A share price of Microchip Technology, Inc. [MCHP] is currently trading at $92.14, down -1.54%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MCHP shares have gain 3.03% over the last week, with a monthly amount drifted -1.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Microchip Technology, Inc. [NASDAQ: MCHP] stock has seen the most recent analyst activity on May 24, 2024, when Mizuho upgraded its rating to a Buy and also boosted its price target to $115 from $85. Previously, Jefferies started tracking the stock with Buy rating on May 13, 2024, and set its price target to $115. On May 07, 2024, TD Cowen reiterated its Hold rating and revised its price target to $90 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $106 on April 16, 2024. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $80 on February 02, 2024. Wolfe Research upgraded its rating to Outperform for this stock on January 18, 2024, but kept the price target unchanged to $105. In a note dated January 04, 2024, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $80.
Microchip Technology, Inc. experienced fluctuations in its stock price throughout the past year between $68.75 and $100.57. Currently, Wall Street analysts expect the stock to reach $91.59 within the next 12 months. Microchip Technology, Inc. [NASDAQ: MCHP] shares were valued at $92.14 at the most recent close of the market. An investor can expect a potential drop of -0.6% based on the average MCHP price forecast.
Analyzing the MCHP fundamentals
Trailing Twelve Months sales for Microchip Technology, Inc. [NASDAQ:MCHP] were 7.63B which represents -40.62% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.28 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.91.
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 91.53 points at the first support level, and at 90.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.33, and for the 2nd resistance point, it is at 94.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Microchip Technology, Inc. [NASDAQ:MCHP] is 1.20. Also, the Quick Ratio is 0.67, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 6.48, the price to book ratio is 7.43 and price to earnings (TTM) ratio is 26.53.
Transactions by insiders
Recent insider trading involved CHAPMAN MATTHEW W, Director, that happened on Jun 10 ’24 when 2748.0 shares were sold. Director, Johnson Karlton D completed a deal on May 31 ’24 to sell 227.0 shares. Meanwhile, Senior VP and CFO Bjornholt James Eric sold 3188.0 shares on May 23 ’24.
