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

Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) - Equities research analysts at B. Riley issued their FY2027 earnings per share (EPS) estimates for Microchip Technology in a note issued to investors on Monday, February 24th. B. Riley analyst C. Ellis anticipates that the semiconductor company will post earnings per share of $1.46 for the year. B. Riley 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.

A number of other equities research analysts have also recently commented on MCHP. TD Cowen reduced their price objective on Microchip Technology from $80.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, November 6th. Mizuho reduced their price objective on Microchip Technology from $85.00 to $72.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Piper Sandler reissued an "overweight" rating and issued a $65.00 price objective (down previously from $85.00) on shares of Microchip Technology in a research note on Friday, February 7th. Needham & Company LLC reduced their price objective on Microchip Technology from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, Morgan Stanley reduced their price objective on Microchip Technology from $71.00 to $58.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have issued 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 currently has a consensus rating of "Moderate Buy" and an average price target of $77.11.

Microchip Technology Trading Up 3.0 %

NASDAQ MCHP traded up $1.74 during trading hours on Wednesday, hitting $58.86. 13,308,167 shares of the company's stock were exchanged, compared to its average volume of 9,770,636. The stock has a 50-day simple moving average of $56.94 and a 200 day simple moving average of $67.52. Microchip Technology has a 1-year low of $50.21 and a 1-year high of $100.57. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 105.11 and a beta of 1.50. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.12.

Microchip Technology (NASDAQ:MCHP - Get Free Report) 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 12.62% and a net margin of 6.49%.

Institutional Trading of Microchip Technology

Hedge funds have recently bought and sold shares of the business. Mainstream Capital Management LLC bought a new stake in Microchip Technology during the fourth quarter worth $26,000. Rakuten Securities Inc. increased its position in Microchip Technology by 309.5% in the fourth quarter. Rakuten Securities Inc. now owns 475 shares of the semiconductor company's stock worth $27,000 after buying an additional 359 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Microchip Technology in the third quarter worth $29,000. OFI Invest Asset Management purchased a new stake in Microchip Technology in the fourth quarter worth $29,000. Finally, Financial Life Planners purchased a new stake in Microchip Technology in the fourth quarter worth $32,000. 91.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO James Eric Bjornholt sold 3,724 shares of Microchip Technology stock in a transaction 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 sale, the chief financial officer now directly owns 33,272 shares in the company, valued at approximately $2,025,599.36. This trade represents a 10.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Microchip Technology Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a dividend of $0.455 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.82 dividend on an annualized basis and a yield of 3.09%. Microchip Technology's dividend payout ratio (DPR) is currently 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.