Cantor Fitzgerald Maintains Hold Rating on Microchip with $70 Price Target

Cantor Fitzgerald analyst Matthew Prisco reiterated a Hold rating on Microchip (MCHP) with a $70.00 price target. The company has a Moderate Buy analyst consensus and a price target consensus of $76.73, representing a 10.98% upside. Microchip has a one-year high of $82.65 and a one-year low of $34.13.

Cantor Fitzgerald analyst Matthew Prisco has maintained a Hold rating on Microchip Technology (NASDAQ: MCHP) with a price target of $70.00, as reported by Investing.com [1]. This rating stands in contrast to the broader analyst consensus, which currently holds a Moderate Buy rating with a price target consensus of $76.73. This represents a 10.98% upside from the current price of $66.10, as of July 2, 2025.

Microchip Technology, a leading developer of smart, connected, and secure embedded control solutions, reported its first-quarter fiscal year 2026 earnings, surpassing expectations with an earnings per share (EPS) of $0.27 compared to the forecast of $0.24. The company also reported revenue of $1.08 billion, exceeding the anticipated $1.05 billion. Despite these positive earnings results, several firms adjusted their price targets for Microchip Technology. Susquehanna lowered its price target to $85 from $90, Needham raised it to $77 from $66, and Morgan Stanley adjusted it upward to $63 from $61, reflecting mixed analyst sentiment following the recent financial performance [1].

Cantor Fitzgerald highlighted several key factors supporting its position among favored analog semiconductor companies, including "best GM leverage, Industrial overexposure, preannouncement propensity." The firm noted that Microchip will be "very active in conferences over the coming weeks" and indicated it "would not be surprised to see a modest positive pre at some point" from the company [1].

Institutional investors also showed interest in Microchip Technology. Banco Bilbao Vizcaya Argentaria S.A. increased its stake by 22.6% during the first quarter, acquiring an additional 10,178 shares and bringing its total holdings to 55,213 shares valued at approximately $2.68 million [2]. Other large investors, such as Garde Capital Inc., Orion Capital Management LLC, Byrne Asset Management LLC, GW&K Investment Management LLC, and American National Bank & Trust, also made recent changes to their positions in the company [2].

The company's recent earnings report showed EPS of $0.27, exceeding analyst expectations of $0.24, despite a 13.3% decline in quarterly revenue compared to the previous year. The average analyst rating for Microchip Technology is currently a "Moderate Buy" with a consensus price target of $76.58, reflecting positive outlooks from several research firms [2].

Microchip Technology's stock has been trading within a range of $34.13 to $82.65 over the past year, with a market capitalization of $35.67 billion. The company has a quick ratio of 1.33, a current ratio of 2.31, and a debt-to-equity ratio of 0.80. It has a P/E ratio of -194.41 and a price-to-earnings-growth ratio of 1.93, with a beta of 1.55 [2].

References:
[1] https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-maintains-microchip-technology-stock-rating-at-neutral-93CH-4208785
[2] https://www.marketbeat.com/instant-alerts/filing-microchip-technology-incorporated-mchp-shares-purchased-by-banco-bilbao-vizcaya-argentaria-sa-2025-08-22/