Wells Fargo & Company Issues Positive Forecast for Microchip Technology (NASDAQ:MCHP) Stock Price

Posted by Amy Steele on May 9th, 2026

Microchip Technology (NASDAQ:MCHP – Free Report) had its price objective lifted by Wells Fargo & Company from $75.00 to $95.00 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

Other equities research analysts also recently issued research reports about the stock. Truist Financial upped their price objective on shares of Microchip Technology from $60.00 to $68.00 and gave the stock a “hold” rating in a report on Friday, February 6th. Rosenblatt Securities boosted their price target on shares of Microchip Technology from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings raised shares of Microchip Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, April 24th. KeyCorp reiterated an “overweight” rating and issued a $85.00 price objective on shares of Microchip Technology in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on Microchip Technology from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.35.

View Our Latest Research Report on Microchip Technology

Microchip Technology Stock Down 2.5%

MCHP opened at $99.09 on Friday. The stock’s 50 day moving average price is $73.27 and its 200 day moving average price is $69.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.16. The stock has a market cap of $53.62 billion, a P/E ratio of 471.88, a P/E/G ratio of 1.36 and a beta of 1.75. Microchip Technology has a 12 month low of $48.52 and a 12 month high of $105.91.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Microchip Technology had a return on equity of 10.76% and a net margin of 4.88%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Microchip Technology has set its Q1 2027 guidance at 0.670-0.710 EPS. As a group, research analysts predict that Microchip Technology will post 2.14 earnings per share for the current year.

Microchip Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.455 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.82 annualized dividend and a dividend yield of 1.8%. Microchip Technology’s dividend payout ratio (DPR) is 866.67%.

Insider Activity at Microchip Technology

In related news, CEO Steve Sanghi sold 76,469 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.58, for a total transaction of $7,155,969.02. Following the completion of the sale, the chief executive officer directly owned 9,385,834 shares of the company’s stock, valued at $878,326,345.72. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 526,552 shares of company stock valued at $47,130,465. 1.94% of the stock is owned by insiders.

Hedge Funds Weigh In On Microchip Technology

A number of hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC raised its holdings in shares of Microchip Technology by 3,833.7% during the fourth quarter. Wolverine Asset Management LLC now owns 37,921 shares of the semiconductor company’s stock valued at $2,416,000 after acquiring an additional 36,957 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Microchip Technology by 2.1% during the third quarter. Vanguard Group Inc. now owns 72,075,558 shares of the semiconductor company’s stock worth $4,628,692,000 after purchasing an additional 1,507,554 shares during the period. PNC Financial Services Group Inc. grew its position in Microchip Technology by 13.5% during the third quarter. PNC Financial Services Group Inc. now owns 209,384 shares of the semiconductor company’s stock valued at $13,447,000 after purchasing an additional 24,963 shares in the last quarter. Natixis Advisors LLC increased its stake in Microchip Technology by 18.7% in the 3rd quarter. Natixis Advisors LLC now owns 1,233,018 shares of the semiconductor company’s stock valued at $79,184,000 after buying an additional 194,048 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in Microchip Technology by 18.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,470,059 shares of the semiconductor company’s stock worth $94,407,000 after buying an additional 226,078 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Microchip Technology

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

Positive Sentiment: Microchip delivered stronger-than-expected fiscal Q4 results, with earnings and revenue topping estimates and bookings improving, which supports the case for a recovery in demand. MCHP Q4 Earnings Top Estimates, Broad-Based Demand Recovery Aids Sales
Positive Sentiment: Analysts quickly turned more constructive after the report, with multiple firms raising price targets to $113-$120 and several reiterating buy/overweight-type ratings, signaling increased confidence in earnings momentum. Analysts Boost Their Forecasts Following Upbeat Q4 Results
Positive Sentiment: Citigroup, JPMorgan, Susquehanna, Needham, Rosenblatt and others lifted targets, reinforcing the view that Microchip’s recovery is broadening and that shares may still have room to run. Tickerreport.com
Positive Sentiment: The company also increased its quarterly dividend to 45.5 cents per share, which may appeal to income-focused investors and reflects confidence in cash generation. Microchip Technology Announces Quarterly Cash Dividend on Common Stock of 45.5 Cents Per Share

About Microchip Technology

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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.