Microchip Technology (NASDAQ:MCHP) Given New $72.00 Price Target at Morgan Stanley

Microchip Technology (NASDAQ:MCHP) had its price objective decreased by Morgan Stanley from $103.00 to $72.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley‘s price target points to a potential upside of 17.38% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. UBS Group reiterated a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research report on Friday, August 7th. Susquehanna cut their price target on shares of Microchip Technology from $120.00 to $100.00 and set a “positive” rating for the company in a report on Friday. KeyCorp reduced their price objective on shares of Microchip Technology from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Wall Street Zen cut shares of Microchip Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Microchip Technology currently has an average rating of “Moderate Buy” and an average price target of $90.18.

Microchip Technology Price Performance

MCHP traded up $2.99 during trading on Monday, reaching $61.34. The stock had a trading volume of 7,534,032 shares, compared to its average volume of 10,544,920. The firm has a market capitalization of $33.31 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 0.40 and a beta of 1.84. The company has a quick ratio of 1.33, a current ratio of 2.24 and a debt-to-equity ratio of 0.83. Microchip Technology has a 1-year low of $48.52 and a 1-year high of $105.91. The stock has a 50 day moving average of $74.85 and a two-hundred day moving average of $79.41.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. Microchip Technology had a return on equity of 20.32% and a net margin of 14.96%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 42.2% on a year-over-year basis. As a group, equities analysts anticipate that Microchip Technology will post 3.20 EPS for the current fiscal year.

Insider Activity

In other news, CFO James Bjornholt sold 4,112 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total transaction of $309,715.84. Following the sale, the chief financial officer directly owned 28,573 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Microchip Technology

A number of institutional investors have recently bought and sold shares of MCHP. TOP Private Wealth LLC. bought a new position in Microchip Technology during the second quarter worth about $29,000. Continuum Advisory LLC bought a new stake in shares of Microchip Technology in the 2nd quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new position in shares of Microchip Technology in the 2nd quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new position in shares of Microchip Technology in the 2nd quarter worth approximately $34,000. Finally, GK Wealth Management LLC acquired a new position in shares of Microchip Technology in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Microchip Technology News Roundup

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Microchip’s data-center design wins may support growth: the segment was described as its fastest-growing business, though it remains a portion of sales. MCHP Q3 CY2026 deep dive
• Positive Sentiment: JPMorgan lowered its target to $100 from $120 but maintained an overweight rating; Barclays cut its target to $90 from $105 and kept an equal-weight rating. Both targets are above the referenced share price. JPMorgan recommendations Barclays recommendations
• Negative Sentiment: The deep-dive coverage flags a cautious outlook and supply constraints, which could limit the company’s ability to convert demand and design wins into near-term growth. MCHP Q3 CY2026 deep dive
• Negative Sentiment: Further target reductions from Citi, Truist and Jefferies add to concern that analysts are reassessing the outlook. Commentary also cited macro headwinds, tougher comparisons and potentially fading margin strength. Citi target cut Truist target cut Jefferies target reduction Microchip Technology outlook analysis

About Microchip Technology