Microchip price target lowered to $65 from $70 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Microchip (MCHP) to $65 from $70 and keeps a Neutral rating on the shares. Microchip’s quarter delivered a slight beat but weaker guidance, with Q4 revenue and EPS below expectations as customers delayed orders into 1Q26 to manage budgets amid uncertainty, the analyst tells investors in a research note This shift suggests near-term softness but sets up for stronger-than-seasonal growth early next year, Cantor says.