Microchip Technology Incorporated (NASDAQ:MCHP) Analyst Rating Consensus

Microchip Technology Incorporated (NASDAQ:MCHP) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.88 by 8 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

Other Equity analysts have also commented on the company shares. CLSA initiates coverage on Microchip Technology Incorporated (NASDAQ:MCHP). The shares have now been rated Buy by the stock experts at the ratings house. CLSA announces the current price target of $58 per share on Microchip Technology Incorporated. The rating by the firm was issued on May 17, 2016.

Microchip Technology Incorporated (NASDAQ:MCHP): 9 analysts have set the short term price target of Microchip Technology Incorporated (NASDAQ:MCHP) at $54.28. The standard deviation of short term price target has been estimated at $7.22, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 63 and $40 respectively.

Microchip Technology Incorporated (NASDAQ:MCHP) rose 0.08% or 0.04 points on Tuesday and made its way into the gainers of the day. After trading began at $52.03 the stock was seen hitting $52.17 as a peak level and $51.6899 as the lowest level. The stock ended up at $51.91. The daily volume was measured at 1,397,043 shares. The 52-week high of the share price is $53.17 and the 52-week low is $37.77. The company has a market cap of $11,151 million.

Microchip Technology Inc. has dropped 0.56% in the last five trading days, however, the shares have posted positive gains of 6.33% in the last 4 weeks. Microchip Technology Inc. is up 8.26% in the last 3-month period. Year-to-Date the stock performance stands at 13.33%.

Microchip Technology Incorporated develops, manufactures and sells specialized semiconductor products for a range of embedded control applications. The Company operates in segments, including semiconductor products and technology licensing. The Companys product portfolio consists of general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; linear, mixed-signal, power management; thermal management; Radio-frequency (RF), safety, security, wired connectivity and wireless connectivity devices, as well as serial EEPROMs, Serial Flash memories, Parallel Flash memories and serial Static Random Access Memory (SRAM). The Company also licenses Flash-IP solutions that are incorporated in a range of products. The Companys products are applicable in the automotive, communications, computing, consumer and industrial control markets.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *