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Microchip Tech
MCHP----
Microchip Tech (MCHP)
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. I...
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Microchip Tech Analyst Rating
View MoreForecast & Rating
Jul 23, 2026Price forecast
$113.0843.40%
Forecast & RatingBuy
25analysts
- Strong buy68.00%
- Buy8.00%
- Hold24.00%
- Sell0.00%
- Strong sell0.00%
Daily Events
- Jul, 24
MCHP retreated over 3% today after an initially strong pre-market session, closing at $78.86. The stock surged to $82.39 during pre-market trading at 8:16 AM ET but momentum reversed sharply during regular hours, sliding to $78.06 at 10:45 AM ET before stabilizing near $79.17 in post-market trade. The pullback stems primarily from Chief Operating Officer Richard Simoncic's resignation announcement, effective August 17th—a management transition that unsettled investors; recent target price cuts by Wells Fargo analysts have compounded selling pressure. Offsetting these headwinds, the company announced a definitive agreement to acquire Hailo, signaling strategic pivot toward artificial intelligence. Q4 2026 earnings impressed: revenue hit $1.312 billion (+35.11% YoY), EPS surged 173.47% to $0.2145, and operating profit soared 880%. Valuation metrics remain stretched—trading at 360x PE, 25.54% below the $105.91 52-week high, and well below the 60-day moving average, suggesting limited upside near these levels. Year-to-date gains stand at 21.27%.
- Jul, 23
MCHP declined 4.3% to $81.35 today, primarily triggered by Wells Fargo's downward target price revision. Although recent catalysts including the VectorBlox 3.0 neural network accelerator SDK and free developer tools garnered market interest with discussions of potential 25% undervaluation, the extremely elevated PE ratio of 371.83x reflects current valuations being aggressive relative to growth. Pre-market trading showed the steepest decline to $81.10 at 09:22 ET, with intraday recovery to $83.36 before declining again, and post-market stabilization at $81.69 failed to recover losses. Year-to-date MCHP remains up 25.1%, yet has pulled back 23.19% from its 52-week high of $105.91, now trading below the 20-day moving average of $86.01, signaling momentum deterioration. That said, Q4's impressive 35.11% revenue growth and 174.23% net income growth year-over-year demonstrate fundamentals remain healthy, suggesting today's decline may reflect profit-taking after the preceding rapid ascent.
- Jul, 22
Microchip Technology rose 1.97% to $85.02 today, despite an initial 1.76% pre-market decline triggered by Wells Fargo's target price reduction. The stock recovered strongly during regular trading, gaining 3.87% intraday. Q4 EPS and net profit surged over 170% year-over-year, while net margin expanded significantly from Q3's 5.29% to 10.99%; revenue reached $1.311 billion, up 10.5% sequentially. The advancement of VectorBlox 3.0 neural network accelerator SDK provides additional momentum for future growth. A modest post-market pullback brought the closing price to $84.25. From a valuation perspective, the stock is up 30.74% year-to-date but remains 19.72% below its 52-week high of $105.91, while the current P/E ratio of 388.6x reflects lofty market expectations for growth.
- Jul, 21
MCHP surged 3.59% to $83.53 in pre-market trading, driven by strong quarterly results and product momentum. Q4 EPS of $0.2145 more than doubled year-over-year at +173.47%, while revenue climbed 35.11% to $1.312 billion with net margin expanding to 10.99%, signaling robust recovery in chip demand. The company is advancing its VectorBlox 3.0 neural network accelerator SDK for commercial deployment and launched free MPLAB XC compilers, broadening developer adoption. Intraday gains moderated to just 0.6%, with post-market weakness declining to $83.01 reflecting profit-taking pressure. From a positioning perspective, MCHP has advanced 28.22% year-to-date but remains 21.27% below its 52-week high of $105.91, trading below its 20-day moving average of $86.98, suggesting consolidation phase.
- Jul, 20
Microchip Technology declined to close at $80.51, retreating approximately 2.9% from its intraday high of $82.89 amid broader semiconductor sector weakness, though remaining essentially flat versus the prior close of $80.96. The stock trades well below its 20-day moving average of $87.95 and 60-day MA of $92.27, having fallen nearly 24% from its 52-week peak of $105.91. Recent product catalysts including the VectorBlox 3.0 accelerator SDK and complimentary MPLAB developer tools have garnered market attention, yet analyst sentiment remains divided—Jim Cramer cautioned the company could be approaching a bottom but emphasized 'I don't see it yet.' Fundamentally, Q4 revenues surged 35.11% year-over-year to $1.312B with EPS jumping 173.47% to $0.2145, though the lofty 368x P/E multiple reflects market expectations now pricing in substantial future earnings growth. While year-to-date gains of 23.8% remain intact, the stock faces valuation pressure amid semiconductor cycle headwinds.
News
- rttnews · 13 hours ago
Microchip Technology To Acquire Hailo
- MarketWatch Automated · 1 day ago, 04:05 PM
Omnicom Group Inc. Stock Outperforms Competitors Despite Losses On The Day
- PUBT · 23 hours ago
Microchip COO Richard Simoncic resigns, effective Aug. 17
- StockTitan · 1 day ago, 07:15 AM
Microchip Technology Signs Definitive Agreement to Acquire Hailo | MCHP Stock News
- Global Report · 1 day ago, 04:13 AM
Tech Infrastructure Firms Signal Pivot Toward AI Integration and Cloud Alliances
- MarketWatch Automated · 1 day ago, 03:52 PM
Microchip Technology Inc. Stock Underperforms Thursday When Compared To Competitors