Microchip Technology (NASDAQ:MCHP) Given New $85.00 Price Target at B. Riley

Microchip Technology (NASDAQ:MCHP) had its price target reduced by investment analysts at B. Riley from $93.00 to $85.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price target would suggest a potential upside of 50.74% from the company’s current price. B. Riley also issued estimates for Microchip Technology’s Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $1.27 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.47 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $1.76 EPS.

MCHP has been the topic of several other research reports. Stifel Nicolaus cut their price target on Microchip Technology from $90.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. The Goldman Sachs Group reduced their price target on shares of Microchip Technology from $72.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Piper Sandler dropped their price objective on shares of Microchip Technology from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Mizuho reduced their price objective on shares of Microchip Technology from $85.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Finally, TD Cowen dropped their target price on Microchip Technology from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Microchip Technology Trading Down 5.3 %

Shares of MCHP opened at $56.39 on Friday. The firm has a market capitalization of $30.28 billion, a price-to-earnings ratio of 39.43 and a beta of 1.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.88 and a quick ratio of 0.48. Microchip Technology has a 1-year low of $54.47 and a 1-year high of $100.57. The company has a 50-day moving average of $60.28 and a 200 day moving average of $72.63.

Microchip Technology (NASDAQ:MCHP) last announced its quarterly earnings results on Tuesday, November 5th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Microchip Technology had a return on equity of 19.47% and a net margin of 14.22%. Microchip Technology’s quarterly revenue was down 48.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 earnings per share. On average, research analysts expect that Microchip Technology will post 1.31 EPS for the current year.

Institutional Trading of Microchip Technology

Several institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC increased its stake in Microchip Technology by 27.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,940 shares of the semiconductor company’s stock worth $361,000 after buying an additional 859 shares in the last quarter. APG Asset Management N.V. raised its stake in Microchip Technology by 14.7% in the 2nd quarter. APG Asset Management N.V. now owns 416,117 shares of the semiconductor company’s stock valued at $35,526,000 after purchasing an additional 53,434 shares during the last quarter. MBB Public Markets I LLC purchased a new position in Microchip Technology in the 2nd quarter valued at $3,609,000. The Manufacturers Life Insurance Company grew its holdings in shares of Microchip Technology by 78.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,189,390 shares of the semiconductor company’s stock worth $200,329,000 after buying an additional 961,801 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Microchip Technology by 38.3% in the second quarter. Mackenzie Financial Corp now owns 64,624 shares of the semiconductor company’s stock valued at $5,913,000 after buying an additional 17,881 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Company Profile

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.