Microchip Technology (MCHP)
(Real Time Quote from BATS)
$77.98 USD
+0.49 (0.63%)
Updated Oct 2, 2024 09:56 AM ET
4-Sell of 5 4
D Value C Growth C Momentum D VGM
Microchip Technology (MCHP) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$95.59 | $110.00 | $80.00 | 23.36% |
Price Target
Based on short-term price targets offered by 22 analysts, the average price target for Microchip Technology comes to $95.59. The forecasts range from a low of $80.00 to a high of $110.00. The average price target represents an increase of 23.36% from the last closing price of $77.49.
Analyst Price Targets (22)
Broker Rating
Microchip Technology currently has an average brokerage recommendation (ABR) of 1.65 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 23 brokerage firms. The current ABR compares to an ABR of 1.59 a month ago based on 22 recommendations.
Of the 23 recommendations deriving the current ABR, 15 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 65.22% and 4.35% of all recommendations. A month ago, Strong Buy made up 68.18%, while Buy represented 4.55%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 15 | 15 | 15 | 14 | 15 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 7 | 7 | 6 | 7 | 6 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.65 | 1.65 | 1.59 | 1.68 | 1.59 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
9/23/2024 | Truist Securities | William S Stein | Strong Buy | Hold |
9/5/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
8/19/2024 | Evercore Partners | Mark Lipacis | Strong Buy | Strong Buy |
8/16/2024 | Piper Sandler | Harsh Kumar | Hold | Strong Buy |
8/7/2024 | Argus Research Corp. | James N Kelleher | Not Available | Strong Buy |
8/2/2024 | Cowen & Co. | Joshua Buchalter | Hold | Hold |
8/2/2024 | Mizuho SecuritiesUSA | Vijay R Rakesh | Strong Buy | Strong Buy |
8/2/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/31/2024 | Rosenblatt Securities | Hans Mosesmann | Strong Buy | Strong Buy |
7/17/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
7/17/2024 | Susquehanna Financial Group | Christopher Rolland | Strong Buy | Strong Buy |
5/12/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
5/7/2024 | Needham & Company | Nathaniel Q Bolton | Moderate Buy | Moderate Buy |
5/7/2024 | KeyBanc Capital Markets | John Vinh | Strong Buy | Strong Buy |
5/7/2024 | UBS | Timothy Arcuri | Strong Buy | Strong Buy |
5/7/2024 | B. Riley Securities | Craig A Ellis | Strong Buy | Strong Buy |
5/7/2024 | Goldman Sachs | Toshiya Hari | Hold | Hold |
5/6/2024 | Exane BNP Paribas | David O'Connor | Not Available | Hold |
5/6/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
2/28/2024 | Wells Fargo Securities | Gary Mobley | Hold | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.65 |
ABR (Last week) | 1.65 |
# of Recs in ABR | 23 |
Average Target Price | $95.59 |
LT Growth Rate | NA |
Industry | Semiconductor - Analog and Mixed |
Industry Rank by ABR | 209 of 252 |
Current Quarter EPS Est: | 0.43 |
MCHP FAQs
Microchip Technology Incorporated (MCHP) currently has an average brokerage recommendation (ABR) of 1.65 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 23 brokerage firms.
The average price target for Microchip Technology Incorporated (MCHP) is $95.59. The current on short-term price targets is based on 11 reports.
The forecasts for Microchip Technology Incorporated (MCHP) range from a low of $80 to a high of $110. The average price target represents a increase of $23.36 from the last closing price of $77.49.
The current UPSIDE for Microchip Technology Incorporated (MCHP) is 23.36%
Based on short-term price targets offered by 22 analysts, the average price target for Microchip Technology comes to $95.59. The forecasts range from a low of $80.00 to a high of $110.00. The average price target represents an increase of 23.36% from the last closing price of $77.49.