Q1 EPS Estimates for Microchip Technology Raised by B. Riley

Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) - Equities research analysts at B. Riley boosted their Q1 2026 earnings per share estimates for shares of Microchip Technology in a research note issued on Wednesday, July 23rd. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $0.17 per share for the quarter, up from their previous forecast of $0.16. B. Riley currently has a "Buy" rating and a $75.00 price target 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 Q2 2026 earnings at $0.25 EPS, Q3 2026 earnings at $0.35 EPS, Q4 2026 earnings at $0.45 EPS and FY2026 earnings at $1.22 EPS.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC restated a "buy" rating and issued a $66.00 target price on shares of Microchip Technology in a report on Friday, May 9th. Cantor Fitzgerald assumed coverage on shares of Microchip Technology in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $70.00 price target on the stock. Wall Street Zen raised shares of Microchip Technology from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Rosenblatt Securities raised their target price on Microchip Technology from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Truist Financial upped their price target on Microchip Technology from $52.00 to $64.00 and gave the stock a "hold" rating in a research report on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $75.70.

Microchip Technology Stock Up 2.1%

Shares of NASDAQ:MCHP traded up $1.40 during trading on Thursday, reaching $69.21. 8,352,945 shares of the stock traded hands, compared to its average volume of 7,450,901. The stock has a 50-day moving average of $67.83 and a two-hundred day moving average of $57.38. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $89.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.59. The stock has a market cap of $37.35 billion, a P/E ratio of -6,921.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.52.

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

Institutional Trading of Microchip Technology

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Microchip Technology during the fourth quarter valued at $452,627,000. Orbis Allan Gray Ltd purchased a new position in shares of Microchip Technology in the first quarter worth about $369,612,000. Invesco Ltd. lifted its stake in shares of Microchip Technology by 63.0% in the first quarter. Invesco Ltd. now owns 16,707,031 shares of the semiconductor company's stock worth $808,787,000 after buying an additional 6,459,123 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Microchip Technology by 138.9% in the first quarter. Goldman Sachs Group Inc. now owns 8,834,550 shares of the semiconductor company's stock worth $427,681,000 after buying an additional 5,136,154 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Microchip Technology by 273.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,345,096 shares of the semiconductor company's stock worth $306,541,000 after buying an additional 3,912,895 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO James Eric Bjornholt sold 2,015 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $55.78, for a total value of $112,396.70. Following the sale, the chief financial officer directly owned 34,313 shares of the company's stock, valued at $1,913,979.14. This represents a 5.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karlton D. Johnson sold 494 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $60.69, for a total transaction of $29,980.86. Following the completion of the sale, the director directly owned 3,468 shares in the company, valued at $210,472.92. This trade represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Microchip Technology Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid 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 yield of 2.63%. Microchip Technology's payout ratio is -18,200.00%.

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.