A share price of Microchip Technology, Inc [MCHP] is currently trading at $58.56, up 1.19%. 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 0.43% over the last week, with a monthly amount drifted -12.22%, 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 December 16, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $65 from $80. Previously, TD Cowen reaffirmed its Hold rating on November 06, 2024, and dropped its price target to $70. On September 23, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $80 on the stock. Piper Sandler upgraded its rating to a Overweight and increased its price target to $100 on August 16, 2024. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $80 on August 02, 2024. BofA Securities downgraded its rating to Neutral for this stock on August 02, 2024, and downed its price target to $90. In a note dated July 11, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $102 to $100.
Microchip Technology, Inc experienced fluctuations in its stock price throughout the past year between $55.27 and $100.57. Currently, Wall Street analysts expect the stock to reach $89.13 within the next 12 months. Microchip Technology, Inc [NASDAQ: MCHP] shares were valued at $58.56 at the most recent close of the market. An investor can expect a potential return of 52.2% based on the average MCHP price forecast.
Analyzing the MCHP fundamentals
Trailing Twelve Months sales for Microchip Technology, Inc [NASDAQ:MCHP] were 5.50B which represents -48.37% decline. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.02.
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 57.67 points at the first support level, and at 56.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.03, and for the 2nd resistance point, it is at 59.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Microchip Technology, Inc [NASDAQ:MCHP] is 0.88. As well, the Quick Ratio is 0.48, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 5.79, the price to book ratio is 5.01 and price to earnings (TTM) ratio is 40.84.
Transactions by insiders
Recent insider trading involved Bjornholt James Eric, SENIOR VP AND CFO, that happened on Nov 25 ’24 when 4688.0 shares were sold. Officer, Bjornholt James Eric completed a deal on Nov 25 ’24 to buy 4688.0 shares. Meanwhile, Senior VP and CFO Bjornholt James Eric sold 2154.0 shares on Aug 23 ’24.
