Microchip Technology Incorporated ($MCHP) Stock Forecast: Up 6.3% Today

What is Microchip Technology Incorporated?

Microchip Technology (MCHP) is a leading provider of integrated semiconductors for various sectors such as household appliances, automotive, and telecommunications. Today, the stock experienced a strong bullish movement.

Why is Microchip Technology Incorporated going up?

MCHP stock is up 6.3% on Jan 28, 2026 20:50

• Microchip Technology's stock surged by 6.8% following an upgrade to a "Buy" rating and an increased price target to $95. This positive sentiment was driven by signs of recovery in the analog chip market and increased demand from sectors like data centers, aerospace, and autos.
• The company's recent product expansions, including the maXTouch M1 touchscreen-controller lineup for automotive displays, and the announcement of a quarterly dividend, have also contributed to the bullish market movement.
• Analyst upgrades from multiple firms, and the overall positive outlook for the company's recovery momentum and long-term earnings potential have further fueled investor confidence in Microchip Technology.
• The stock's year-to-date gain of 24.8% and reaching a new 52-week high reflect the market's optimism towards the company's strategic initiatives and growth prospects in key sectors.

MCHP Price Chart

MCHP Technical Analysis

MCHP News

Microchip Technology Shares Rise After BofA Upgrade

Shares of Microchip Technology rose after BofA Securities upgraded the company's rating to "Buy" from "Neutral" and increased its price target to $95 from $78. This upgrade follows several recent positive analyst adjustments and news regarding product expansions and insider transactions. Microchip Technology specializes in integrated semiconductors for various sectors including household appliances, automotive, and telecommunications.

https://www.marketscreener.com/news/microchip-technology-shares-rise-after-bofa-upgrade-ce7e5bded989ff23

Microchip Technology (MCHP) Stock Trades Up, Here Is Why

Microchip Technology's stock jumped 6.8% after Bank of America upgraded it to Buy from Neutral, citing signs of recovery in the analog chip market and increased demand from data centers, aerospace, and autos. The bank also raised its price target to $95 and increased its 2026 and 2027 earnings estimates. MCHP has seen significant volatility but the market views this news positively, contributing to its year-to-date gain of 24.8% and a new 52-week high.

https://finviz.com/news/290507/microchip-technology-mchp-stock-trades-up-here-is-why

Microchip Technology (NASDAQ:MCHP) Reaches New 12-Month High Following Analyst Upgrade

Microchip Technology (NASDAQ:MCHP) reached a new 52-week high after Zacks Research upgraded the stock to a strong-buy rating, with shares trading as high as $80.00. Several other analysts also raised their price targets for MCHP, contributing to a "Moderate Buy" consensus rating and an $82.05 price target. The company recently expanded its maXTouch M1 touchscreen-controller lineup for automotive displays and announced a quarterly dividend, while institutional investors also adjusted their holdings.

https://www.marketbeat.com/instant-alerts/microchip-technology-nasdaqmchp-reaches-new-12-month-high-following-analyst-upgrade-2026-01-28/

3 Top-Ranked U.S. Behemoths Witnessing Initial Breakthrough in 2026

This article highlights three top-ranked U.S. stocks—Micron Technology (MU), Interactive Brokers Group (IBKR), and Microchip Technology (MCHP)—that are identified as having a strong start in 2026. Each company has a Zacks Rank #1 (Strong Buy) and has shown double-digit returns year-to-date, driven by factors like AI infrastructure demand, proprietary software development, and strategic product expansions. The article details their specific growth drivers and positive financial outlooks for the current year.

https://www.tradingview.com/news/zacks:4d7785475094b:0-3-top-ranked-u-s-behemoths-witnessing-initial-breakthrough-in-2026/

Microchip Technology stock rating upgraded by BofA Securities on recovery momentum

BofA Securities upgraded Microchip Technology (NASDAQ:MCHP) from Neutral to Buy, raising its price target to $95.00 due to improved recovery momentum and visibility, especially in its industrial, aerospace, defense, and data center segments. The company, which has maintained dividend payments for 24 years, is expected to see EBIT margins recover and long-term EPS potentially reach $4. This upgrade comes amid other positive analyst revisions and Microchip's recent innovations in automotive touchscreen controllers, gate drivers, and military-qualified transient voltage suppressors.

