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Microchip Technology Incorporated

MCHP · NASDAQ

Market closed$80.96$-0.720000 (-0.88%)After hours $80.18 · -0.96%

Key statistics

Previous close$81.68
Open$79.12
Day high$82.00
Day low$78.00
52-week high$105.91
52-week low$48.52
Market cap43.96B
Volume12.35M
Average volume12.03M
P/E ratio49.67
Forward P/E15.27
EPS1.63
Dividend yield+2.25%

Market context

Why it moved

MCHP declined as part of a broad semiconductor sector selloff driven by TSMC's massive capital expenditure increase raising concerns about margin compression across the chip industry, compounded by escalating US-Iran geopolitical tensions disrupting oil flows through the Strait of Hormuz and broader fears that AI infrastructure valuations have outpaced near-term earnings potential.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Microchip Technology shares closed modestly lower, caught in a broad semiconductor sector selloff that has wiped roughly $3.3 trillion in market cap from global chip stocks since late June. The retreat follows TSMC's Q2 earnings beat, which was overshadowed by a sharp capex guidance raise to $60–$64 billion, prompting investors to reprice the sector on cash generation concerns rather than top-line AI demand. JPMorgan's Hugh Gimber noted chip fundamentals remain "rock solid" but warned the AI trade's next leg hinges on hyperscaler earnings reaffirming capex commitments over the coming weeks.

-0.8815

July 17, 2026Microchip Technology tumbled alongside the broader semiconductor sector as a wave of profit-taking and valuation concerns swept through chip stocks, overshadowing record Q2 earnings from TSMC. The catalyst was a combination of TSMC's hefty capex guidance increase to $60–$64 billion — raising fears of margin compression across the AI hardware supply chain — and a sector-wide reckoning over stretched valuations, pushing MCHP down over 5% despite its own strong May quarter results (EPS of $0.57 vs. $0.50 expected, revenue up 35% YoY) and recent bullish product announcements including the VectorBlox 3.0 edge AI SDK.

-5.3095

July 16, 2026Microchip Technology closed modestly lower amid a volatile session for semiconductor stocks, with the broader chip sector facing a rocky patch after the Philadelphia Semiconductor Index shed over 11% from its June record high. Despite a brief sector-wide rebound on July 14 — when MCHP surged over 4% alongside peers on a cooler-than-expected CPI print and the company's VectorBlox 3.0 edge AI software launch — profit-taking and renewed macro uncertainty weighed on shares today. Investor focus is squarely on the upcoming Big Tech Q2 earnings cycle as a key test for AI spending durability, while MCHP's own May earnings beat (EPS $0.57 vs. $0.50 expected, revenue up 35% YoY) and strong institutional accumulation — institutions now hold 91.5% of shares — underpin a Moderate Buy consensus with an average analyst target near $100.

-0.9758

July 15, 2026Microchip Technology rose sharply, outperforming the broader technology sector (XLK closed roughly flat) as a cooler-than-expected June CPI report lifted semiconductor names broadly. The macro tailwind was reinforced by company-specific catalysts: Microchip unveiled its VectorBlox 3.0 Accelerator SDK for FPGA-based edge AI inference today, adding to a growing product narrative around AI data centers and PCIe Gen 6 switches. Institutional accumulation continued to build confidence, with multiple funds recently increasing stakes and a consensus Moderate Buy rating averaging ~$100 target, though TD Cowen trimmed its target to $90 (Hold) the prior session.

3.4192

July 14, 2026Microchip Technology tumbled nearly 5%, underperforming the broader semiconductor sector as a broad chip selloff swept markets on the back of renewed U.S.-Iran military tensions, surging oil prices, and profit-taking in high-flying semiconductor names. Adding to the pressure, TD Cowen cut its price target on MCHP to $90 from $105 while maintaining a Hold rating, reflecting caution despite the company's strong May earnings beat—$0.57 EPS on $1.31B in revenue, up 35% YoY. The Philadelphia Semiconductor Index has fallen over 11% from its June record high, with investors growing more selective ahead of a critical earnings week featuring TSMC and major banks.

-4.9215

July 11, 2026Microchip Technology closed modestly higher, edging up as the broader semiconductor sector recovered — the Nasdaq extended gains for a third straight session, lifted in part by SK Hynix's Nasdaq debut and continued AI infrastructure optimism. Microchip gained further ground in after-hours trading. The company remains in focus following its July 8 announcement making its MPLAB XC Pro Compilers and Machine Learning Development Suite available at no cost — a developer ecosystem move aimed at accelerating edge AI adoption across its MCU portfolio. Analysts maintain a Moderate Buy consensus with an average price target of $98.18, reflecting constructive sentiment following Q4 earnings that beat estimates on both EPS ($0.57 vs. $0.50 expected) and revenue ($1.31B, +35.1% YoY), with Q1 FY2027 EPS guidance set at $0.67–$0.71.

