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MCHP
Microchip Technology Incorporated · Technology
$99.77
+8.67% this month
VERSUS
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COMPARE
ADI
Analog Devices, Inc. · Technology
$434.46
+4.86% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
MCHP
2
ADI
3
Comparison scoreboard
ADI LEADS 3/5AI Score
MCHP 53.7
ADI ✓64.2
1Y Return
MCHP +47.39%
ADI ✓+91.02%
Fwd P/E
MCHP ✓23.28
ADI 28.28
Target Up.
MCHP ✓+18.90%
ADI +7.96%
Op. Margin
MCHP 17.07%
ADI ✓38.08%
Metrics last refreshed: 6/20/2026
Quick take
MCHP vs ADI Stock Comparison: AI Score, Valuation, Performance and Upside
Microchip Technology and Analog Devices both serve industrial and automotive semiconductor markets with complementary product lines — Microchip's microcontrollers vs ADI's analog/mixed-signal ICs. Both suffered from similar industrial inventory corrections. ADI is generally regarded as the higher-quality analog franchise; Microchip is the MCU volume leader with a more aggressive dividend track record. Both are recovery plays on industrial semiconductor demand normalization.
MCHP vs ADI is the MCU and embedded control market leader with aggressive dividend growth through semiconductor cycles (Microchip) versus the premier analog signal chain semiconductor company with precision converters, amplifiers, and 5G infrastructure exposure (Analog Devices) — embedded microcontroller volume vs high-precision analog signal chain quality.
Live analysis · updated 6/20/2026
ADI holds the edge across 3 of 5 key metrics in this comparison. ADI has delivered stronger 1-year price return (+91.02% vs +47.39%), though MCHP trades at the lower forward P/E (23.28x vs 28.28x). ADI leads on both revenue growth (37.20%) and operating margin (38.08%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for MCHP (+18.90%) than for ADI (+7.96%).
Normalized 1Y performance
MCHP
ADI
Recent returns
MCHP
ADI
Analyst price targets & sentiment
MCHP · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.8/5.0)
Price target range
analyst low$50.00
analyst mean$113.24
current price$99.77
+18.9% upside to analyst mean
ADI · 31 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.9/5.0)
Price target range
analyst low$155.00
analyst mean$451.03
current price$434.46
+8.0% upside to analyst mean
Who should consider this stock?
MCHP may suit investors who:
- →prefer microcontroller market leadership with deep embedded software ecosystems creating industrial design-in stickiness across motor control, appliances, and IoT
- →value Microchip's dividend growth track record as an income-generating semiconductor holding through cyclical downturns
- →want aerospace and defense semiconductor exposure via Microsemi acquisition for higher-margin, defense-program-driven revenue
- →are comfortable with industrial inventory correction duration, acquisition-driven debt levels, and MCU market competition from Renesas and STMicro
ADI may suit investors who:
- →prefer the premier analog signal chain semiconductor brand — ADI's precision converters are designed into high-reliability test, measurement, and industrial equipment with decades-long product lifecycles
- →value 5G infrastructure analog front-end exposure as a structural growth driver beyond industrial cycle recovery
- →want the highest-quality analog semiconductor franchise with Maxim integration expanding power and automotive analog breadth
- →are comfortable with industrial analog inventory correction timelines, 5G carrier capex cycle dependence, and premium valuation for analog quality
Performance & AI score
| Metric | MCHP | ADI |
|---|---|---|
| AI score | 53.7 | 64.2 |
| AI rank | #295 | #73 |
| Latest close | $99.77 | $434.46 |
| 1M return | +8.67% | +4.86% |
| 6M return | +55.91% | +60.29% |
| 1Y return | +47.39% | +91.02% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | MCHP | ADI |
|---|---|---|
| 1Y ago | $14.67K (+46.7%) started 2025-06-18 | $18.92K (+89.2%) started 2025-06-18 |
| 5Y ago | $15.63K (+56.3%) started 2021-06-21 | $30.32K (+203.2%) started 2021-06-21 |
| 10Y ago | $53.02K (+430.2%) started 2016-06-20 | $109.21K (+992.1%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | MCHP | ADI |
|---|---|---|
| Market cap | $51.63B | $203.5B |
| Trailing P/E | 432.91 | 62.08 |
| Forward P/E | 23.28 | 28.28 |
| Price/Sales | 8.00 | 11.23 |
| EV/Revenue | 12.10 | 16.39 |
| Analyst target | $113.24 | $451.03 |
| Target upside | +18.90% | +7.96% |
Growth, profitability & risk
| Metric | MCHP | ADI |
|---|---|---|
| Revenue growth | 35.10% | 37.20% |
| Earnings growth | -81.60% | 110.50% |
| EPS growth | -81.60% | +110.50% |
| FCF margin | +24.19% | +30.37% |
| Operating margin | 17.07% | 38.08% |
| Profit margin | 4.88% | 26.01% |
