Microchip Technology Q2 Earnings Forecast Lifted by KeyCorp

16 Oct 2026, 10:29 by Sarita Garza · The Markets Daily

Microchip Technology Incorporated (NASDAQ:MCHP – Free Report) – Investment analysts at KeyCorp lifted their Q2 2027 earnings per share (EPS) estimates for shares of Microchip Technology in a report released on Wednesday, October 14th. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will post earnings per share of $0.85 for the quarter, up from their previous estimate of $0.74. The consensus estimate for Microchip Technology’s current full-year earnings is $3.16 per share. KeyCorp also issued estimates for Microchip Technology’s Q4 2027 earnings at $0.98 EPS and Q1 2028 earnings at $1.03 EPS.

MCHP has been the topic of a number of other reports. Wells Fargo & Company lowered their target price on shares of Microchip Technology from $95.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Monday, July 20th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Microchip Technology in a research note on Wednesday, September 9th. UBS Group reiterated a “buy” rating and issued a $120.00 price target (down from $130.00) on shares of Microchip Technology in a research note on Friday, August 7th. BMO Capital Markets assumed coverage on Microchip Technology in a report on Friday, August 21st. They issued an “outperform” rating and a $95.00 price target on the stock. Finally, Zacks Research downgraded Microchip Technology from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.67.

View Our Latest Analysis on MCHP

Microchip Technology Price Performance

Shares of MCHP opened at $74.26 on Friday. Microchip Technology has a twelve month low of $48.52 and a twelve month high of $105.91. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $40.32 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 0.50 and a beta of 1.77. The firm’s fifty day simple moving average is $75.76 and its 200-day simple moving average is $82.50.

Microchip Technology (NASDAQ:MCHP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Microchip Technology had a return on equity of 14.97% and a net margin of 9.34%. Microchip Technology’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. Microchip Technology has set its Q2 2027 guidance at 0.910-0.950 EPS.

Microchip Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 24th were given a dividend of $0.4550 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 24th. Microchip Technology’s dividend payout ratio is presently 271.64%.

Insider Activity

In other news, CFO James Bjornholt sold 4,112 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $75.32, for a total value of $309,715.84. Following the transaction, the chief financial officer owned 28,573 shares of the company’s stock, valued at $2,152,118.36. This represents a 12.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Microchip Technology during the second quarter worth approximately $537,423,000. Legal & General Group Plc acquired a new position in Microchip Technology during the 2nd quarter worth approximately $312,597,000. Van ECK Associates Corp raised its holdings in shares of Microchip Technology by 18.3% in the 2nd quarter. Van ECK Associates Corp now owns 8,224,808 shares of the semiconductor company’s stock worth $750,102,000 after acquiring an additional 1,272,838 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Microchip Technology by 23.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,060,528 shares of the semiconductor company’s stock worth $461,520,000 after purchasing an additional 962,362 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Microchip Technology by 52.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,601,121 shares of the semiconductor company’s stock valued at $168,058,000 after purchasing an additional 898,503 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Microchip Technology Company Profile

(Get Free Report)

Microchip Technology Inc is a semiconductor company that develops and manufactures embedded control solutions for automotive, industrial, aerospace and defense, communications, consumer, and computing applications. Its products are designed to help customers manage processing, connectivity, power, timing, security, and data storage within electronic systems.