Based on ratings from 18 stock analysts, the Microchip Technology Inc stock price is expected to increase by 12.87% in 12 months. This is calculated by using the average 12-month stock price forecast for Microchip Technology Inc. The lowest target is $77.00 and the highest is $105.00. 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 $92.11 as an average. On the higher end, the forecast price is $105.00 USD by melissa fairbanks from Raymond James and on the lower end MCHP is forecasted to be $77.00 by toshiya hari from Goldman Sachs.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
vivek arya Bank of America Securities | Buy | $100.0 | reiterated | Feb 2, 2024 |
harsh kumar Piper Sandler | Hold | $80.0 | reiterated | Feb 2, 2024 |
harlan sur J.P. Morgan | Buy | $95.0 | reiterated | Feb 2, 2024 |
john vinh KeyBanc | Buy | None | rated | Feb 2, 2024 |
christopher rolland Susquehanna | Buy | $100.0 | maintained | Feb 2, 2024 |
vijay rakesh Mizuho Securities | Hold | $82.0 | maintained | Feb 2, 2024 |
toshiya hari Goldman Sachs | Hold | $77.0 | maintained | Feb 2, 2024 |
timothy arcuri UBS | Buy | $95.0 | maintained | Feb 2, 2024 |
quinn bolton Needham | Buy | $90.0 | maintained | Feb 2, 2024 |
matt ramsay TD Cowen | Hold | $80.0 | maintained | Feb 1, 2024 |
joshua buchalter TD Cowen | Hold | $80.0 | maintained | Feb 1, 2024 |
hans mosesmann Rosenblatt Securities | Buy | $100.0 | maintained | Jan 30, 2024 |
pradeep ramani UBS | Buy | $105.0 | maintained | Jan 25, 2024 |
chris caso Wolfe Research | Buy | $105.0 | upgraded | Jan 17, 2024 |
ambrish srivastava BMO Capital | Hold | None | rated | Jan 10, 2024 |
tore svanberg Stifel Nicolaus | Buy | $96.0 | maintained | Jan 9, 2024 |
william stein Truist Financial | Buy | $93.0 | maintained | Jan 9, 2024 |
christopher danely Citi | Buy | $100.0 | reiterated | Jan 8, 2024 |
gary mobley Wells Fargo | Hold | $90.0 | maintained | Jan 8, 2024 |
aaron rakers Wells Fargo | Hold | $90.0 | maintained | Jan 3, 2024 |
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.
When did it IPO
1993
Staff Count
22,600
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. Ganesh Moorthy
Market Cap
$44.10B
In 2023, MCHP generated $0 in revenue, which was a increase of 0.00% 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 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
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$123.38
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