https://www.investing.com/news/analyst-ratings/microchip-technology-stock-rating-upgraded-by-bofa-securities-on-recovery-momentum-93CH-4469838

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Microchip Technology Incorporated Price History

21.00.2026 - MCHP Stock was up 5.3%

• MCHP stock experienced a strong bullish movement today, driven by multiple positive factors:
• The company has shown solid improvements in earnings estimates and received positive analyst optimism, leading to a Zacks Rank #2 (Buy) and no negative revisions from analysts.
• A price target increase by an investment firm to $78.00, showing a potential upside of approximately 3% from the previous closing price, followed the company's earnings exceeding analyst expectations.
• The introduction of a new family of 600V Gate Drivers for high-voltage power management applications points to Microchip's dedication to innovation and addressing industry trends, which likely bolstered investor confidence and the positive market movement.

05.11.2025 - MCHP Stock was up 5.1%

• MCHP's shares surged by 12.17% after the company raised its financial growth outlook for the third quarter of fiscal year 2026, with net sales expected to increase by 12% year-on-year. This positive revision contributed to the bullish momentum.
• Analysts reiterated a "Buy" rating with an increased price target of $80, indicating a 41% upside potential. This endorsement likely boosted investor confidence in the stock.
• Another financial firm adjusted its price target to $75 from $73, maintaining a Buy rating, citing improved bookings and backlog, as well as strong demand across various sectors. This optimistic outlook further fueled the bullish sentiment.
• The overall positive market sentiment towards MCHP, driven by improved financial outlook, analyst endorsements, and strong sector demand, propelled the stock to outperform competitors and the broader market, leading to a notable bullish movement.

03.11.2025 - MCHP Stock was up 14.2%

• Microchip Technology's stock rose following an upward revision of its third-quarter expectations, with improved performance and higher adjusted EPS and net sales forecasts.
• The launch of new low-power digital power monitors, the PAC1711 and PAC1811, which consume half the power of similar solutions, likely influenced the positive market sentiment.
• The bullish trend can also be linked to Microchip's upgraded Q4 guidance, indicating quicker inventory turnover and stabilizing market conditions, backing the company's multi-year recovery outlook.
• Analysts hold an optimistic view on the stock, with a median price target of $75, reflecting confidence in Microchip's growth potential in the semiconductor industry.

03.11.2025 - MCHP Stock was up 12.1%

• Marvell Technology Inc. reported strong earnings, positively impacting the semiconductor industry, including Microchip Technology.
• Microchip's improved third-quarter outlook and the introduction of new low-power digital power monitors have received investor attention, resulting in a bullish movement in the stock.
• The company's decision to raise its Q4 guidance to the high end of the range demonstrates confidence in its performance and market conditions, driving the stock price higher.
• Overall, Microchip's strategic advancements in product development and financial outlook have contributed to today's bullish movement in its stock.

03.11.2025 - MCHP Stock was up 11.2%

• MCHP stock experienced a strong bullish movement today due to multiple positive catalysts:
• The announcement of a groundbreaking power-saving innovation for portable devices, which is expected to boost demand for Microchip's energy-efficient chips and improve battery life in electronics.
• Strong Q3 earnings expectations exceeding analyst forecasts, showcasing the company's strategic initiatives and financial management that have garnered investor confidence.
• Improved third-quarter outlook with raised adjusted EPS and net sales forecasts, signaling better-than-expected performance and positive sentiment from analysts.
• The combination of these factors has propelled MCHP stock higher, positioning the company for continued growth and market outperformance in the semiconductor industry.

28.00.2026 - MCHP Stock was up 6.3%

• Microchip Technology's stock surged by 6.8% following an upgrade to a "Buy" rating and an increased price target to $95. This positive sentiment was driven by signs of recovery in the analog chip market and increased demand from sectors like data centers, aerospace, and autos.
• The company's recent product expansions, including the maXTouch M1 touchscreen-controller lineup for automotive displays, and the announcement of a quarterly dividend, have also contributed to the bullish market movement.
• Analyst upgrades from multiple firms, and the overall positive outlook for the company's recovery momentum and long-term earnings potential have further fueled investor confidence in Microchip Technology.
• The stock's year-to-date gain of 24.8% and reaching a new 52-week high reflect the market's optimism towards the company's strategic initiatives and growth prospects in key sectors.

