Rosenblatt Securities Issues Pessimistic Forecast for Microchip Technology (NASDAQ:MCHP) Stock Price

Microchip Technology (NASDAQ:MCHP) had its target price lowered by Rosenblatt Securities from $120.00 to $115.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Rosenblatt Securities‘s target price suggests a potential upside of 97.09% from the stock’s previous close.

Several other brokerages have also recently weighed in on MCHP. Cantor Fitzgerald decreased their target price on Microchip Technology from $125.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday. 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. Wells Fargo & Company dropped their price target on shares of Microchip Technology from $88.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Needham & Company LLC cut their price target on shares of Microchip Technology from $120.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Finally, Citigroup reduced their price objective on shares of Microchip Technology from $113.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Three investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.64.

Microchip Technology Price Performance

Shares of NASDAQ MCHP opened at $58.35 on Friday. Microchip Technology has a 1-year low of $48.52 and a 1-year high of $105.91. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.11. The business’s fifty day moving average price is $74.85 and its two-hundred day moving average price is $79.41. The firm has a market capitalization of $31.68 billion, a PE ratio of 44.20, a P/E/G ratio of 0.40 and a beta of 1.84.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, November 5th. The semiconductor company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Microchip Technology had a return on equity of 20.45% and a net margin of 14.96%. The firm’s revenue was up 42.2% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. On average, research analysts expect that Microchip Technology will post 3.20 EPS for the current year.

Insider Buying and Selling at Microchip Technology

In other Microchip Technology news, CFO James Bjornholt sold 4,112 shares of Microchip Technology stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $75.32, for a total value of $309,715.84. Following the completion of the sale, the chief financial officer owned 28,573 shares in the company, valued at $2,152,118.36. The trade was a 12.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.79% of the company’s stock.

Institutional Trading of Microchip Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. TOP Private Wealth LLC. acquired a new stake in shares of Microchip Technology in the 2nd quarter valued at $29,000. Continuum Advisory LLC acquired a new position in shares of Microchip Technology during the 2nd quarter worth $30,000. Johnson Financial Group Inc. acquired a new position in Microchip Technology during the second quarter worth about $31,000. Rakuten Securities Inc. bought a new position in Microchip Technology in the 2nd quarter valued at approximately $34,000. Finally, GK Wealth Management LLC acquired a new position in shares of Microchip Technology during the third quarter worth $29,000. 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: 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

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