A share price of Microchip Technology, Inc. [MCHP] is currently trading at $75.86, up 0.78%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MCHP shares have lost -0.94% over the last week, with a monthly amount drifted -0.33%, 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.
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 $90.53 within the next 12 months. Microchip Technology, Inc. [NASDAQ: MCHP] shares were valued at $75.86 at the most recent close of the market. An investor can expect a potential return of 19.34% based on the average MCHP price forecast.
Analyzing the MCHP fundamentals
Trailing Twelve Months sales for Microchip Technology, Inc. [NASDAQ:MCHP] were 6.59B which represents -45.76% decline. 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 74.99 points at the first support level, and at 74.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.55, and for the 2nd resistance point, it is at 77.25.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Microchip Technology, Inc. [NASDAQ:MCHP] 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 6.18, the price to book ratio is 6.35 and price to earnings (TTM) ratio is 30.31.
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.
