Microchip Technology (NASDAQ:MCHP) Releases Q1 2026 Earnings Guidance

Microchip Technology (NASDAQ:MCHP - Get Free Report) updated its first quarter 2026 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.220-0.260 for the period, compared to the consensus estimate of 0.220. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MCHP. Stifel Nicolaus boosted their price target on shares of Microchip Technology from $60.00 to $70.00 and gave the company a "buy" rating in a report on Friday, May 9th. B. Riley lifted their price objective on shares of Microchip Technology from $60.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Raymond James Financial lifted their price objective on shares of Microchip Technology from $60.00 to $65.00 and gave the company a "strong-buy" rating in a research note on Friday, May 9th. Wall Street Zen cut shares of Microchip Technology from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Microchip Technology in a research note on Wednesday, June 18th. They set a "neutral" rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.15.

Microchip Technology Stock Down 1.1%

Microchip Technology stock opened at $70.78 on Friday. The company has a market capitalization of $38.18 billion, a P/E ratio of -7,078.00, a P/E/G ratio of 2.13 and a beta of 1.48. The firm's fifty day simple moving average is $58.09 and its 200-day simple moving average is $55.28. The company has a current ratio of 2.59, a quick ratio of 1.47 and a debt-to-equity ratio of 0.80. Microchip Technology has a 1-year low of $34.13 and a 1-year high of $96.98.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $970.50 million for the quarter, compared to the consensus estimate of $962.86 million. Microchip Technology had a negative net margin of 0.01% and a positive return on equity of 8.55%. Microchip Technology's revenue for the quarter was down 26.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. Sell-side analysts forecast that Microchip Technology will post 1.03 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.455 per share. The ex-dividend date was Thursday, May 22nd. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.57%. Microchip Technology's dividend payout ratio is currently -18,200.00%.

Insider Activity at Microchip Technology

In related news, Director Karlton D. Johnson sold 494 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $60.69, for a total value of $29,980.86. Following the transaction, the director now directly owns 3,468 shares in the company, valued at approximately $210,472.92. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO James Eric Bjornholt sold 2,015 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.78, for a total transaction of $112,396.70. Following the completion of the transaction, the chief financial officer now owns 34,313 shares in the company, valued at $1,913,979.14. The trade was a 5.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Microchip Technology stock. Geneos Wealth Management Inc. grew its stake in Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 101.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,221 shares of the semiconductor company's stock after purchasing an additional 616 shares during the period. Geneos Wealth Management Inc.'s holdings in Microchip Technology were worth $59,000 as of its most recent SEC filing. 91.51% of the stock is owned by institutional investors.

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.

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