B. Riley Securities Cuts MCHP Price Target to $98

B. Riley's Call on Microchip Technology

B. Riley Securities kept its Buy rating on Microchip Technology Incorporated on October 22, 2026, while lowering its price target from $108.00 to $98.00. The firm delivered its updated research note on the same day the stock closed at $74.79.

MCHP Microchip Technology Incorporated

$74.91 ▲ +17.16% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Other Institutional Activity in Microchip Technology

Hosking Partners cut its stake by 34,186 shares to end with 296,965 shares valued at about $23.1 million. Boston Partners reduced its holdings by 225,648 shares, leaving it with 14,522,587 shares worth roughly $1.09 billion. Aristotle Capital Management, LLC trimmed its position by 841,710 shares down to 10,800,194 shares valued at about $807.8 million. Victory Capital Management Inc. lowered its holdings by 1,906,853 shares, ending with 9,806,001 shares worth roughly $733.4 million.

Microchip Technology Incorporated Stock Down 1.5%

Microchip Technology recently traded around $74.74 on October 22, 2026, down about 0.1% from its event-day close of $74.79. The shares sit below their 50-day moving average of $75.36 and below their 200-day moving average of $79.59. The stock trades well below its 52-week high of $105.91 while holding above its 52-week low of $48.52.

Recent Earnings

The company generated trailing twelve-month revenue of $5.12 billion alongside trailing earnings of $0.69 per share. Microchip Technology posted a net profit margin of 9.3% and a return on equity of 7.2%.

Dividend

The firm pays an annual dividend rate of $1.82 per share, translating to a dividend yield of 2.36% based on recent trading levels.

Insider Buying and Selling at Microchip Technology Incorporated

Company insiders executed several sales across recent months, including a director sale of 3,000 shares in May and transactions by the chief operating officer and chief financial officer through August 2026.

Analysts Set New Price Targets

Cantor Fitzgerald reiterated an overweight rating with a $125.00 target on August 17, 2026, while BMO Capital initiated coverage with an outperform rating and a $95.00 target on August 21, 2026. Later, TD Cowen and Wells Fargo maintained hold-equivalent ratings in October with targets of $75.00 and $80.00 respectively.

About Microchip Technology

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions for customers across the globe. The company operates through its Semiconductor Products and Technology Licensing segments.

Bottom Line

Investors will watch for fresh updates when the company reports its next earnings results on November 5, 2026. Analyst adjustments continue to shape expectations as the stock trades below its newly lowered targets.