28.00.2026 - MCHP Stock was up 7.5%

• Microchip Technology (MCHP) saw a significant increase in its stock price today, reaching a new 52-week high of $80.00. This surge followed several analyst upgrades and a raised price target to $95.00.
• The positive market movement can be linked to MCHP being upgraded to a strong-buy rating by Zacks Research. Analysts highlighted the company's recent expansion in automotive touchscreen controllers and its track record of consistent dividend payments.
• Investor optimism towards MCHP was further boosted by Bank of America's shift from a Neutral to Buy rating. This upgrade suggested a potential 26.4% increase in the stock price, in line with other analysts' positive outlook on the company.
• Overall, the market's response indicates growing confidence in Microchip Technology's future growth opportunities. This confidence stems from the company's strategic product innovations and its recovery in key sectors such as industrial, aerospace, defense, and data centers.

28.00.2026 - MCHP Stock was up 5.9%

• The stock rating of Microchip Technology (NASDAQ: MCHP) was upgraded from Neutral to Buy by BofA Securities. This change was motivated by improved recovery momentum and visibility in key segments like industrial, aerospace, defense, and data centers.
• BofA Securities' upgrade is backed by positive analyst revisions and recent innovations in automotive touchscreen controllers, gate drivers, and military-qualified transient voltage suppressors.
• The bullish movement in MCHP's stock is linked to the upgrade, an increased price target of $95.00, and anticipated EBIT margin recovery, with long-term EPS growth potential reaching $4.
• Additionally, recent insider selling by the CEO, combined with positive sentiment from product expansion and momentum indicators, further influenced the bullish market movement of Microchip Technology's stock.

06.00.2026 - MCHP Stock was up 7.1%

• An upgrade of Microchip Technology by Cantor Fitzgerald, alongside other semiconductor stocks, has boosted investor confidence in the sector, contributing to MCHP's positive momentum.
• The company's positive outlook for Q3 fiscal 2026, supported by robust bookings and market recovery, has garnered investor interest and sparked a favorable market response.
• A raised price target for MCHP by Needham reflects a favorable sentiment towards the company's improved prospects, further buoying its bullish trajectory.
• In summary, positive forecasts, analyst upgrades, and market recovery in the semiconductor industry have propelled Microchip Technology's stock to a strong bullish movement recently.

06.00.2026 - MCHP Stock was up 11.6%

• Microchip Technology's stock rallied due to pre-announcing strong December quarter results and a positive outlook for the March quarter, indicating a strong recovery from a three-year downturn under the leadership of CEO Steve Sanghi.
• The company's decision to boost production and raise sales guidance for the current quarter contributed to the positive movement, impacting other major chip manufacturers like Texas Instruments and Qualcomm.
• Analysts, including JPMorgan and Morgan Stanley, have raised their price targets for MCHP, anticipating continued growth and expanding margins throughout 2026, reflecting confidence in the company's performance and market position.
• Increasing demand for specialty chips, driven by AI data center buildouts and strong bookings activity, positions Microchip for potential outperformance in the semiconductor industry in the coming year.

06.00.2026 - MCHP Stock was up 8.7%

• Analysts have raised price targets for MCHP due to the company's increased sales guidance and strong bookings, indicating confidence in its future performance.
• Despite maintaining an "equal weight" rating, the increase in price target and positive Q3 guidance led to a significant surge in MCHP stock price.
• The overall positive sentiment towards semiconductor stocks, as indicated by an upgrade of MCHP, also contributed to the bullish movement in Microchip Technology's stock.
• Corporate developments and positive trial results in the semiconductor industry, along with the general market optimism towards tech stocks, likely played a role in driving MCHP's upward momentum.

04.11.2025 - MCHP Stock was up 5.3%

• An reiterated "Buy" rating and $80 price target for MCHP from Rosenblatt Securities, despite profitability pressures, boosted investor sentiment and drove the stock price up.
• Strong Q2 earnings, new product innovations like the LAN866x family and CAN FD Transceiver, and favorable geopolitical shifts regarding semiconductor tariffs and export limits contributed to MCHP's stock performance.
• The announcement of a major power-saving innovation for portable devices, expected to significantly improve battery life, increased investor interest and trading volume, further pushing the stock price up.
• Higher trading volume and increased investor interest were also fueled by MCHP raising its Q3 earnings expectations above analyst forecasts, showcasing strong operational performance and strategic initiatives within the semiconductor industry.