B. Riley Lowers Microchip Technology (NASDAQ:MCHP) Price Target to $85.00

Microchip Technology (NASDAQ:MCHP) had its target price reduced by B. Riley from $93.00 to $85.00 in a report issued on Friday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price points to a potential upside of 50.74% from the company’s current price. B. Riley also issued estimates for Microchip Technology’s Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $1.27 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.47 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $1.76 EPS.

Several other research firms have also issued reports on MCHP. Bank of America lowered shares of Microchip Technology from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $80.00 to $65.00 in a report on Monday, December 16th. Rosenblatt Securities reissued a “buy” rating and issued a $90.00 price objective on shares of Microchip Technology in a research note on Wednesday, November 6th. Piper Sandler lowered their target price on shares of Microchip Technology from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. TD Cowen cut their price target 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. Finally, The Goldman Sachs Group lowered their price objective on Microchip Technology from $72.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Microchip Technology Stock Performance

Shares of NASDAQ MCHP opened at $56.39 on Friday. Microchip Technology has a 12-month low of $54.47 and a 12-month high of $100.57. The firm has a market capitalization of $30.28 billion, a price-to-earnings ratio of 39.43 and a beta of 1.52. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $60.28 and a 200 day moving average of $72.63.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Tuesday, November 5th. The semiconductor company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. Microchip Technology had a return on equity of 19.47% and a net margin of 14.22%. Microchip Technology’s revenue was down 48.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. On average, research analysts anticipate that Microchip Technology will post 1.31 earnings per share for the current year.

Hedge Funds Weigh In On Microchip Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its position in Microchip Technology by 25.1% in the third quarter. Van ECK Associates Corp now owns 7,961,200 shares of the semiconductor company’s stock worth $599,239,000 after buying an additional 1,597,263 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Microchip Technology by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 4,455,317 shares of the semiconductor company’s stock worth $407,660,000 after acquiring an additional 103,807 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Microchip Technology by 30.2% during the 3rd quarter. Franklin Resources Inc. now owns 3,347,643 shares of the semiconductor company’s stock worth $264,430,000 after purchasing an additional 776,408 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Microchip Technology by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,026,946 shares of the semiconductor company’s stock valued at $243,034,000 after purchasing an additional 25,872 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Microchip Technology by 9,901.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,857,654 shares of the semiconductor company’s stock worth $163,886,000 after purchasing an additional 2,829,082 shares during the period. Hedge funds and other institutional investors 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.