Microchip Technology Incorporated (NASDAQ:MCHP) is one of the 9 Best American Semiconductor Stocks to Buy According to Analysts.
On May 8, 2026, KeyBanc raised the firm’s price target on Microchip Technology Incorporated (NASDAQ:MCHP) to $135 from $85 while maintaining an Overweight rating. The firm said the company delivered strong fiscal Q4 results and provided Q1 guidance above expectations, adding that key cyclical indicators continue to improve.
JPMorgan also raised its price target on Microchip Technology Incorporated (NASDAQ:MCHP) to $120 from $95 while maintaining an Overweight rating. The firm described the quarter as a “clean beat across the board” with guidance that exceeded expectations.
Similarly, Raymond James analyst Melissa Fairbanks raised the firm’s price target on Microchip Technology Incorporated (NASDAQ:MCHP) to $125 from $90 and maintained a Strong Buy rating. The analyst said the quarter reflected continued recovery, highlighted by inventory reductions across internal channels, distributors, and customers, as well as lower underutilization charges and longer lead times that suggest improving demand trends across the analog semiconductor industry. Raymond James added that while operating expenses are expected to rise as incentives normalize, expanding gross margins are expected to offset those costs and support continued EPS growth. The firm also pointed to Microchip’s exposure to data center and aerospace and defense markets as factors supporting a stronger cyclical recovery and improved visibility into future earnings expansion.
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On May 7, 2026, Microchip Technology Incorporated (NASDAQ:MCHP) reported fiscal Q4 non-GAAP EPS of 57c, versus the 50c consensus estimate, while revenue totaled $1.31B compared to expectations of $1.26B. CEO Steve Sanghi said quarterly results significantly exceeded expectations, with revenue coming in above the high end of guidance and increasing 10.6% sequentially and 35.1% year over year. Sanghi added that the company ended the fiscal year with strong momentum as demand conditions improved and customer inventory levels normalized. According to Sanghi, Microchip is seeing stronger booking and sell-through trends, increased expedited activity, and meaningful operating leverage as the company executes on its recovery strategy.
Microchip Technology Incorporated (NASDAQ:MCHP) develops, manufactures, and sells embedded control solutions across the Americas, Europe, and Asia.
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