Microchip Technology (NASDAQ:MCHP) Given New $90.00 Price Target at Susquehanna

Microchip Technology (NASDAQ:MCHP) had its price objective boosted by equities researchers at Susquehanna from $75.00 to $90.00 in a report released on Thursday,Benzinga reports. The firm presently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target suggests a potential upside of 18.11% from the stock’s previous close.

MCHP has been the subject of several other reports. KeyCorp reiterated an “overweight” rating on shares of Microchip Technology in a report on Wednesday, December 3rd. B. Riley upped their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Needham & Company LLC lifted their price target on Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Microchip Technology in a research note on Wednesday, October 8th. Finally, Wolfe Research set a $85.00 price objective on Microchip Technology in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.82.

Microchip Technology Stock Performance

MCHP stock opened at $76.20 on Thursday. The firm has a 50 day simple moving average of $64.00 and a 200 day simple moving average of $65.29. Microchip Technology has a 52 week low of $34.13 and a 52 week high of $77.20. The stock has a market cap of $41.18 billion, a P/E ratio of -169.33, a P/E/G ratio of 2.17 and a beta of 1.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 2.25.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Microchip Technology had a negative net margin of 4.39% and a positive return on equity of 5.21%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Research analysts anticipate that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $50.39, for a total value of $216,273.88. Following the sale, the chief financial officer owned 30,089 shares of the company’s stock, valued at $1,516,184.71. This trade represents a 12.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MCHP. Winnow Wealth LLC bought a new position in Microchip Technology during the third quarter worth $25,000. Root Financial Partners LLC bought a new stake in Microchip Technology in the 3rd quarter valued at $28,000. Salomon & Ludwin LLC grew its position in Microchip Technology by 219.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 479 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 329 shares during the last quarter. Quent Capital LLC bought a new position in shares of Microchip Technology during the 3rd quarter worth about $32,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Microchip Technology by 106.8% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 517 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 267 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip’s products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.