Research Analysts’ Recent Ratings Changes for Microchip Technology (MCHP)

Several analysts have recently updated their ratings and price targets for Microchip Technology (NASDAQ: MCHP):

• 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.

Microchip Technology Stock Down 2.8 %

MCHP traded down $1.53 during trading on Tuesday, reaching $52.36. The stock had a trading volume of 8,662,969 shares, compared to its average volume of 7,028,902. The stock’s 50 day moving average is $56.13 and its two-hundred day moving average is $64.49. Microchip Technology Incorporated has a one year low of $49.92 and a one year high of $100.57. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 93.50 and a beta of 1.52. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.12.

Microchip Technology (NASDAQ:MCHP) last released its quarterly 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 net margin of 6.49% and a return on equity of 12.62%. As a group, analysts expect that Microchip Technology Incorporated will post 1.03 earnings per share for the current year.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a $0.455 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.82 annualized dividend and a yield of 3.48%. Microchip Technology’s dividend payout ratio (DPR) is currently 325.00%.

Insiders Place Their Bets

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

Institutional Trading of Microchip Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCHP. Mainstream Capital Management LLC purchased a new position in shares of Microchip Technology during the 4th quarter valued at approximately $26,000. Rakuten Securities Inc. raised its holdings in shares of Microchip Technology by 309.5% during the 4th quarter. Rakuten Securities Inc. now owns 475 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 359 shares during the period. OFI Invest Asset Management acquired a new position in shares of Microchip Technology during the 4th quarter valued at about $29,000. Financial Life Planners acquired a new stake in shares of Microchip Technology during the 4th quarter worth approximately $32,000. Finally, Truvestments Capital LLC purchased a new position in Microchip Technology in the third quarter worth approximately $34,000. 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.