Research Analysts Set Expectations for MCHP FY2027 Earnings

Microchip Technology Incorporated (NASDAQ:MCHP) – Analysts at B. Riley issued their FY2027 EPS estimates for shares of Microchip Technology in a research report issued on Monday, February 24th. B. Riley analyst C. Ellis expects that the semiconductor company will post earnings of $1.46 per share for the year. B. Riley currently has a “Buy” rating and a $75.00 target price on the stock. The consensus estimate for Microchip Technology’s current full-year earnings is $1.03 per share.

Other equities analysts have also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 target price on shares of Microchip Technology in a report on Thursday, February 6th. Evercore ISI reiterated an “outperform” rating and issued a $95.00 price objective (down from $101.00) on shares of Microchip Technology in a research report on Wednesday, November 6th. Morgan Stanley lowered their price objective on shares of Microchip Technology from $71.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. KeyCorp lowered their price objective on shares of Microchip Technology from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, Jefferies Financial Group lowered their price objective on shares of Microchip Technology from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.11.

Microchip Technology Stock Performance

Shares of Microchip Technology stock opened at $59.77 on Wednesday. The firm’s fifty day simple moving average is $56.85 and its 200-day simple moving average is $67.72. The stock has a market capitalization of $32.15 billion, a price-to-earnings ratio of 106.73 and a beta of 1.50. Microchip Technology has a 12 month low of $50.21 and a 12 month 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.

Microchip Technology (NASDAQ:MCHP) last announced its earnings results 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%.

Institutional Investors Weigh In On Microchip Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Financial Advocates Investment Management boosted its position in shares of Microchip Technology by 1.5% in the 3rd quarter. Financial Advocates Investment Management now owns 10,795 shares of the semiconductor company’s stock worth $867,000 after buying an additional 158 shares in the last quarter. Metis Global Partners LLC raised its stake in Microchip Technology by 1.0% in the 3rd quarter. Metis Global Partners LLC now owns 17,161 shares of the semiconductor company’s stock valued at $1,378,000 after purchasing an additional 172 shares during the last quarter. Americana Partners LLC raised its stake in Microchip Technology by 5.5% in the 3rd quarter. Americana Partners LLC now owns 3,441 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 179 shares during the last quarter. Plato Investment Management Ltd raised its stake in Microchip Technology by 5.8% in the 3rd quarter. Plato Investment Management Ltd now owns 3,499 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 191 shares during the last quarter. Finally, Summit Global Investments raised its stake in Microchip Technology by 2.5% in the 3rd quarter. Summit Global Investments now owns 8,463 shares of the semiconductor company’s stock valued at $679,000 after purchasing an additional 207 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Microchip Technology Dividend Announcement

The firm 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 $0.455 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.82 annualized dividend and a dividend yield of 3.05%. Microchip Technology’s dividend payout ratio is presently 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.