Microchip Technology, Inc. [MCHP] stock prices are down -0.37% to $80.29 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The MCHP shares have gain 4.19% over the last week, with a monthly amount drifted -0.85%, 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 September 23, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $80 from $89. Previously, Piper Sandler upgraded its rating to Overweight on August 16, 2024, and elevated its price target to $100. On August 02, 2024, TD Cowen reiterated its Hold rating and revised its price target to $80 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $90 on August 02, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $100 on July 11, 2024. Mizuho upgraded its rating to Buy for this stock on May 24, 2024, and upped its price target to $115. In a note dated May 13, 2024, Jefferies initiated an Buy rating and provided a target price of $115 on this stock.
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 $91.64 within the next 12 months. Microchip Technology, Inc. [NASDAQ: MCHP] shares were valued at $80.29 at the most recent close of the market. An investor can expect a potential return of 14.14% 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 79.33 points at the first support level, and at 78.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.84, and for the 2nd resistance point, it is at 81.38.
Ratios To Look Out For
It’s worth pointing out that Microchip Technology, Inc. [NASDAQ:MCHP]’s Current Ratio is 1.94. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 6.54, the price to book ratio is 6.72 and price to earnings (TTM) ratio is 32.08.
Transactions by insiders
Recent insider trading involved Bjornholt James Eric, Senior VP and CFO, that happened on Aug 23 ’24 when 2154.0 shares were sold. Officer, Bjornholt James Eric completed a deal on Aug 23 ’24 to buy 2154.0 shares. Meanwhile, Director CHAPMAN MATTHEW W sold 2748.0 shares on Jun 10 ’24.
