What is B. Riley’s Estimate for MCHP FY2027 Earnings?

Microchip Technology Incorporated (NASDAQ:MCHP) – Equities researchers at B. Riley issued their FY2027 EPS estimates for Microchip Technology in a research note issued on Monday, February 24th. B. Riley analyst C. Ellis forecasts that the semiconductor company will earn $1.46 per share for the year. B. Riley currently has a “Buy” rating and a $75.00 target price on the stock. The consensus estimate for Microchip Technology’s current full-year earnings is $1.03 per share.

MCHP has been the topic of several other reports. Mizuho decreased their price target on shares of Microchip Technology from $85.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Bank of America cut Microchip Technology from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $80.00 to $65.00 in a report on Monday, December 16th. TD Cowen cut their price target on Microchip Technology from $80.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Microchip Technology in a research note on Thursday, February 6th. Finally, Susquehanna cut their price objective on Microchip Technology from $95.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.11.

Microchip Technology Price Performance

NASDAQ MCHP opened at $60.19 on Wednesday. The company has a 50-day moving average price of $56.78 and a 200-day moving average price of $67.77. Microchip Technology has a 52 week low of $50.21 and a 52 week high of $100.57. The company has a quick ratio of 1.23, a current ratio of 2.25 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $32.37 billion, a P/E ratio of 107.48 and a beta of 1.50.

Microchip Technology (NASDAQ:MCHP) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.15). Microchip Technology had a net margin of 6.49% and a return on equity of 12.62%.

Institutional Investors Weigh In On Microchip Technology

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Microchip Technology in the 4th quarter worth about $452,627,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Microchip Technology by 273.2% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,345,096 shares of the semiconductor company’s stock valued at $306,541,000 after buying an additional 3,912,895 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Microchip Technology by 39.3% in the fourth quarter. Van ECK Associates Corp now owns 11,093,007 shares of the semiconductor company’s stock worth $636,184,000 after buying an additional 3,131,807 shares during the period. Franklin Resources Inc. lifted its stake in shares of Microchip Technology by 90.0% during the 4th quarter. Franklin Resources Inc. now owns 6,360,805 shares of the semiconductor company’s stock worth $364,792,000 after acquiring an additional 3,013,162 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Microchip Technology by 9,901.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,857,654 shares of the semiconductor company’s stock valued at $163,886,000 after acquiring an additional 2,829,082 shares during the period. Institutional investors own 91.51% of the company’s stock.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Monday, February 24th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Monday, February 24th. Microchip Technology’s dividend payout ratio (DPR) is 325.00%.

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.