Microchip Technology (NASDAQ:MCHP) Price Target Raised to $120.00

Microchip Technology (NASDAQ:MCHP) had its price objective lifted by equities researchers at Needham & Company LLC from $84.00 to $120.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target indicates a potential upside of 18.13% from the stock’s previous close.

A number of other research firms have also recently commented on MCHP. Rosenblatt Securities increased their target price on Microchip Technology from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Zacks Research cut Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group increased their target price on Microchip Technology from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Piper Sandler increased their target price on Microchip Technology from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings raised Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.78.

Microchip Technology Price Performance

Shares of MCHP stock opened at $101.58 on Friday. The stock has a market cap of $54.97 billion, a price-to-earnings ratio of -350.28, a PEG ratio of 1.38 and a beta of 1.75. The business’s fifty day moving average is $73.27 and its 200 day moving average is $69.20. Microchip Technology has a twelve month low of $48.52 and a twelve month high of $103.24. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

Microchip Technology (NASDAQ:MCHP) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. Research analysts expect that Microchip Technology will post 1.16 EPS for the current fiscal year.

Insider Activity

In other news, CEO Steve Sanghi sold 416,581 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the transaction, the chief executive officer directly owned 9,495,805 shares of the company’s stock, valued at $840,663,616.65. This represents a 4.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 526,552 shares of company stock worth $47,130,465 over the last 90 days. Corporate insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Resonant Capital Advisors LLC lifted its holdings in shares of Microchip Technology by 0.9% during the first quarter. Resonant Capital Advisors LLC now owns 12,542 shares of the semiconductor company’s stock valued at $810,000 after purchasing an additional 118 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Microchip Technology by 25.8% during the fourth quarter. MCF Advisors LLC now owns 659 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 135 shares in the last quarter. Gagnon Securities LLC lifted its holdings in shares of Microchip Technology by 0.5% during the fourth quarter. Gagnon Securities LLC now owns 27,162 shares of the semiconductor company’s stock valued at $1,731,000 after purchasing an additional 137 shares in the last quarter. Evelyn Partners Investment Management LLP lifted its holdings in shares of Microchip Technology by 1.5% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 9,300 shares of the semiconductor company’s stock valued at $593,000 after purchasing an additional 140 shares in the last quarter. Finally, Millstone Evans Group LLC lifted its holdings in shares of Microchip Technology by 23.7% during the fourth quarter. Millstone Evans Group LLC now owns 742 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 142 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

More Microchip Technology News

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

• Positive Sentiment: Q4 results beat and management raised near?term outlook: revenue $1.311B (+35.1% YoY), non?GAAP EPS $0.57 vs $0.50 consensus, and fiscal Q1 guidance (EPS $0.670–0.710; revenue $1.4B–$1.5B) well above Street estimates — the main driver of the stock’s upside. Microchip Tech forecasts quarterly revenue above estimates on strong chip demand
• Positive Sentiment: Board declared a quarterly cash dividend of $0.455/share (payable June 5, record/ex?div May 22), yielding ~1.8% — modest income support and signals confidence in cash flow. Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share
• Positive Sentiment: New product wins expand addressable markets: announced next?gen Single Pair Ethernet PHY families for automotive/industrial (supports MACsec, TSN, functional safety) — helps capture Software?Defined Vehicle and industrial Ethernet demand. Next?Generation 100/1000BASE?T1 Single Pair Ethernet PHYs Integrate MACsec Security, Time Sensitive Networking and Functional Safety
• Positive Sentiment: Data center product collaboration with Intel — new MD?990 timing modules target distributed AI and 5G vRAN servers, expanding Microchip’s presence in low?latency datacenter infrastructure. Microchip And Intel Timing Modules Spotlight Data Center Valuation Questions
• Positive Sentiment: Sector analyst momentum: Morgan Stanley raised price targets across semiconductors, including Microchip — supportive macro/sector backdrop. Morgan Stanley raises price targets across semiconductor sector
• Neutral Sentiment: Earnings call transcript and slide deck are available for detail on product demand, inventory trends and margin drivers (useful if you model forward margins). Microchip Technology Incorporated (MCHP) Q4 2026 Earnings Call Transcript
• Neutral Sentiment: Investor commentary on the recent price run-up questions valuation — many articles note a large multi?month surge; this is a reminder to weigh growth vs stretched multiples. Is It Too Late To Consider Microchip Technology (MCHP) After Its Recent Share Price Surge
• Negative Sentiment: GAAP profitability nuances: despite strong non?GAAP results, MarketBeat notes a negative GAAP net margin (one?time/adjustment effects may be weighing on GAAP profit); investors should check whether charges are recurring. Microchip Technology issued its quarterly earnings data

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.