| ROIC proxy | 3.40% | 9.64% |
| Return on equity | 3.40% | 9.64% |
| Dividend yield | 1.91% | 1.05% |
| Beta | 1.73 | 1.18 |
| Debt/equity | 87.72 | 25.81 |
| Current ratio | 2.09 | 1.75 |
| Quick ratio | 1.00 | 1.23 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
MCHP max drawdown34.87%
ADI max drawdown15.99%
MCHP max wkly drop13.22%
ADI max wkly drop11.24%
5Y risk snapshot
MCHP max drawdown63.77%
ADI max drawdown32.20%
MCHP max wkly drop27.13%
ADI max wkly drop18.34%
10Y risk snapshot
MCHP max drawdown63.77%
ADI max drawdown33.62%
MCHP max wkly drop29.72%
ADI max wkly drop18.34%
Performance metrics by period
| Period | Metric | MCHP | ADI |
|---|---|---|---|
| 1Y | Growth | +46.68% | +89.18% |
| CAGR | +46.76% | +89.36% | |
| Sharpe ratio | 0.98 | 2.01 | |
| Max drawdown | 34.87% | 15.99% | |
| Max daily drop | 8.28% | 6.38% | |
| Max wkly drop | 13.22% | 11.24% | |
| 5Y | Growth | +45.09% | +182.96% |
| CAGR | +7.74% | +23.17% | |
| Sharpe ratio | 0.29 | 0.66 | |
| Max drawdown | 63.77% | 32.20% | |
| Max daily drop | 16.80% | 9.37% | |
| Max wkly drop | 27.13% | 18.34% | |
| 10Y | Growth | +348.89% | +807.02% |
| CAGR | +16.21% | +24.69% | |
| Sharpe ratio | 0.46 | 0.70 | |
| Max drawdown | 63.77% | 33.62% | |
| Max daily drop | 20.29% | 16.61% | |
| Max wkly drop | 29.72% | 18.34% |
Business comparison
| Category | MCHP | ADI |
|---|---|---|
| Company | Microchip Technology Incorporated | Analog Devices, Inc. |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
| Core business | Microchip Technology designs and manufactures microcontrollers (MCUs), microprocessors (MPUs), and analog semiconductors for embedded control applications. Microchip's MCUs are the 'brains' of embedded systems — controlling motors, industrial equipment, appliances, automotive systems, and IoT devices. Microchip serves industrial, automotive, aerospace/defense, and consumer markets. Microchip grew significantly through acquisitions including Microsemi (aerospace/defense analog) and Atmel (AVR microcontrollers). Microchip is known as an aggressive dividend payer. | Analog Devices (ADI) is a leader in analog, mixed-signal, and digital signal processing (DSP) semiconductors for industrial, communications, automotive, and healthcare applications. ADI acquired Maxim Integrated in 2021, significantly expanding its analog portfolio. ADI's converters (ADCs and DACs), amplifiers, and power management ICs are used in test and measurement equipment, factory automation, 5G base stations, and medical devices. ADI is regarded as one of the highest-quality analog semiconductor companies with exceptional engineering talent. |
| Investor focus | Investors track MCU market share vs Renesas and STMicroelectronics, industrial end market demand recovery, and Microchip's dividend growth track record. | Investors track industrial analog demand recovery, 5G infrastructure buildout, ADI's converter and amplifier market share, and Maxim integration synergies. |
MCHP strengths
- →MCU market leadership with deep embedded software ecosystem — Microchip's MPLAB IDE and extensive device driver libraries create stickiness in industrial design-ins
- →Aerospace and defense exposure via Microsemi acquisition provides higher-margin, defense-cycle-resistant revenue
- →Consistent dividend growth history — Microchip has raised its dividend for 20+ consecutive quarters, appealing to income-focused semiconductor investors
ADI strengths
- →Premier analog engineering brand — ADI's precision converters and signal chain components are designed into high-reliability, long-lifecycle industrial and measurement applications
- →5G infrastructure exposure through base station analog front-end components — a structural growth driver as 5G networks expand globally
- →Maxim acquisition added power management and auto-analog capabilities, strengthening ADI's automotive and IoT product breadth
Risks to watch — MCHP
- →MCU inventory correction has been severe — industrial distributors over-ordered during 2021–2022 supply constraints and are still working down excess inventory
- →Microchip's acquisition-heavy growth strategy added significant debt that must be managed through semiconductor downturns
- →STMicro and Renesas compete aggressively for MCU design-wins in automotive and industrial markets
Risks to watch — ADI
- →Industrial analog inventory correction — like Microchip, ADI faces prolonged industrial end market inventory destocking from 2021–2022 over-ordering
- →5G infrastructure investment cycles depend on carrier spending — telecom capex cycles create lumpy ADI communication revenue
- →Analog semiconductor cycles are long — inventory corrections can take 6–8 quarters to fully normalize
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