Microchip Technology (NASDAQ:MCHP) Price Target Cut to $85.00 by Analysts at Jefferies Financial Group

Posted by Don Miller on Nov 7th, 2026

Microchip Technology (NASDAQ:MCHP – Free Report) had its price objective reduced by Jefferies Financial Group from $100.00 to $85.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

MCHP has been the subject of several other research reports. BMO Capital Markets started coverage on Microchip Technology in a research report on Friday, August 21st. They issued an “outperform” rating and a $95.00 target price for the company. Citigroup reduced their price target on Microchip Technology from $95.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company reduced their price target on Microchip Technology from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday. Rosenblatt Securities decreased their price objective on Microchip Technology from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday. Finally, TD Cowen lowered their price objective on Microchip Technology from $90.00 to $75.00 and set a “hold” rating for the company in a research report on Monday, October 19th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Microchip Technology currently has an average rating of “Moderate Buy” and a consensus target price of $91.64.

Get Our Latest Research Report on MCHP

Microchip Technology Stock Down 10.0%

MCHP traded down $6.50 during mid-day trading on Friday, reaching $58.35. 47,392,436 shares of the stock were exchanged, compared to its average volume of 10,941,434. Microchip Technology has a 1 year low of $48.52 and a 1 year high of $105.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.92. The stock has a market capitalization of $31.68 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 0.52 and a beta of 1.84. The company has a 50 day moving average price of $74.85 and a two-hundred day moving average price of $79.41.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $0.35 earnings per share. Microchip Technology’s revenue was up 42.2% on a year-over-year basis. As a group, research analysts anticipate that Microchip Technology will post 3.20 EPS for the current year.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Monday, November 23rd will be issued a $0.4550 dividend. This represents a $1.82 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, November 23rd. Microchip Technology’s dividend payout ratio (DPR) is presently 271.64%.

Insiders Place Their Bets

In other news, CFO James Bjornholt sold 4,112 shares of Microchip Technology stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the sale, the chief financial officer directly owned 28,573 shares in the company, valued at $2,152,118.36. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.79% of the company’s stock.

Institutional Trading of Microchip Technology

A number of hedge funds have recently bought and sold shares of MCHP. TOP Private Wealth LLC. purchased a new position in shares of Microchip Technology in the second quarter valued at about $29,000. GK Wealth Management LLC purchased a new stake in shares of Microchip Technology during the 3rd quarter worth approximately $29,000. Continuum Advisory LLC purchased a new stake in shares of Microchip Technology during the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new position in shares of Microchip Technology during the 2nd quarter valued at approximately $31,000. Finally, Rakuten Securities Inc. bought a new position in shares of Microchip Technology during the 2nd quarter valued at approximately $34,000. 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: Fiscal Q2 EPS was $0.97 versus the $0.94 consensus, while revenue of $1.62 billion topped estimates and rose 42.2% year over year. Reports cited recovering industrial and data-center demand and improving margins as growth drivers. Zacks earnings report
Positive Sentiment: Microchip declared a quarterly dividend of $0.455 per share, equivalent to $1.82 annually and a reported yield of about 3.2%. The dividend may appeal to income-focused investors.
Neutral Sentiment: Several analysts still rate MCHP Buy or Overweight, and their revised targets remain above the cited $58.35 share price. However, the target reductions signal more cautious expectations.
Negative Sentiment: Management’s fiscal Q3 outlook is a key concern: revenue is forecast to range from 3% below to 1% above Q2, with non-GAAP EPS of $0.87–$0.95. The midpoint was reported below consensus; supply constraints and rising costs could limit near-term growth. Benzinga analyst coverage
Negative Sentiment: Analysts cut targets after the results, including Truist to $62 from $90 and Evercore ISI to $75 from $117. Citigroup lowered its target to $75 from $95 but kept a Buy rating; the broader reset in expectations may pressure shares despite generally higher remaining targets. Truist analyst recommendations Evercore ISI target update