Weekly Investment Analysts’ Ratings Updates for Microchip Technology (MCHP)

Microchip Technology (NASDAQ: MCHP) recently received a number of ratings updates from brokerages and research firms:

• 3/4/2025 – Microchip Technology had its price target raised by analysts at Evercore ISI from $65.00 to $71.00. They now have an “outperform” rating on the stock.
• 3/4/2025 – Microchip Technology had its price target raised by analysts at Mizuho from $58.00 to $68.00. They now have an “outperform” rating on the stock.
• 3/4/2025 – Microchip Technology had its price target raised by analysts at TD Cowen from $50.00 to $60.00. They now have a “hold” rating on the stock.
• 3/4/2025 – Microchip Technology had its price target raised by analysts at Needham & Company LLC from $60.00 to $66.00. They now have a “buy” rating on the stock.
• 3/4/2025 – Microchip Technology had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $70.00 price target on the stock.
• 2/10/2025 – Microchip Technology was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/7/2025 – Microchip Technology had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $60.00 price target on the stock, down previously from $95.00.
• 2/7/2025 – Microchip Technology had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $65.00 price target on the stock, down previously from $85.00.
• 2/7/2025 – Microchip Technology had its price target lowered by analysts at KeyCorp from $70.00 to $60.00. They now have an “overweight” rating on the stock.
• 2/7/2025 – Microchip Technology had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $75.00 price target on the stock, down previously from $85.00.
• 2/7/2025 – Microchip Technology had its price target lowered by analysts at Needham & Company LLC from $85.00 to $60.00. They now have a “buy” rating on the stock.
• 2/6/2025 – Microchip Technology had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $90.00 price target on the stock.
• 2/4/2025 – Microchip Technology had its price target lowered by analysts at Morgan Stanley from $71.00 to $58.00. They now have an “equal weight” rating on the stock.
• 1/24/2025 – Microchip Technology had its price target lowered by analysts at B. Riley from $93.00 to $85.00. They now have a “buy” rating on the stock.
• 1/14/2025 – Microchip Technology had its price target lowered by analysts at KeyCorp from $90.00 to $70.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – Microchip Technology had its price target lowered by analysts at Mizuho from $85.00 to $72.00. They now have an “outperform” rating on the stock.
• 1/10/2025 – Microchip Technology had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $72.00 to $63.00. They now have a “neutral” rating on the stock.

Microchip Technology Stock Up 2.6 %

Shares of NASDAQ MCHP traded up $1.50 during mid-day trading on Wednesday, reaching $59.64. The company had a trading volume of 8,642,687 shares, compared to its average volume of 10,069,227. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.23 and a current ratio of 2.25. Microchip Technology Incorporated has a twelve month low of $50.21 and a twelve month high of $100.57. The stock’s 50 day moving average is $56.93 and its 200-day moving average is $67.04. The stock has a market capitalization of $32.08 billion, a PE ratio of 106.50 and a beta of 1.50.

Microchip Technology (NASDAQ:MCHP) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.15). Microchip Technology had a return on equity of 12.62% and a net margin of 6.49%. As a group, equities analysts anticipate that Microchip Technology Incorporated will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.455 per share. The ex-dividend date is Monday, February 24th. This represents a $1.82 annualized dividend and a dividend yield of 3.05%. Microchip Technology’s dividend payout ratio (DPR) is 325.00%.

Insider Activity

In related news, CFO James Eric Bjornholt sold 3,724 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $60.88, for a total value of $226,717.12. Following the transaction, the chief financial officer now directly owns 33,272 shares of the company’s stock, valued at approximately $2,025,599.36. This trade represents a 10.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Microchip Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mainstream Capital Management LLC acquired a new position in Microchip Technology in the 4th quarter valued at $26,000. Rakuten Securities Inc. boosted its holdings in Microchip Technology by 309.5% during the fourth quarter. Rakuten Securities Inc. now owns 475 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 359 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Microchip Technology in the third quarter valued at about $29,000. OFI Invest Asset Management bought a new position in shares of Microchip Technology in the fourth quarter worth about $29,000. Finally, Financial Life Planners acquired a new position in shares of Microchip Technology during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.