Microchip Technology (MCHP) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Microchip Technology (NASDAQ: MCHP) recently:

• 2/10/2025 – Microchip Technology was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/7/2025 – Microchip Technology had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $60.00 price target on the stock, down previously from $95.00.
• 2/7/2025 – Microchip Technology had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $65.00 price target on the stock, down previously from $85.00.
• 2/7/2025 – Microchip Technology had its price target lowered by analysts at KeyCorp from $70.00 to $60.00. They now have an “overweight” rating on the stock.
• 2/7/2025 – Microchip Technology had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $75.00 price target on the stock, down previously from $85.00.
• 2/7/2025 – Microchip Technology had its price target lowered by analysts at Needham & Company LLC from $85.00 to $60.00. They now have a “buy” rating on the stock.
• 2/6/2025 – Microchip Technology had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $90.00 price target on the stock.
• 2/4/2025 – Microchip Technology had its price target lowered by analysts at Morgan Stanley from $71.00 to $58.00. They now have an “equal weight” rating on the stock.
• 1/24/2025 – Microchip Technology had its price target lowered by analysts at B. Riley from $93.00 to $85.00. They now have a “buy” rating on the stock.
• 1/14/2025 – Microchip Technology had its price target lowered by analysts at KeyCorp from $90.00 to $70.00. They now have an “overweight” rating on the stock.
• 1/10/2025 – Microchip Technology had its price target lowered by analysts at Mizuho from $85.00 to $72.00. They now have an “outperform” rating on the stock.
• 1/10/2025 – Microchip Technology had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $72.00 to $63.00. They now have a “neutral” rating on the stock.
• 12/16/2024 – Microchip Technology was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $65.00 price target on the stock, down previously from $80.00.

Microchip Technology Trading Up 0.8 %

MCHP stock traded up $0.41 during midday trading on Thursday, hitting $54.26. The stock had a trading volume of 6,786,665 shares, compared to its average volume of 9,002,352. The firm has a market cap of $29.14 billion, a PE ratio of 96.89 and a beta of 1.50. 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 Incorporated has a 12-month low of $50.21 and a 12-month high of $100.57. The company’s 50-day moving average price is $56.94 and its 200 day moving average price is $69.14.

Microchip Technology (NASDAQ:MCHP) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.15). Microchip Technology had a return on equity of 12.41% and a net margin of 6.49%. On average, equities research analysts predict that Microchip Technology Incorporated will post 1.3 earnings per share for the current fiscal year.

Microchip Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.35%. Microchip Technology’s dividend payout ratio (DPR) is presently 325.00%.

Institutional Investors Weigh In On Microchip Technology

Several large investors have recently made changes to their positions in MCHP. Mainstream Capital Management LLC acquired a new position in Microchip Technology in the 4th quarter worth approximately $26,000. Rakuten Securities Inc. boosted its stake in Microchip Technology by 309.5% in the 4th quarter. Rakuten Securities Inc. now owns 475 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 359 shares during the period. Prospera Private Wealth LLC acquired a new position in Microchip Technology in the 3rd quarter worth approximately $29,000. OFI Invest Asset Management acquired a new position in Microchip Technology in the 4th quarter worth approximately $29,000. Finally, Financial Life Planners acquired a new position in Microchip Technology in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.