Microchip Technology, Inc. [MCHP] stock prices are up 3.15% to $82.81 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 6.03% over the last week, with a monthly amount drifted -7.69%, 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 August 16, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $100 from $90. Previously, TD Cowen reaffirmed its Hold rating on August 02, 2024, and dropped its price target to $80. On August 02, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $90 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $100 on July 11, 2024. Mizuho upgraded its rating to a Buy and raised its price target to $115 on May 24, 2024. Jefferies started tracking with a Buy rating for this stock on May 13, 2024, and assigned it a price target of $115. In a note dated May 07, 2024, TD Cowen reiterated an Hold rating on this stock and boosted its target price from $80 to $90.
The stock price of Microchip Technology, Inc. [MCHP] has been fluctuating between $68.75 and $100.57 over the past year. Currently, Wall Street analysts expect the stock to reach $92.32 within the next 12 months. Microchip Technology, Inc. [NASDAQ: MCHP] shares were valued at $82.81 at the most recent close of the market. An investor can expect a potential return of 11.48% based on the average MCHP price forecast.
Analyzing the MCHP fundamentals
The Microchip Technology, Inc. [NASDAQ:MCHP] reported sales of 6.59B for trailing twelve months, representing a drop of -45.76%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.2 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.97.
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 81.45 points at the first support level, and at 80.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.52, and for the 2nd resistance point, it is at 84.23.
Ratios To Look Out For
It’s worth pointing out that Microchip Technology, Inc. [NASDAQ:MCHP]’s Current Ratio is 1.94. As well, the Quick Ratio is 1.08, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 6.74, the price to book ratio is 6.94 and price to earnings (TTM) ratio is 33.08.
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.
