Microchip Technology (NASDAQ:MCHP) Price Target Raised to $120.00 at Susquehanna

Key Points

• Susquehanna raised its price target on Microchip to $120 with a "positive" rating, implying roughly a 15% upside from the prior close and reflecting renewed analyst optimism.
• Microchip beat Q4 expectations with $1.311B in revenue (up 35.1% YoY) and EPS of $0.57, and guided Q1 FY27 EPS to $0.67–$0.71, citing strong demand across automotive, industrial and AI/data‑center segments.
• The board declared a quarterly dividend of $0.455/share, while CEO Steve Sanghi sold 416,581 shares under a 10b5‑1 plan (reducing his stake ~4.2%), amid high institutional ownership (~91.5%).

Microchip Technology (NASDAQ:MCHP - Get Free Report) had its price objective upped by investment analysts at Susquehanna from $95.00 to $120.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "positive" rating on the semiconductor company's stock. Susquehanna's price target would indicate a potential upside of 15.05% from the company's previous close.

A number of other brokerages have also issued reports on MCHP. UBS Group upped their target price on shares of Microchip Technology from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, January 26th. Wall Street Zen lowered Microchip Technology from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Truist Financial lifted their target price on Microchip Technology from $60.00 to $68.00 and gave the company a "hold" rating in a research note on Friday, February 6th. Bank of America upgraded Microchip Technology from a "neutral" rating to a "buy" rating and set a $95.00 price target on the stock in a report on Wednesday, January 28th. Finally, Barclays started coverage on Microchip Technology in a report on Thursday, February 12th. They set an "equal weight" rating and a $80.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Microchip Technology presently has an average rating of "Moderate Buy" and an average target price of $89.09.

Microchip Technology Price Performance

Shares of Microchip Technology stock opened at $104.30 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.16 and a current ratio of 2.16. The firm's 50-day simple moving average is $73.27 and its 200-day simple moving average is $69.20. Microchip Technology has a twelve month low of $48.52 and a twelve month high of $103.83. The firm has a market cap of $56.44 billion, a P/E ratio of -358.03, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.07. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.26 billion. Microchip Technology had a positive return on equity of 7.16% and a negative net margin of 1.57%.The business's revenue was up 35.1% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, research analysts expect that Microchip Technology will post 1.16 EPS for the current fiscal year.

Insider Transactions at Microchip Technology

In other Microchip Technology news, CEO Steve Sanghi sold 416,581 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $88.53, for a total transaction of $36,879,915.93. Following the sale, the chief executive officer directly owned 9,495,805 shares in the company, valued at approximately $840,663,616.65. This trade represents a 4.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 526,552 shares of company stock valued at $47,130,465 over the last ninety days. 1.94% of the stock is currently owned by insiders.

Institutional Trading of Microchip Technology

A number of hedge funds and other institutional investors have recently modified their holdings of MCHP. Winnow Wealth LLC acquired a new stake in Microchip Technology during the 3rd quarter valued at $25,000. Root Financial Partners LLC bought a new stake in shares of Microchip Technology during the 3rd quarter worth about $28,000. EFG International AG acquired a new position in Microchip Technology in the 4th quarter valued at about $29,000. Miller Capital Partners Inc. bought a new position in Microchip Technology in the 4th quarter valued at about $29,000. Finally, Quent Capital LLC acquired a new stake in Microchip Technology during the third quarter worth approximately $32,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Key Stories Impacting Microchip Technology

Here are the key news stories impacting Microchip Technology this week:

• Positive Sentiment: Q4 results beat and revenue surge: Microchip reported fiscal Q4 net sales of $1.311B (up 35.1% YoY) and EPS that topped estimates, driving upside momentum as sales and margins improved. Microchip Technology Announces Financial Results for Fourth Quarter and Fiscal Year 2026
• Positive Sentiment: Strong guidance: Management guided Q1 (FY27) revenue and EPS above Street expectations — midpoint guidance implies meaningful sequential growth and reassures investors on demand across industrial, automotive and AI/data‑center segments. Microchip Tech forecasts quarterly revenue above estimates on strong chip demand
• Positive Sentiment: Analyst price‑target upgrades: Needham and Rosenblatt raised their MCHP targets to $120 and maintain buy ratings, signaling renewed analyst confidence and supporting near‑term upside. Benzinga
• Positive Sentiment: Quarterly dividend declared: Board approved a $0.455/share quarterly cash dividend (ex‑dividend May 22, payable June 5), which supports income investor interest and reduces sell pressure from yield‑seeking holders. Microchip Technology Announces Quarterly Cash Dividend
• Positive Sentiment: New product and data‑center tie‑ups: Product launches (LAN878x/LAN888x SPE PHYs for automotive/industrial) and timing modules developed with Intel expand addressable markets in automotive, industrial networking and AI/data‑center timing — supportive for medium‑term revenue growth. Next‑Generation 100/1000BASE‑T1 Single Pair Ethernet PHYs Microchip And Intel Timing Modules Spotlight
• Neutral Sentiment: Analyst commentary & transcripts: Earnings call transcript and multiple writeups provide detail for investors but add more color than new catalysts — useful for due diligence but not an immediate price driver. Q4 2026 Earnings Call Transcript
• Neutral Sentiment: Valuation/positioning pieces: Commentary asking whether it’s “too late” to buy after the recent run is opinion‑driven; such pieces can create short‑term volatility but don’t change the company’s underlying results. Is It Too Late To Consider Microchip Technology (MCHP)

About Microchip Technology

Microchip Technology Inc is a semiconductor company headquartered in Chandler, Arizona, that designs, develops and supplies a broad portfolio of embedded control and analog semiconductors. Its product lineup centers on microcontrollers (including the well-known PIC family), digital signal controllers and associated development tools and software, along with a range of mixed-signal and analog devices, nonvolatile memory, power management, timing, interface, wireless and security products. The company also provides integrated hardware and software solutions intended to simplify embedded design and accelerate time to market for OEMs and contract manufacturers.

Microchip's products are used across a wide range of end markets, including automotive, industrial automation, consumer electronics, communications, aerospace and defense, and Internet of Things (IoT) applications.

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