KeyBanc maintains USD 135.00 target for Microchip Technology stock
Published on 10/20/2026 at 19:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and reporting date
- KeyBanc maintained a USD 135.00 target and Buy rating on October 15, 2026.
- Microchip Technology reported USD 1.48 billion in quarterly revenue for the period ending June 30, 2026.
- Microchip Technology stock costs EUR 67.89 at Lang & Schwarz on October 20, 2026 at 7:38 p.m. CEST.
- Microchip Technology will discuss fiscal second-quarter results on November 5, 2026.
KeyBanc analyst John Vinh maintained a Buy rating and set a USD 135.00 price target for Microchip Technology on October 15, 2026, according to Markets Insider. The target stands 76.82 percent above the USD 76.35 Nasdaq price on October 20, 2026 at 1:42 p.m. ET. Microchip Technology was trading at EUR 67.89 at Lang & Schwarz on October 20, 2026 at 7:38 p.m. CEST.
Revenue rebound supports the case
Microchip reported USD 1.48 billion in revenue for the quarter ended June 30, 2026, up 38.00 percent from USD 1.08 billion a year earlier. Net income reached USD 229.8 million, compared with a GAAP net loss of USD 18.6 million in the prior-year quarter, according to Markets Insider.
Stock remains below its yearly high
The Nasdaq price of USD 76.35 was 27.91 percent below Microchip Technology's 52-week high of USD 105.91 and 57.36 percent above its USD 48.52 low on October 20, 2026. The company had a market capitalization of USD 41.5 billion and a trailing P/E ratio of 105.73 at that quotation. These figures place the stock well above its low while leaving substantial distance to the yearly high.
November results set the next test
Microchip expects fiscal second-quarter diluted earnings per share of USD 0.91 to USD 0.95, according to MarketBeat. KeyCorp's October 14 estimate put fiscal third-quarter earnings per share at USD 0.94, up from USD 0.81, while the company has scheduled its fiscal second-quarter results call for November 5, 2026, according to Microchip Technology.
Comparison with peers
Microchip Technology: USD 41.5 billion market capitalization, P/E 105.73, Nasdaq price USD 76.35 on October 20, 2026. Analog Devices (Nasdaq, USD): up 1.21 percent, P/E 47.35, market capitalization USD 193.4 billion. Texas Instruments (Nasdaq, USD): up 0.85 percent, P/E 42.35, market capitalization USD 254.3 billion.
What the target implies
KeyBanc's target is materially above the latest Nasdaq quotation, while the next company checkpoint combines a revenue recovery with a demanding earnings comparison. The November report will show whether the fiscal second-quarter guidance is translating into the expected operating improvement.
Microchip Technology stock after hours
Microchip Technology stock was trading at EUR 67.89 at Lang & Schwarz on October 20, 2026 at 7:38 p.m. CEST. The Nasdaq quotation was USD 76.35 on October 20, 2026 at 1:42 p.m. ET.
The further course of trading is shown by the continuously updated real-time quote of Microchip Technology stock.
Microchip Technology market facts
- Company: Microchip Technology Incorporated
- ISIN: US5950171042
- Ticker: MCHP
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 20, 2026, 7:38 p.m. CEST): EUR 67.89
- Market capitalization: USD 41.5 billion (as of October 20, 2026)
- 52-week range: USD 48.52-105.91 (as of October 20, 2026)
- Sector / Industry: Technology / Semiconductors
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
