Susquehanna Issues Pessimistic Forecast for Microchip Technology (NASDAQ:MCHP) Stock Price

Microchip Technology (NASDAQ:MCHP) had its price target reduced by analysts at Susquehanna from $120.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “positive” rating on the semiconductor company’s stock. Susquehanna‘s price target indicates a potential upside of 71.38% from the company’s current price.

Several other research analysts have also recently commented on the stock. Citigroup reduced their target price on shares of Microchip Technology from $113.00 to $95.00 and set a “buy” rating for the company in a report on Friday, August 7th. Truist Financial lowered their price target on shares of Microchip Technology from $105.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Needham & Company LLC lowered their price target on shares of Microchip Technology from $120.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Research cut shares of Microchip Technology from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Microchip Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.64.

Microchip Technology Trading Down 10.0%

Shares of NASDAQ MCHP opened at $58.35 on Friday. Microchip Technology has a twelve month low of $48.52 and a twelve month high of $105.91. The stock has a market cap of $31.68 billion, a price-to-earnings ratio of 44.20, a P/E/G ratio of 0.40 and a beta of 1.84. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The company’s fifty day moving average is $74.85 and its 200-day moving average is $79.41.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results on Thursday, November 5th. The semiconductor company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. Microchip Technology had a net margin of 14.96% and a return on equity of 20.45%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 42.2% on a year-over-year basis. Equities research analysts predict that Microchip Technology will post 3.20 EPS for the current year.

Insider Activity

In other Microchip Technology news, CFO James Bjornholt sold 4,112 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total transaction 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. This trade represents a 12.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MSH Capital Advisors LLC lifted its holdings in shares of Microchip Technology by 6.3% during the 3rd quarter. MSH Capital Advisors LLC now owns 3,823 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 228 shares during the period. Diversified Trust Co increased its stake in Microchip Technology by 77.4% in the third quarter. Diversified Trust Co now owns 19,840 shares of the semiconductor company’s stock valued at $1,543,000 after acquiring an additional 8,655 shares during the last quarter. Aberdeen Group plc increased its stake in Microchip Technology by 403.4% in the third quarter. Aberdeen Group plc now owns 2,316,355 shares of the semiconductor company’s stock valued at $180,143,000 after acquiring an additional 1,856,181 shares during the last quarter. Allworth Financial LP raised its position in Microchip Technology by 18.8% during the third quarter. Allworth Financial LP now owns 12,342 shares of the semiconductor company’s stock valued at $960,000 after purchasing an additional 1,957 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Microchip Technology by 6.8% during the third quarter. Fisher Asset Management LLC now owns 3,615 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 229 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Key Microchip Technology News

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

Microchip Technology Company Profile