JPMorgan Chase & Co. Issues Positive Forecast for Microchip Technology (NASDAQ:MCHP) Stock Price

Microchip Technology (NASDAQ:MCHP) had its target price lifted by analysts at JPMorgan Chase & Co. from $77.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.78% from the stock’s current price.

MCHP has been the topic of several other reports. Weiss Ratings restated a “sell (d+)” rating on shares of Microchip Technology in a report on Wednesday, October 8th. Stifel Nicolaus set a $80.00 price objective on shares of Microchip Technology and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC lifted their price target on Microchip Technology from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $80.00 price objective on shares of Microchip Technology in a research report on Tuesday. Finally, Cantor Fitzgerald raised Microchip Technology from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $85.00 in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.24.

Microchip Technology Trading Up 10.4%

Shares of NASDAQ MCHP traded up $7.00 during midday trading on Tuesday, reaching $74.06. 9,786,123 shares of the stock were exchanged, compared to its average volume of 8,741,292. Microchip Technology has a 12 month low of $34.13 and a 12 month high of $77.20. The company has a market capitalization of $40.02 billion, a price-to-earnings ratio of -164.54, a P/E/G ratio of 2.03 and a beta of 1.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.25 and a quick ratio of 1.20. The business has a 50-day simple moving average of $60.44 and a two-hundred day simple moving average of $64.96.

Microchip Technology (NASDAQ:MCHP) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Microchip Technology had a positive return on equity of 5.21% and a negative net margin of 4.39%.The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Microchip Technology has set its Q3 2026 guidance at 0.340-0.400 EPS. As a group, equities research analysts expect that Microchip Technology will post 1.03 EPS for the current year.

Insiders Place Their Bets

In other Microchip Technology news, CFO James Eric Bjornholt sold 4,292 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $50.39, for a total transaction of $216,273.88. Following the sale, the chief financial officer directly owned 30,089 shares of the company’s stock, valued at approximately $1,516,184.71. This represents a 12.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Microchip Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Microchip Technology during the second quarter worth approximately $473,320,000. Dodge & Cox increased its holdings in shares of Microchip Technology by 958.4% during the 2nd quarter. Dodge & Cox now owns 6,339,800 shares of the semiconductor company’s stock worth $446,132,000 after acquiring an additional 5,740,827 shares during the last quarter. Boston Partners raised its stake in Microchip Technology by 38.2% in the 2nd quarter. Boston Partners now owns 14,827,447 shares of the semiconductor company’s stock valued at $1,041,868,000 after acquiring an additional 4,101,034 shares during the period. State Street Corp lifted its holdings in Microchip Technology by 8.5% during the 2nd quarter. State Street Corp now owns 31,888,814 shares of the semiconductor company’s stock valued at $2,244,016,000 after purchasing an additional 2,489,258 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Microchip Technology by 25.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,048,057 shares of the semiconductor company’s stock worth $709,506,000 after purchasing an additional 2,257,932 shares during the period. 91.51% of the stock is owned by institutional investors.

Key Microchip Technology News

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

• Positive Sentiment: Company raised Q3 net sales guidance to about $1,185 million — above prior guidance ranges — citing recovery across end markets and strong bookings; management flagged solid March-quarter backlog. GlobeNewswire Release
• Positive Sentiment: Market coverage: Reuters reports the revenue raise and notes strong bookings drove a post-close jump in shares, highlighting the credibility of the guidance bump. Reuters: Microchip raises Q3 revenue forecast
• Positive Sentiment: Yahoo Finance and Benzinga coverage summarize the updated outlook and the company commentary about bookings and backlog, reinforcing the market reaction. Yahoo: Microchip raises Q3 revenue forecast
• Positive Sentiment: Analysts responded: Needham raised its price target to $77 (buy) and Rosenblatt reaffirmed a buy with an $80 target — these upgrades/reaffirmations support further upside. Benzinga coverage of analyst moves
• Positive Sentiment: Some brokers increased targets after the guidance bump (one Benzinga piece notes an analyst raised a target by $8 following the second guidance increase), adding to bullish coverage momentum. Benzinga: Analyst raises PT by $8
• Neutral Sentiment: Roundups and analyst notes (e.g., “13 analysts have this to say”, Tokenist/MSN summaries) provide mixed takes on valuation vs. improving demand — useful for context but less catalytic than the guidance change. Benzinga: 13 analysts
• Negative Sentiment: Morgan Stanley raised its target slightly to $69 but kept an “equal weight” rating — that target sits below the current market level and signals some analysts see limited near-term upside, which could cap gains if sentiment cools. Benzinga: Morgan Stanley note

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.