Zacks Research Issues Optimistic Forecast for MCHP Earnings

Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) - Research analysts at Zacks Research lifted their Q1 2026 EPS estimates for shares of Microchip Technology in a report released on Tuesday, April 8th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings of $0.09 per share for the quarter, up from their previous forecast of $0.08. The consensus estimate for Microchip Technology's current full-year earnings is $1.03 per share. Zacks Research also issued estimates for Microchip Technology's Q4 2026 earnings at $0.13 EPS, FY2026 earnings at $0.49 EPS, Q2 2027 earnings at $0.30 EPS, Q4 2027 earnings at $0.44 EPS and FY2027 earnings at $1.34 EPS.

A number of other research analysts also recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Microchip Technology from $60.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Raymond James reissued a "strong-buy" rating and set a $60.00 price objective (down previously from $95.00) on shares of Microchip Technology in a research report on Friday, February 7th. Morgan Stanley reduced their price target on Microchip Technology from $71.00 to $58.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Evercore ISI increased their price objective on Microchip Technology from $65.00 to $71.00 and gave the stock an "outperform" rating in a report on Tuesday, March 4th. Finally, Citigroup dropped their price target on shares of Microchip Technology from $65.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $72.68.

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Microchip Technology Stock Down 1.1 %

Microchip Technology stock traded down $0.43 during mid-day trading on Thursday, hitting $38.45. The company's stock had a trading volume of 2,478,170 shares, compared to its average volume of 7,980,601. The company has a market cap of $20.68 billion, a PE ratio of 68.66 and a beta of 1.51. Microchip Technology has a 52-week low of $34.13 and a 52-week high of $100.57. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.25 and a quick ratio of 1.23. The firm's 50 day moving average is $51.84 and its 200 day moving average is $60.60.

Microchip Technology (NASDAQ:MCHP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.15). Microchip Technology had a net margin of 6.49% and a return on equity of 12.62%.

Microchip Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a $0.455 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.82 annualized dividend and a yield of 4.73%. Microchip Technology's dividend payout ratio (DPR) is currently 325.00%.

Insiders Place Their Bets

In related news, CFO James Eric Bjornholt sold 3,724 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $60.88, for a total value of $226,717.12. Following the sale, the chief financial officer now owns 33,272 shares of the company's stock, valued at $2,025,599.36. The trade was a 10.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Microchip Technology

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

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.