Zacks Research Analysts Decrease Earnings Estimates for MCHP

Microchip Technology Incorporated (NASDAQ:MCHP) – Research analysts at Zacks Research cut their Q2 2026 earnings per share (EPS) estimates for shares of Microchip Technology in a research report issued to clients and investors on Tuesday, February 4th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $0.47 per share for the quarter, down from their prior estimate of $0.49. The consensus estimate for Microchip Technology’s current full-year earnings is $1.31 per share. Zacks Research also issued estimates for Microchip Technology’s Q4 2026 earnings at $0.50 EPS, FY2026 earnings at $1.71 EPS, Q1 2027 earnings at $0.61 EPS, Q3 2027 earnings at $0.72 EPS and FY2027 earnings at $2.88 EPS.

MCHP has been the topic of a number of other research reports. Stifel Nicolaus decreased their target price on shares of Microchip Technology from $90.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, December 3rd. Piper Sandler cut their price target on Microchip Technology from $100.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on Microchip Technology from $72.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. TD Cowen dropped their price target on shares of 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, Rosenblatt Securities restated a “buy” rating and issued a $90.00 price objective on shares of Microchip Technology in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.67.

Microchip Technology Price Performance

Microchip Technology stock opened at $53.11 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.48 and a current ratio of 0.88. Microchip Technology has a 52 week low of $51.37 and a 52 week high of $100.57. The stock has a market capitalization of $28.52 billion, a P/E ratio of 37.14 and a beta of 1.50. The stock has a fifty day moving average of $58.34 and a 200-day moving average of $70.38.

Microchip Technology (NASDAQ:MCHP) last announced 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 19.47% and a net margin of 14.22%.

Institutional Trading of Microchip Technology

A number of large investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Microchip Technology by 39.3% in the 4th quarter. Van ECK Associates Corp now owns 11,093,007 shares of the semiconductor company’s stock worth $636,184,000 after acquiring an additional 3,131,807 shares during the last quarter. Franklin Resources Inc. boosted its position in Microchip Technology by 30.2% during the third 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. increased its stake in shares of Microchip Technology by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,143,769 shares of the semiconductor company’s stock worth $180,295,000 after purchasing an additional 116,823 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Microchip Technology by 9,901.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,857,654 shares of the semiconductor company’s stock valued at $163,886,000 after buying an additional 2,829,082 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Microchip Technology by 20.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,751,987 shares of the semiconductor company’s stock valued at $220,957,000 after buying an additional 460,697 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Microchip Technology Dividend Announcement

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 paid a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 3.43%. Microchip Technology’s payout ratio is 127.27%.

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.