0.3739

July 10, 2026Microchip Technology shares rose sharply, outperforming the broader XLK technology sector, as chip stocks broadly rebounded on July 9 after a sector-wide selloff earlier in the week triggered by Samsung's record-but-disappointing earnings. The recovery was further supported by company-specific tailwinds: Microchip announced it is making its MPLAB XC Pro Compilers and Machine Learning Development Suite free to developers, a move seen as strengthening its competitive position in AI edge computing. Analysts maintain a Moderate Buy consensus with an average price target of $98.18, underpinned by strong May-quarter results that showed 35% year-over-year revenue growth and EPS of $0.57 vs. $0.50 expected.

3.2401

July 9, 2026Microchip Technology closed modestly higher, outperforming a bruised semiconductor sector that was hammered by Samsung's earnings-driven selloff and DeepSeek chip competition fears. While peers like Micron, AMD, and Applied Materials fell 5–7% on Tuesday, Microchip's relative resilience reflects its differentiated recovery story: the company beat Q4 estimates with $1.31B in revenue (up 35.1% YoY), disclosed ~$500M in Data Center Solutions revenue, and today announced it is making its MPLAB XC Pro Compilers and Machine Learning Development Suite free — a developer access move aimed at deepening its embedded AI ecosystem. Analysts maintain a Moderate Buy consensus with a $98.18 average target, well above current levels.

1.5924

Sahm · July 16, 2026Free VectorBlox 3.0 Edge AI SDK Might Change The Case For Investing In Microchip Technology (MCHP)MarketBeat · July 15, 2026Zweig DiMenna Associates LLC Grows Stock Position in Microchip Technology Incorporated $MCHPmarketscreener.com · July 14, 2026Microchip Technology Releases VectorBlox 3.0 Accelerator Software Development Kit And CoreVectorBlox IPSimply Wall Street · July 14, 2026Microchip Technology (MCHP) Could Be 25% Undervalued As VectorBlox 3.0 Draws InterestMoomoo · July 13, 2026TD Cowen Maintains Microchip Technology(MCHP.US) With Hold Rating, Cuts Target Price to $90Quiver Quantitative · June 18, 2026Microchip Technology (MCHP) jumps as investors lean into its recovery story and data-center growth outlookInvesting.com · June 3, 2026Stifel reiterates Microchip Technology stock Buy rating at $108Moomoo · June 2, 2026Morgan Stanley Maintains Microchip Technology(MCHP.US) With Hold Rating, Raises Target Price to $94
Mt Newswire · July 13, 2026TD Cowen Adjusts Microchip Technology Price Target to $90 From $105, Maintains Hold Rating
Benzinga · June 24, 2026Watching Microchip Technology; J Capital Research's Equity Dispatch Issues Short Report Titled 'AI Hype Takes You Only So Far'
Benzinga · June 12, 2026Jim Cramer: This Tech Stock Is 'Terrific,' Fluence Faces Profit Test
Benzinga · June 11, 2026Microchip Technology's Nantes Facility Expands Qualified Manufacturers List To Include QML Class Y
Benzinga · June 4, 2026Microchip Technology Gets U.S. Department Of Commerce Approval For Export License Authorization To Use Advanced Technology Under Export Control Classification In Armenia
Mt Newswire · June 1, 2026Microchip Technology Projects 65% Growth in Data Center Business to $500 Million in 2026
Benzinga · June 1, 2026Microchip Technology Stock Climbs On Data Center Revenue Growth
Benzinga · June 1, 2026Microchip Technology Reports Calendar Year 2025 Data Center Solutions Business Unit Revenue Of $302.7M, With ~65% Growth Expected In Calendar Year 2026 To ~$500M

Peers

S&P 500SPX · $7,457.69-1.01%Texas Instruments IncorporatedTXN · $284.02-2.47%Analog Devices, Inc.ADI · $375.36-1.36%NXP Semiconductors N.V.NXPI · $266.53-1.53%ON Semiconductor CorporationON · $87.37-0.85%STMicroelectronics N.V.STM · $62.06-1.13%Monolithic Power Systems, Inc.MPWR · $1,312.00+0.49%Lattice Semiconductor CorporationLSCC · $125.23+0.59%MACOM Technology Solutions Holdings, Inc.MTSI · $267.36-2.95%Silicon Laboratories Inc.SLAB · $217.47-0.41%Skyworks Solutions, Inc.SWKS · $59.35+2.98%Semtech CorporationSMTC · $124.96-2.11%