Microchip Technology (NASDAQ:MCHP) Price Target Raised to $68.00

Microchip Technology (NASDAQ:MCHP) had its price objective boosted by stock analysts at Wells Fargo & Company from $58.00 to $68.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 6.77% from the company’s current price.

A number of other brokerages have also recently commented on MCHP. Truist Financial reissued a “hold” rating and issued a $60.00 price objective (down from $64.00) on shares of Microchip Technology in a research note on Friday, November 7th. TD Cowen cut their price target on shares of Microchip Technology from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Needham & Company LLC raised their price target on shares of Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley upped their price target on Microchip Technology from $68.00 to $69.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Microchip Technology from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.71.

Microchip Technology Price Performance

Microchip Technology stock opened at $72.94 on Wednesday. The stock has a market capitalization of $39.42 billion, a PE ratio of -163.00, a price-to-earnings-growth ratio of 2.10 and a beta of 1.46. The business has a 50 day simple moving average of $60.66 and a 200-day simple moving average of $65.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. Microchip Technology has a 12 month low of $34.13 and a 12 month high of $77.20.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. Equities analysts predict that Microchip Technology will post 1.03 earnings per share for the current year.

Insider Buying and Selling at Microchip Technology

In related news, CFO James Eric Bjornholt sold 4,292 shares of Microchip Technology stock in a transaction 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 transaction, the chief financial officer directly owned 30,089 shares in the company, valued at $1,516,184.71. The trade was a 12.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Microchip Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCHP. AQR Capital Management LLC increased its stake in Microchip Technology by 51.3% in the 1st quarter. AQR Capital Management LLC now owns 17,201 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 5,835 shares during the period. Alliancebernstein L.P. lifted its position in Microchip Technology by 0.9% during the 1st quarter. Alliancebernstein L.P. now owns 619,195 shares of the semiconductor company’s stock worth $29,975,000 after acquiring an additional 5,409 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Microchip Technology by 61.9% during the first quarter. NewEdge Advisors LLC now owns 40,512 shares of the semiconductor company’s stock worth $1,961,000 after buying an additional 15,491 shares during the last quarter. Kestra Investment Management LLC increased its holdings in shares of Microchip Technology by 4,141.2% during the 1st quarter. Kestra Investment Management LLC now owns 2,163 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 2,112 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in shares of Microchip Technology during the 1st quarter worth approximately $294,000. Institutional investors and hedge funds 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 raised its Q3 fiscal 2026 net sales guidance to about $1,185M (above prior guidance) and cited strong bookings and recovering end markets — the core driver of the stock rally. Microchip Technology Provides Q3 Fiscal 2026 Business Update
• Positive Sentiment: Reuters reported Microchip raised its Q3 revenue forecast on strong bookings, reinforcing the company update and contributing to after?hours upside. Microchip Technology raises Q3 revenue forecast on strong bookings
• Positive Sentiment: Multiple outlets and trade reports note Microchip pre?announced a December?quarter beat (net sales above guidance), which markets interpreted as confirmation the recovery is broadening. This is cited across coverage as the main catalyst for the intraday surge. Why Microchip Technology Rallied Double-Digits Today
• Positive Sentiment: News outlets and market summaries report the stock “surged” after the guidance bump and outlook comments, highlighting investor enthusiasm around bookings and backlog strength into March. Microchip Technology (MCHP) Surges 11.6% on Net Sales Beat, Bright Outlook
• Positive Sentiment: Analysts reacted: JPMorgan raised its price target to $85 and put an overweight rating on MCHP; Rosenblatt reaffirmed buy with an $80 target; Needham nudged its target higher — analyst upgrades and target increases supported momentum. Benzinga analyst coverage
• Neutral Sentiment: Aggregated analyst commentary pieces and roundups (13-analyst views, post?earnings buy/sell/hold discussions) are circulating — useful for gauging consensus but not a single decisive catalyst. 13 Analysts Have This To Say About Microchip Technology
• Negative Sentiment: Morgan Stanley left an equal?weight rating and a lower $69 price target, which implies downside versus current levels and could cap enthusiasm if the broader macro or demand signals soften. Benzinga: Morgan Stanley coverage

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.