Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Microchip Technology Inc Market Cap
Based on ratings from 26 stock analysts, the Microchip Technology Inc stock price is expected to increase by 36.33% in 12 months. This is calculated by using the average 12-month stock price forecast for Microchip Technology Inc. The lowest target is $70 and the highest is $98. Please note analyst price targets are not guaranteed and could be missed completely.
MCHP is a stock in Technology which has been forecasted to be worth $84.416 as an average. On the higher end, the forecast price is $98 USD by Chris Caso from Credit Suisse and on the lower end MCHP is forecasted to be $70 by Craig Ellis from B. Riley Securities.
These are the latest 20 analyst ratings of MCHP.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Tore Svanberg Stifel | Buy | $87 | Maintains | Dec 3, 2024 |
| Quinn Bolton Needham | Buy | $85 | Reiterates | Dec 3, 2024 |
| John Vinh Keybanc | Overweight | $90 | Maintains | Dec 3, 2024 |
| Blayne Curtis Jefferies | Buy | $90 | Maintains | Nov 6, 2024 |
| Hans Mosesmann Rosenblatt | Buy | $90 | Maintains | Nov 6, 2024 |
| Christopher Rolland Susquehanna | Positive | $90 | Maintains | Nov 6, 2024 |
| Mark Lipacis Evercore ISI Group | Outperform | $95 | Reiterates | Nov 6, 2024 |
| Christopher Danely Citigroup | Buy | $82 | Maintains | Nov 6, 2024 |
| Weston Twigg Keybanc | Overweight | $95 | Maintains | Nov 6, 2024 |
| Harsh Kumar Piper Sandler | Overweight | $85 | Maintains | Nov 6, 2024 |
| Joshua Buchalter TD Cowen | Hold | $70 | Maintains | Nov 6, 2024 |
| Quinn Bolton Needham | Buy | $85 | Maintains | Nov 6, 2024 |
| Christopher Rolland Susquehanna | Positive | $95 | Maintains | Oct 21, 2024 |
| William Stein Truist Securities | Hold | $80 | Downgrade | Sep 23, 2024 |
| Harsh Kumar Piper Sandler | Overweight | $100 | Upgrade | Aug 16, 2024 |
| Quinn Bolton Needham | Buy | $96 | Maintains | Aug 5, 2024 |
| Hans Mosesmann Rosenblatt | Buy | $90 | Maintains | Aug 5, 2024 |
| Christopher Rolland Susquehanna | Positive | $105 | Maintains | Aug 2, 2024 |
| Craig Ellis B. Riley Securities | Buy | $103 | Maintains | Aug 2, 2024 |
| Harlan Sur JP Morgan | Overweight | $100 | Maintains | Aug 2, 2024 |
When did it IPO
1993
Staff Count
22,300
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. Stephen Sanghi
Market Cap
$33.25B
In 2023, MCHP generated $8.44B in revenue, which was a increase of 23.72% from the previous year. This can be seen as a signal that MCHP's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 06 Dec 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - Oversold stocks in the information technology sector may offer investment opportunities in undervalued companies.
Why It Matters - Oversold tech stocks indicate potential bargains, suggesting a chance for gains as market correction may lead to price recovery and increased investor interest.
Mon, 02 Dec 2024
Sentiment - NEGATIVE
Source - Reuters
Summary - Microchip Technology reduced its Q3 revenue forecast and will close its Arizona wafer manufacturing facility as part of a restructuring under interim CEO Steve Sanghi.
Why It Matters - Microchip Technology's lowered revenue forecast and factory closure signal potential financial instability, which could impact stock performance and investor confidence.
Mon, 02 Dec 2024
Sentiment - POSITIVE
Source - Invezz
Summary - Microchip's stock is in a bear market, down nearly 30% from its 2023 peak. Currently, shares trade at $70.3, approximately 13% above this year's low.
Why It Matters - Microchip's stock decline indicates ongoing market volatility, potentially affecting investor sentiment and future valuations, while the recent uptick suggests possible recovery or short-term trading opportunities.
Mon, 02 Dec 2024
Sentiment - NEGATIVE
Source - WSJ
Summary - A Chandler, Ariz. total system solutions provider will lay off approximately 500 employees due to slower-than-expected orders and ongoing manufacturing restructuring efforts.
Why It Matters - The layoffs signal reduced demand and potential revenue decline, impacting the company's profitability and stock performance, which raises concerns for investors.
Mon, 02 Dec 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Microchip Technology has lowered its revenue guidance for Q4 2024 and announced plans for manufacturing restructuring.
Why It Matters - Lower revenue guidance indicates potential financial underperformance, impacting stock prices. Manufacturing restructuring may signal operational challenges, affecting investor confidence and future growth.
Mon, 02 Dec 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Microchip Technology (NASDAQ:MCHP) will present at the UBS Global Technology and AI Conference on December 3, 2024, at 3:35 p.m. MT, with a live webcast available on their website.
Why It Matters - Microchip's presentation at a major conference highlights its focus on technology and AI, potentially influencing investor sentiment and stock performance based on future growth prospects.
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