2-Jul-2026
Microchip (MCHP): New Buy Recommendation for This Technology Giant
TipRanks (Mon, 29-Jun 7:55 AM ET)
Market Chameleon (Thu, 25-Jun 4:13 AM ET)
Globe Newswire (Thu, 25-Jun 8:01 AM ET)
Globe Newswire (Tue, 16-Jun 9:00 AM ET)
Market Chameleon (Thu, 11-Jun 4:13 AM ET)
Globe Newswire (Thu, 11-Jun 8:00 AM ET)
Globe Newswire (Tue, 9-Jun 8:00 AM ET)
Microchip Technology to Present at the 2026 Mizuho Technology Conference
Globe Newswire (Mon, 8-Jun 4:15 PM ET)
Microchip Gains Key U.S. Export License, Paving the Way for Advanced FPGA Innovation in Armenia
Market Chameleon (Thu, 4-Jun 3:54 AM ET)
Microchip Technology Receives U.S. Export License to Expand Advanced FPGA Development in Armenia
Globe Newswire (Thu, 4-Jun 7:18 AM ET)
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Microchip Technology trades on the NASDAQ stock market under the symbol MCHP.
As of July 2, 2026, MCHP stock price declined to $84.64 with 12,759,465 million shares trading.
MCHP has a beta of 2.03, meaning it tends to be more sensitive to market movements. MCHP has a correlation of 0.28 to the broad based SPY ETF.
MCHP has a market cap of $45.88 billion. This is considered a Large Cap stock.
Last quarter Microchip Technology reported $1 billion in Revenue and $.57 earnings per share. This beat revenue expectation by $46 million and exceeded earnings estimates by $.09.
In the last 3 years, MCHP traded as high as $105.91 and as low as $34.13.
The top ETF exchange traded funds that MCHP belongs to (by Net Assets): VTI, VOO, VO, QQQ, SOXX.
MCHP has underperformed the market in the last year with a price return of +20.6% while the SPY ETF gained +21.8%. However, in the short term, MCHP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +30.2% vs +14.0% return in SPY. But in the last 2 weeks, MCHP shares have been beat by the market, returning -10.1% compared to an SPY return of +1.0%.
MCHP support price is $85.13 and resistance is $92.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MCHP shares will trade within this expected range on the day.
