Why Microchip Technology Incorporated (MCHP) stock fell 10.4% intraday on Friday, November 6, 2026
Microchip Technology Incorporated (MCHP) traded at $58.12 as of 2:31 PM ET, down 10.38% on Friday, November 6, 2026, on volume of 29,033,948 shares (2.9× its 3-month average); market value about $31.60B.
MCHP was among the stocks moving 5% or more in an earlier update that day; by the close it was no longer moving that much.
What happened: primary sources
Events Nexqual found for MCHP on Friday, November 6, 2026 or the trading day before (November 5, 2026):
- Nov 5, 2026: Reported Q2 FY2027 results: adjusted EPS $0.97 vs consensus $0.94 (beat), revenue $1.62B vs consensus $1.61B (beat). Guidance: Net sales for the December quarter are expected to be between down 3% and up 1% sequentially. source
- Nov 6, 2026: Truist Securities: Target lowered, Hold, price target $90 → $62
- Nov 6, 2026: B. Riley Securities: Target lowered, Buy, price target $98 → $85
- Nov 6, 2026: Wells Fargo: Target lowered, Equal-Weight, price target $80 → $70
- Nov 6, 2026: Evercore ISI Group: Target lowered, Outperform, price target $117 → $75
- Nov 6, 2026: Keybanc: Target lowered, Overweight, price target $135 → $120
- Nov 6, 2026: Susquehanna: Target lowered, Positive, price target $120 → $100
These are listed as context. A filing or rating change on the same day is not proof that it caused the move; read the source.
More on MCHP
MCHP stock page: price, SEC financials, insider trades, superinvestor holders, analyst estimates and options. Earnings report: MCHP results, November 5, 2026. Other big moves that day: November 6, 2026.
Sources: SEC EDGAR, Nexqual Earnings Flash, analyst rating changes, Nexqual market data. Built November 10, 2026 at 16:31 UTC. Not investment advice.
Data source: Nexqual. Last updated: November 10, 2026 at 16:31 UTC. This page is informational and not investment advice.
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