Equities Analysts Offer Predictions for MCHP Q2 Earnings

Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) - Stock analysts at B. Riley reduced their Q2 2026 earnings per share (EPS) estimates for shares of Microchip Technology in a research report issued on Thursday, April 24th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.05. B. Riley currently has a "Buy" rating and a $75.00 price target on the stock. The consensus estimate for Microchip Technology's current full-year earnings is $1.03 per share. B. Riley also issued estimates for Microchip Technology's Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.13 EPS, FY2026 earnings at $0.21 EPS, Q1 2027 earnings at $0.20 EPS, Q2 2027 earnings at $0.28 EPS, Q3 2027 earnings at $0.38 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.32 EPS.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings results 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%.

Several other equities research analysts have also commented on MCHP. Raymond James reiterated a "strong-buy" rating and set a $60.00 price objective (down from $95.00) on shares of Microchip Technology in a research note on Friday, February 7th. Mizuho upped their price target on Microchip Technology from $58.00 to $68.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Evercore ISI upped their price target on Microchip Technology from $65.00 to $71.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. StockNews.com lowered Microchip Technology from a "hold" rating to a "sell" rating in a research report on Monday, February 10th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $70.00 price target on shares of Microchip Technology in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $69.32.

Microchip Technology Price Performance

NASDAQ:MCHP traded up $0.12 during trading hours on Friday, hitting $47.01. 7,084,500 shares of the stock were exchanged, compared to its average volume of 8,230,138. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $100.57. The firm's fifty day moving average price is $49.48 and its 200 day moving average price is $58.29. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.12. The company has a market cap of $25.28 billion, a P/E ratio of 83.95 and a beta of 1.51.

Microchip Technology Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Monday, February 24th. Microchip Technology's dividend payout ratio is currently 325.00%.

Insider Buying and Selling at Microchip Technology

In other news, CFO James Eric Bjornholt sold 3,724 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $60.88, for a total transaction of $226,717.12. Following the completion of the sale, the chief financial officer now owns 33,272 shares in the company, valued at $2,025,599.36. This represents a 10.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MCHP. Virtu Financial LLC acquired a new position in Microchip Technology during the third quarter worth $491,000. Stock Yards Bank & Trust Co. grew its holdings in Microchip Technology by 3.3% during the third quarter. Stock Yards Bank & Trust Co. now owns 11,517 shares of the semiconductor company's stock worth $925,000 after acquiring an additional 368 shares during the period. World Investment Advisors LLC grew its holdings in Microchip Technology by 11.7% in the third quarter. World Investment Advisors LLC now owns 42,882 shares of the semiconductor company's stock valued at $3,443,000 after purchasing an additional 4,477 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in Microchip Technology in the third quarter valued at $223,000. Finally, Wilmington Savings Fund Society FSB grew its holdings in Microchip Technology by 16.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 60,394 shares of the semiconductor company's stock valued at $4,849,000 after purchasing an additional 8,592 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.