Microchip Technology (NASDAQ:MCHP) Stock Price Target Lowered at Barclays

Key Points

• Barclays cut its Microchip Technology price target from $105 to $90 and maintained an “equal weight” rating; the new target implies 45.4% upside from the stock’s cited current price.
• Several other analysts also lowered their targets, though MarketBeat’s consensus remains “Moderate Buy,” with an average target of $90.05.
• Microchip shares rose 6.1% on Monday. Its latest quarterly results beat EPS and revenue estimates, while revenue increased 42.2% year over year.

Microchip Technology (NASDAQ:MCHP - Get Free Report) had its price objective cut by stock analysts at Barclays from $105.00 to $90.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the semiconductor company's stock. Barclays's price target points to a potential upside of 45.41% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald cut their price target on shares of Microchip Technology from $125.00 to $100.00 and set an "overweight" rating on the stock in a research report on Friday. TD Cowen decreased their price objective on Microchip Technology from $90.00 to $75.00 and set a "hold" rating for the company in a report on Monday, October 19th. Wells Fargo & Company decreased their price objective on Microchip Technology from $80.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday. KeyCorp lowered their target price on Microchip Technology from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Truist Financial dropped their target price on Microchip Technology from $90.00 to $62.00 and set a "hold" rating on the stock in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $90.05.

Microchip Technology Trading Up 6.1%

NASDAQ:MCHP traded up $3.54 on Monday, reaching $61.89. The company's stock had a trading volume of 4,044,750 shares, compared to its average volume of 10,521,482. 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 quick ratio of 1.33 and a current ratio of 2.24. The firm has a market cap of $33.61 billion, a PE ratio of 46.65, a PEG ratio of 0.40 and a beta of 1.84. The business's 50-day moving average price is $74.85 and its two-hundred day moving average price is $79.41.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its earnings results on Thursday, November 5th. The semiconductor company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.03. Microchip Technology had a net margin of 14.96% and a return on equity of 20.32%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the business earned $0.35 EPS. The company's revenue for the quarter was up 42.2% compared to the same quarter last year. Equities research analysts anticipate that Microchip Technology will post 3.20 earnings per share for the current fiscal year.

Insider Activity at Microchip Technology

In other news, CFO James Bjornholt sold 4,112 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares of the company's stock, valued at approximately $2,152,118.36. This represents a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.79% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Private Capital Advisors Inc. purchased a new stake in Microchip Technology in the third quarter worth approximately $21,230,000. Viking Fund Management LLC purchased a new stake in Microchip Technology during the third quarter valued at about $8,555,000. Junto Capital Management LP bought a new position in shares of Microchip Technology during the second quarter valued at about $38,537,000. Hsbc Holdings PLC grew its stake in shares of Microchip Technology by 13.0% during the first quarter. Hsbc Holdings PLC now owns 1,160,129 shares of the semiconductor company's stock valued at $74,649,000 after buying an additional 133,813 shares during the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new position in shares of Microchip Technology in the first quarter worth about $3,428,000. 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: Microchip’s data-center design wins and expanding AI and space-chip business point to potential growth opportunities. A recent analysis also highlighted strong data-center growth, though it cautioned that the outlook is uncertain. MCHP Q3 CY2026 deep dive Microchip added AI and space chips
• Neutral Sentiment: JPMorgan lowered its price target from $120 to $100 but maintained an Overweight rating, suggesting the firm remains constructive despite reducing its expectations. JPMorgan price-target update
• Negative Sentiment: Analysts including Citigroup, Truist and Jefferies have also cut their price targets. The series of reductions reinforces concerns about Microchip’s near-term outlook. Citigroup target cut Truist target cut Jefferies target cut
• Negative Sentiment: Recent coverage points to cautious guidance and supply constraints offsetting data-center wins. Commentary has also flagged macro headwinds and possible moderation in growth and margins, contributing to concern after an earlier analyst downgrade. Microchip has other problems besides a data-center slowdown

About Microchip Technology

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