Microchip Technology (NASDAQ:MCHP) Given New $85.00 Price Target at B. Riley Financial

Microchip Technology (NASDAQ:MCHP) had its price objective reduced by B. Riley Financial from $98.00 to $85.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities research analysts also recently issued reports on MCHP. Susquehanna lowered their price target on Microchip Technology from $120.00 to $100.00 and set a “positive” rating on the stock in a research report on Friday. Truist Financial cut their price objective on Microchip Technology from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 7th. KeyCorp dropped their price target on Microchip Technology from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday. Zacks Research lowered Microchip Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Rosenblatt Securities dropped their target price on shares of Microchip Technology from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.64.

Microchip Technology Stock Down 10.0%

NASDAQ MCHP traded down $6.50 during trading on Friday, reaching $58.35. The company’s stock had a trading volume of 47,392,436 shares, compared to its average volume of 10,941,434. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $31.68 billion, a PE ratio of 44.20, a PEG ratio of 0.52 and a beta of 1.84. Microchip Technology has a 1-year low of $48.52 and a 1-year high of $105.91. The business has a 50-day moving average price of $74.85 and a 200-day moving average price of $79.41.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data 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 net margin of 9.34% and a return on equity of 14.97%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the business earned $0.35 EPS. Microchip Technology’s quarterly revenue was up 42.2% compared to the same quarter last year. On average, research analysts forecast that Microchip Technology will post 3.20 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Monday, November 23rd will be given a $0.4550 dividend. The ex-dividend date is Monday, November 23rd. This represents a $1.82 dividend on an annualized basis and a yield of 3.1%. Microchip Technology’s payout ratio is 271.64%.

Insider Buying and Selling

In related news, CFO James Bjornholt sold 4,112 shares of the firm’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 completion of the sale, the chief financial officer directly owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This trade represents a 12.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Microchip Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCHP. MSH Capital Advisors LLC lifted its position in Microchip Technology by 6.3% during the 3rd quarter. MSH Capital Advisors LLC now owns 3,823 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 228 shares during the period. Diversified Trust Co raised its position in shares of Microchip Technology by 77.4% during the 3rd 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 raised its position in shares of Microchip Technology by 403.4% during the 3rd 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 lifted its stake in shares of Microchip Technology by 18.8% in the 3rd 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 during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Microchip Technology by 6.8% in the 3rd 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 during the period. Institutional investors and hedge funds 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

Microchip Technology Company Profile