B. Riley Cuts Earnings Estimates for Microchip Technology

Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) - Equities researchers at B. Riley lowered their Q2 2026 earnings per share estimates for shares of Microchip Technology in a research report issued on Thursday, April 24th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $0.03 per share for the quarter, down from their prior estimate of $0.05. B. Riley currently has a "Buy" rating and a $75.00 target price on the stock. The consensus estimate for Microchip Technology's current full-year earnings is $1.03 per share. B. Riley also issued estimates for Microchip Technology's Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.13 EPS, FY2026 earnings at $0.21 EPS, Q1 2027 earnings at $0.20 EPS, Q2 2027 earnings at $0.28 EPS, Q3 2027 earnings at $0.38 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.32 EPS.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.15). Microchip Technology had a return on equity of 12.62% and a net margin of 6.49%.

A number of other equities analysts have also recently commented on MCHP. Needham & Company LLC raised their target price on Microchip Technology from $60.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Piper Sandler restated an "overweight" rating and set a $65.00 target price (down from $85.00) on shares of Microchip Technology in a report on Friday, February 7th. Raymond James restated a "strong-buy" rating and set a $60.00 target price (down from $95.00) on shares of Microchip Technology in a report on Friday, February 7th. Citigroup lowered their target price on Microchip Technology from $65.00 to $50.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, KeyCorp reduced their price target on Microchip Technology from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $66.79.

Microchip Technology Trading Down 1.7 %

Microchip Technology stock traded down $0.76 during midday trading on Friday, reaching $45.16. 2,712,073 shares of the stock traded hands, compared to its average volume of 8,217,298. The company has a 50-day simple moving average of $48.79 and a two-hundred day simple moving average of $57.99. Microchip Technology has a 12-month low of $34.13 and a 12-month high of $100.57. The firm has a market cap of $24.29 billion, a PE ratio of 80.64 and a beta of 1.51. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.12.

Institutional Investors Weigh In On Microchip Technology

Hedge funds have recently modified their holdings of the stock. Mainstream Capital Management LLC acquired a new stake in shares of Microchip Technology in the fourth quarter worth approximately $26,000. Rakuten Securities Inc. boosted its position in shares of Microchip Technology by 309.5% in the fourth 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 last quarter. OFI Invest Asset Management acquired a new position in Microchip Technology during the fourth quarter valued at approximately $29,000. Garde Capital Inc. acquired a new position in Microchip Technology during the first quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new position in Microchip Technology during the fourth quarter valued at approximately $32,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $60.88, for a total value of $226,717.12. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company's stock.

Microchip Technology Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a dividend of $0.455 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.82 annualized dividend and a dividend yield of 4.03%. Microchip Technology's dividend payout ratio is currently 325.00%.

About Microchip Technology

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.