Microchip Technology, Inc. has a market cap of $33.8 billion and develops smart embedded control solutions. Stock prices have gained 8.2% in 2025 but plunged 17.9% over the past year, underperforming the S&P 500. Following lackluster Q1 results, MCHP stock prices dropped 6.6%. Net sales for the quarter fell 13.4% to $1.1 billion. Analysts expect an adjusted EPS of $1.18 for fiscal 2026, with a mixed earnings surprise history. The consensus rating is a “Moderate Buy,” with a mean price target of $77.50, suggesting a 24.9% upside potential. Wells Fargo initiated coverage with an “Equal-Weight” rating and a $60 price target.

Read more at Barchart: Do Wall Street Analysts Like Microchip Technology Stock?