A share price of Microchip Technology, Inc [MCHP] is currently trading at $53.85, up 2.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MCHP shares have gain 0.65% over the last week, with a monthly amount drifted -3.68%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Microchip Technology, Inc [NASDAQ: MCHP] stock has seen the most recent analyst activity on January 24, 2025, when B. Riley Securities reiterated its Buy rating and also revised its price target to $85 from $93. Previously, BofA Securities downgraded its rating to Underperform on December 16, 2024, and dropped its price target to $65. On November 06, 2024, TD Cowen reiterated its Hold rating and revised its price target to $70 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $80 on September 23, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $100 on August 16, 2024. TD Cowen reiterated a Hold rating for this stock on August 02, 2024, and downed its price target to $80. In a note dated August 02, 2024, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $110 to $90.
Microchip Technology, Inc experienced fluctuations in its stock price throughout the past year between $50.21 and $100.57. Currently, Wall Street analysts expect the stock to reach $85.13 within the next 12 months. Microchip Technology, Inc [NASDAQ: MCHP] shares were valued at $53.85 at the most recent close of the market. An investor can expect a potential return of 58.09% based on the average MCHP price forecast.
Analyzing the MCHP fundamentals
Trailing Twelve Months sales for Microchip Technology, Inc [NASDAQ:MCHP] were 4.76B which represents -41.89% decline. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.12.
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 52.55 points at the first support level, and at 51.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.54, and for the 2nd resistance point, it is at 55.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Microchip Technology, Inc [NASDAQ:MCHP] is 2.25. Further, the Quick Ratio stands at 1.23, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 6.09, the price to book ratio is 4.80 and price to earnings (TTM) ratio is 94.96.
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.
