B. Riley Analysts Decrease Earnings Estimates for MCHP

Microchip Technology Incorporated (NASDAQ:MCHP) – Equities research analysts at B. Riley dropped their Q2 2026 earnings estimates for Microchip Technology in a report issued on Thursday, April 24th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.05. B. Riley has a “Buy” rating and a $75.00 price objective on the stock. The consensus estimate for Microchip Technology’s current full-year earnings is $1.03 per share. B. Riley also issued estimates for Microchip Technology’s Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.13 EPS, FY2026 earnings at $0.21 EPS, Q1 2027 earnings at $0.20 EPS, Q2 2027 earnings at $0.28 EPS, Q3 2027 earnings at $0.38 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.32 EPS.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.15). Microchip Technology had a return on equity of 12.62% and a net margin of 6.49%.

Several other research firms also recently commented on MCHP. Mizuho boosted their target price on shares of Microchip Technology from $58.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 4th. StockNews.com downgraded Microchip Technology from a “hold” rating to a “sell” rating in a research note on Monday, February 10th. Citigroup cut their target price on Microchip Technology from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. TD Cowen increased their price target on Microchip Technology from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Tuesday, March 4th. Finally, KeyCorp cut their price objective on shares of Microchip Technology from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Microchip Technology has an average rating of “Moderate Buy” and a consensus price target of $69.32.

Microchip Technology Stock Performance

NASDAQ MCHP opened at $46.89 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $49.48 and a 200 day simple moving average of $58.56. Microchip Technology has a 12-month low of $34.13 and a 12-month high of $100.57. The company has a market cap of $25.22 billion, a P/E ratio of 83.73 and a beta of 1.51.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 3.88%. The ex-dividend date was Monday, February 24th. Microchip Technology’s dividend payout ratio (DPR) is presently 325.00%.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 3,724 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $60.88, for a total value of $226,717.12. Following the completion of the transaction, the chief financial officer now directly owns 33,272 shares of the company’s stock, valued at approximately $2,025,599.36. This trade represents a 10.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Microchip Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pallas Capital Advisors LLC bought a new stake in shares of Microchip Technology during the 4th quarter valued at $5,917,000. Consolidated Planning Corp bought a new stake in shares of Microchip Technology during the fourth quarter valued at about $308,000. one8zero8 LLC purchased a new stake in shares of Microchip Technology in the fourth quarter worth about $384,000. Symphony Financial Ltd. Co. bought a new position in shares of Microchip Technology in the fourth quarter valued at approximately $520,000. Finally, Truist Financial Corp grew its stake in Microchip Technology by 5.8% during the fourth quarter. Truist Financial Corp now owns 959,439 shares of the semiconductor company’s stock valued at $55,024,000 after acquiring an additional 52,222 shares in 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.