Research Analysts Issue Forecasts for MCHP FY2027 Earnings

Microchip Technology Incorporated (NASDAQ:MCHP) – Research analysts at B. Riley issued their FY2027 EPS estimates for Microchip Technology in a report released 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 has a “Buy” rating and a $75.00 price target on the stock. The consensus estimate for Microchip Technology’s current full-year earnings is $1.03 per share.

Microchip Technology (NASDAQ:MCHP) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.13 earnings per share 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%.

Several other research analysts also recently commented on the company. Mizuho reduced their price objective on Microchip Technology from $85.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Raymond James reissued a “strong-buy” rating and issued a $60.00 price target (down from $95.00) on shares of Microchip Technology in a research report on Friday, February 7th. Needham & Company LLC cut their price objective on shares of Microchip Technology from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Rosenblatt Securities restated a “buy” rating and set a $90.00 target price on shares of Microchip Technology in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group cut their price target on shares of Microchip Technology from $72.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Microchip Technology presently has an average rating of “Moderate Buy” and a consensus target price of $77.11.

Microchip Technology Stock Down 4.4 %

NASDAQ:MCHP opened at $57.12 on Wednesday. The company has a market cap of $30.72 billion, a price-to-earnings ratio of 102.00 and a beta of 1.50. The company has a current ratio of 2.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.12. Microchip Technology has a twelve month low of $50.21 and a twelve month high of $100.57. The stock has a fifty day simple moving average of $56.87 and a 200-day simple moving average of $67.64.

Microchip Technology Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Monday, February 24th will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 3.19%. The ex-dividend date is Monday, February 24th. Microchip Technology’s payout ratio is currently 325.00%.

Insider Activity at Microchip Technology

In other news, CFO James Eric Bjornholt sold 3,724 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $60.88, for a total value of $226,717.12. Following the transaction, the chief financial officer now owns 33,272 shares in the company, valued at $2,025,599.36. This trade represents 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 link. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MCHP. Mainstream Capital Management LLC purchased a new stake in shares of Microchip Technology during the fourth quarter worth $26,000. Rakuten Securities Inc. lifted its stake in shares of Microchip Technology by 309.5% in the fourth quarter. Rakuten Securities Inc. now owns 475 shares of the semiconductor company’s stock worth $27,000 after buying an additional 359 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in Microchip Technology during the third quarter worth about $29,000. OFI Invest Asset Management purchased a new stake in Microchip Technology during the 4th quarter valued at about $29,000. Finally, Financial Life Planners acquired a new stake in Microchip Technology in the 4th quarter valued at about $32,000. 91.51% of the stock is owned by institutional investors and hedge funds.

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.