Microchip Technology (MCHP)
(Delayed Data from NSDQ)
$81.79 USD
+2.01 (2.52%)
Updated Aug 23, 2024 04:00 PM ET
After-Market: $82.20 +0.41 (0.50%) 7:58 PM ET
5-Strong Sell of 5 5
F Value C Growth C Momentum F VGM
Microchip Technology (MCHP) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$96.29 | $110.00 | $80.00 | 20.69% |
Price Target
Based on short-term price targets offered by 21 analysts, the average price target for Microchip Technology comes to $96.29. The forecasts range from a low of $80.00 to a high of $110.00. The average price target represents an increase of 20.69% from the last closing price of $79.78.
Analyst Price Targets (21)
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 1.59 a month ago based on 22 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 68.18%, while Buy represented 4.55%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/MCHP.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 15 | 15 | 15 | 16 | 16 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 6 | 6 | 6 | 5 | 4 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.59 | 1.59 | 1.59 | 1.50 | 1.43 |
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 |
---|---|---|---|---|
8/16/2024 | Piper Sandler | Harsh Kumar | Hold | 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 |
7/17/2024 | Susquehanna Financial Group | Christopher Rolland | Strong Buy | Strong Buy |
7/17/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
5/12/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
5/7/2024 | Truist Securities | William S Stein | Strong Buy | 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 | Not Identified | Not Identified | Strong Buy | Strong Buy |
5/7/2024 | B. Riley Securities | Craig A Ellis | Strong Buy | Strong Buy |
5/7/2024 | UBS | Timothy Arcuri | Strong Buy | Strong Buy |
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 |
4/16/2024 | Evercore Partners | Mark Lipacis | Not Available | Strong Buy |
2/28/2024 | Wells Fargo Securities | Gary Mobley | Hold | Hold |
1/17/2024 | Not Identified | Not Identified | Hold | 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 | $96.29 |
LT Growth Rate | NA |
Industry | Semiconductor - Analog and Mixed |
Industry Rank by ABR | 216 of 253 |
Current Quarter EPS Est: | 0.45 |