. Following the transaction, the director owned 30,665 shares in the company, valued at approximately $2,092,886.25. This trade represents a 24.59% decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Microchip Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCHP. Orbis Allan Gray Ltd acquired a new position in shares of Microchip Technology during the 1st quarter worth approximately $369,612,000. Norges Bank acquired a new position in shares of Microchip Technology during the 2nd quarter worth approximately $473,320,000. Invesco Ltd. increased its holdings in shares of Microchip Technology by 63.0% during the 1st quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company’s stock worth $808,787,000 after acquiring an additional 6,459,123 shares during the last quarter. Dodge & Cox increased its holdings in shares of Microchip Technology by 958.4% during the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock worth $446,132,000 after acquiring an additional 5,740,827 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Microchip Technology by 138.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company’s stock worth $427,681,000 after acquiring an additional 5,136,154 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Company Profile

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.