FY2027 Earnings Forecast for MCHP Issued By B. Riley

Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) - Stock analysts at B. Riley issued their FY2027 EPS estimates for Microchip Technology in a research report issued on Monday, February 24th. B. Riley analyst C. Ellis expects that the semiconductor company will earn $1.46 per share for the year. B. Riley currently has a "Buy" rating and a $75.00 price objective on the stock. The consensus estimate for Microchip Technology's current full-year earnings is $1.03 per share.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share (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%.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reduced their target price on shares of Microchip Technology from $90.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, December 3rd. Citigroup dropped their target price on shares of Microchip Technology from $92.00 to $82.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Evercore ISI reissued an "outperform" rating and issued a $95.00 price objective (down previously from $101.00) on shares of Microchip Technology in a research report on Wednesday, November 6th. Needham & Company LLC dropped their price objective on shares of 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, KeyCorp reduced their price objective on Microchip Technology from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.11.

Microchip Technology Trading Up 3.0 %

NASDAQ:MCHP traded up $1.74 on Wednesday, hitting $58.86. The stock had a trading volume of 13,308,167 shares, compared to its average volume of 9,770,636. The stock has a market cap of $31.66 billion, a price-to-earnings ratio of 105.11 and a beta of 1.50. Microchip Technology has a 1-year low of $50.21 and a 1-year 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 company has a fifty day moving average price of $56.94 and a two-hundred day moving average price of $67.44.

Microchip Technology Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be given 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 is currently 325.00%.

Insider Transactions at Microchip Technology

In other news, CFO James Eric Bjornholt sold 3,724 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $60.88, for a total transaction of $226,717.12. Following the transaction, the chief financial officer now owns 33,272 shares of the company's stock, valued at $2,025,599.36. This represents a 10.07 % decrease in their position. 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 have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in Microchip Technology by 8,163.6% during the 3rd quarter. International Assets Investment Management LLC now owns 234,768 shares of the semiconductor company's stock worth $18,850,000 after purchasing an additional 231,927 shares in the last quarter. Dakota Wealth Management boosted its stake in Microchip Technology by 13.8% in the third quarter. Dakota Wealth Management now owns 5,951 shares of the semiconductor company's stock worth $478,000 after buying an additional 722 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Microchip Technology by 74.6% in the third quarter. Arkadios Wealth Advisors now owns 6,214 shares of the semiconductor company's stock worth $499,000 after purchasing an additional 2,656 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Microchip Technology by 6.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 269,062 shares of the semiconductor company's stock worth $21,545,000 after acquiring an additional 15,373 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Microchip Technology by 6.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 62,342 shares of the semiconductor company's stock valued at $5,005,000 after buying an additional 3,580 shares during the last quarter. Institutional investors own 91.51% of the company's stock.

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.