Microchip Technology (MCHP)
(Delayed Data from NSDQ)
$74.81 USD
+1.44 (1.96%)
Updated Nov 1, 2024 04:00 PM ET
After-Market: $74.81 0.00 (0.00%) 7:58 PM ET
4-Sell of 5 4
D Value C Growth B Momentum D VGM
View All Zacks #1 Ranked Stocks
Microchip Technology (MCHP) Price Targets
| Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
|---|---|---|---|
| $93.32 | $110.00 | $70.00 | 27.19% |
Price Target
Based on short-term price targets offered by 22 analysts, the average price target for Microchip Technology comes to $93.32. The forecasts range from a low of $70.00 to a high of $110.00. The average price target represents an increase of 27.19% from the last closing price of $73.37.
Analyst Price Targets (22)
Broker Rating
Microchip Technology currently has an average brokerage recommendation (ABR) of 1.59 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 22 brokerage firms. The current ABR compares to an ABR of 1.65 a month ago based on 23 recommendations.
Of the 22 recommendations deriving the current ABR, 15 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 68.18% and 4.55% of all recommendations. A month ago, Strong Buy made up 65.22%, while Buy represented 4.35%.
Broker Rating Breakdown
Brokerage Recommendations
| Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
|---|---|---|---|---|---|
| Strong Buy | 15 | 15 | 15 | 15 | 14 |
| Buy | 1 | 1 | 1 | 1 | 1 |
| Hold | 6 | 6 | 7 | 6 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 |
| ABR | 1.59 | 1.59 | 1.65 | 1.59 | 1.68 |
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 |
|---|---|---|---|---|
| 10/28/2024 | UBS | Timothy Arcuri | Strong Buy | Strong Buy |
| 10/23/2024 | B. Riley Securities | Craig A Ellis | Strong Buy | Strong Buy |
| 10/21/2024 | Susquehanna Financial Group | Christopher Rolland | Strong Buy | Strong Buy |
| 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 | Not Identified | Not Identified | Strong Buy | Strong Buy |
| 8/2/2024 | Cowen & Co. | Joshua Buchalter | Hold | Hold |
| 8/2/2024 | Mizuho SecuritiesUSA | Vijay R Rakesh | Strong Buy | Strong Buy |
| 7/31/2024 | Rosenblatt Securities | Hans Mosesmann | Strong Buy | Strong Buy |
| 5/12/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
| 5/7/2024 | KeyBanc Capital Markets | John Vinh | Strong Buy | Strong Buy |
| 5/7/2024 | Goldman Sachs | Toshiya Hari | Hold | Hold |
| 5/7/2024 | Needham & Company | Nathaniel Q Bolton | Moderate Buy | Moderate Buy |
| 5/6/2024 | Exane BNP Paribas | David O'Connor | Not Available | Hold |
| 5/6/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
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 | 1.59 |
| ABR (Last week) | 1.59 |
| # of Recs in ABR | 22 |
| Average Target Price | $93.32 |
| LT Growth Rate | NA |
| Industry | Semiconductor - Analog and Mixed |
| Industry Rank by ABR | 153 of 252 |
| Current Quarter EPS Est: | 0.43 |
MCHP FAQs
Microchip Technology Incorporated (MCHP) currently has an average brokerage recommendation (ABR) of 1.59 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 22 brokerage firms.
The average price target for Microchip Technology Incorporated (MCHP) is $93.32. The current on short-term price targets is based on 11 reports.
The forecasts for Microchip Technology Incorporated (MCHP) range from a low of $70 to a high of $110. The average price target represents a increase of $24.74 from the last closing price of $74.81.
The current UPSIDE for Microchip Technology Incorporated (MCHP) is 24.74%
Based on short-term price targets offered by 22 analysts, the average price target for Microchip Technology comes to $93.32. The forecasts range from a low of $70.00 to a high of $110.00. The average price target represents an increase of 27.19% from the last closing price of $73.37.