Microchip Technology, Inc. [MCHP] stock prices are up 0.18% to $88.14 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MCHP shares have gain 2.20% over the last week, with a monthly amount glided 1.40%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Microchip Technology, Inc. [NASDAQ: MCHP] stock has seen the most recent analyst activity on February 02, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $80 from $75. Previously, Wolfe Research upgraded its rating to Outperform on January 18, 2024, and kept the price target unchanged to $105. On January 04, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $80 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $100 on November 08, 2023. Wolfe Research initiated its recommendation with a Peer Perform. Truist reiterated a Buy rating for this stock on July 14, 2023, and upped its price target to $104. In a note dated May 05, 2023, TD Cowen reiterated an Market Perform rating on this stock and revised its target price from $85 to $80.
The stock price of Microchip Technology, Inc. [MCHP] has been fluctuating between $68.75 and $94.30 over the past year. Currently, Wall Street analysts expect the stock to reach $88.54 within the next 12 months. Microchip Technology, Inc. [NASDAQ: MCHP] shares were valued at $88.14 at the most recent close of the market. An investor can expect a potential return of 0.45% based on the average MCHP price forecast.
Analyzing the MCHP fundamentals
The Microchip Technology, Inc. [NASDAQ:MCHP] reported sales of 8.54B for trailing twelve months, representing a drop of -18.60%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.34 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 87.07 points at the first support level, and at 86.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.12, and for the 2nd resistance point, it is at 90.11.
Ratios To Look Out For
It’s worth pointing out that Microchip Technology, Inc. [NASDAQ:MCHP]’s Current Ratio is 0.98. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 5.58, the price to book ratio is 6.73 and price to earnings (TTM) ratio is 20.59.
Transactions by insiders
Recent insider trading involved SANGHI STEVE, Executive Chair, that happened on Mar 07 ’24 when 36443.0 shares were sold. Director, Johnson Karlton D completed a deal on Mar 06 ’24 to sell 92.0 shares. Meanwhile, Senior VP and CFO Bjornholt James Eric sold 1970.0 shares on Feb 23 ’24.
