Wells Fargo initiated coverage of Microchip with a rating of Equal Weight and set a new price target of $60.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/15/2025 | $60.00 | Equal Weight | Wells Fargo |
| 8/8/2025 | $75.00 → $60.00 | Hold | TD Cowen |
| 7/10/2025 | $88.00 | Buy | Goldman |
| 6/18/2025 | $70.00 | Neutral | Cantor Fitzgerald |
| 5/9/2025 | $60.00 → $65.00 | Strong Buy | Raymond James |
| 5/9/2025 | $50.00 → $55.00 | Buy | Citigroup |
| 5/9/2025 | $55.00 → $60.00 | Buy | UBS |
| 5/9/2025 | $60.00 → $75.00 | Buy | B. Riley Securities |
CHANDLER, Ariz., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Precision four-channel temperature measurement is critical for production-line applications ranging from chemical and food processing, manufacturing process control and medical and HVAC equipment to refrigerated, cryogenic and other carefully controlled environments. With the introduction of the MCP9604 integrated thermocouple conditioning IC, Microchip Technology (NASDAQ: MCHP) has overcome a thermal measurement and integration barrier with the first single-chip, four-channel I2C thermocouple conditioning IC to deliver up to ± 1.5°C accuracy and provide an alternative to discrete and multichip thermocouple conditioning solutions that can
CHANDLER, Ariz., Sept. 18, 2025 (GLOBE NEWSWIRE) -- Ethernet technology provides the high-speed, reliable communication needed to connect and control industrial devices in real time. Its scalability and flexibility to support protocols such as TSN ensures seamless integration for demanding industrial environments. Microchip Technology (NASDAQ:MCHP) today announces the launch of its next generation of LAN9645xF and LAN9645xS Gigabit Ethernet Switches with multi-port configurations and feature options for maximum reliability and flexibility. The LAN9645xF/S switches offer multiple configurations for specific application needs and are available in 5-, 7-, and 9-port options with up t
CHANDLER, Ariz., Sept. 16, 2025 (GLOBE NEWSWIRE) -- The growing need for compact, efficient and reliable power solutions is driving demand for power management devices that provide higher power density and simplify system design. Microchip Technology (NASDAQ:MCHP) today announces a new family of DualPack 3 (DP3) power modules featuring advanced IGBT7 technology available in six variants at 1200V and 1700V with high-current ranging from 300–900A. The new DP3 power modules are designed to address the growing demand for compact, cost-effective and simplified power converter solutions. These modules use the latest IGBT7 technology, engineered to reduce power losses by up to 15–20% compared to
Wells Fargo initiated coverage of Microchip with a rating of Equal Weight and set a new price target of $60.00
TD Cowen reiterated coverage of Microchip with a rating of Hold and set a new price target of $60.00 from $75.00 previously
Goldman initiated coverage of Microchip with a rating of Buy and set a new price target of $88.00
8-K - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
S-8 - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
10-Q - MICROCHIP TECHNOLOGY INC (0000827054) (Filer)
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
4 - MICROCHIP TECHNOLOGY INC (0000827054) (Issuer)
CHANDLER, Ariz., May 02, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Rick Cassidy, Senior Vice President of Corporate Strategy Development at Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) and Chairman of TSMC Arizona, will join the Board of Directors of Microchip effective May 2, 2025. Regarding Mr. Cassidy's appointment to the board, Microchip's President and CEO, Steve Sanghi, said, "We are thrilled to welcome Rick Cassidy to Microchip's Board of Directors. During his nearly three decades at TSMC, Rick has held significant leadership roles which include
CHANDLER, Ariz., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that Victor Peng, former President of Advanced Micro Devices, Inc. (AMD), will join the Board of Directors of Microchip effective February10, 2024. Regarding Mr. Peng's appointment to the board, Microchip's President and CEO, Steve Sanghi, said, "Victor most recently served as the President of AMD, a publicly held company that designs and manufactures hardware for high-performance computing. Prior to that, he served Xilinx for 14 years, most recently holding roles of president, CEO, board member. With over 40
CHANDLER, Ariz., June 03, 2024 (GLOBE NEWSWIRE) -- Critical infrastructure communication networks require highly accurate and resilient synchronization and timing, but over time these systems age out and must be migrated to a more modern architecture. Microchip Technology (NASDAQ:MCHP) today announces the new TimeProvider® XT Extension System, a fan-out shelf used with redundant TimeProvider 4100 grandmasters to migrate legacy BITS/SSU equipment to a modular and resilient architecture. The TimeProvider XT provides operators with a clear path to replace existing SONET/SDH frequency synchronization equipment while adding timing and phase, essential for 5G networks. As an accessory device to
For the quarter ended June 30, 2025 Net sales of $1.0755 billion, increased 10.8% sequentially and declined 13.4% from the year ago quarter. The midpoint of our updated guidance provided on May 29, 2025 was net sales of $1.0575 billion.On a GAAP basis: gross profit of 53.6%; operating income of $32.1 million and 3.0% of net sales; net loss attributable to common stockholders of $46.4 million; and loss of $0.09 per diluted share. Our updated guidance provided on May 29, 2025 was for GAAP EPS loss per diluted share of $0.11 to $0.07.On a Non-GAAP basis: gross profit of 54.3%; operating income of $222.3 million and 20.7% of net sales; net income of $154.7 million; and EPS of $0.27 per diluted
CHANDLER, Ariz., Aug. 07, 2025 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.5 cents per share. The dividend is payable on September 5, 2025, to stockholders of record on August 22, 2025. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003. About Microchip: Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio en
CHANDLER, Ariz., May 29, 2025 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today updated the range of its prior guidance for net Sales and GAAP and non-GAAP earnings per share for its fiscal first quarter of 2026 ending June 30, 2025. Microchip now expects consolidated net sales for the June quarter to be between $1.045 billion and $1.070 billion. Microchip previously provided guidance on May 8, 2025 of consolidated net sales to be between $1.025 billion and $1.070 billion. GAAP loss per share is now expected to be between $(0.11) and $(0.07), and non-GAAP earnings per share is now expected to be betwe
SC 13G - MICROCHIP TECHNOLOGY INC (0000827054) (Subject)
SC 13G/A - MICROCHIP TECHNOLOGY INC (0000827054) (Subject)
SC 13G/A - MICROCHIP TECHNOLOGY INC (0000827054) (Subject)