Microchip Technology Incorporated with ticker code (MCHP) now have 22 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between $105.00 and $75.00 calculating the average target price we see $93.23. Given that the stocks previous close was at $80.31 this is indicating there is a potential upside of 16.1%. It’s also worth noting that there is a 50 day moving average of $79.94 while the 200 day moving average is $87.02. The market capitalization for the company is 43.24B. The price for the stock stands currently at: $80.59 USD
The potential market cap would be $50,192,744,646 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 32.11, revenue per share of $12.20 and a 7.25% return on assets.
Microchip Technology Incorporated is a provider of smart, connected and secure embedded control solutions. The Company’s product portfolio is a combination of hardware, software and services. Its synergistic product portfolio empowers disruptive growth trends, including fifth generation, data centers, artificial intelligence and machine learning, Internet of things and edge computing, advanced driver assist systems and autonomous driving, and electric vehicles. It operates through two segments. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed-signal, timing, wired and wireless connectivity devices, and memory products. The technology licensing segment includes sales and licensing of the Company’s intellectual property. Its solutions serve approximately 124,000 customers across the industrial, automotive, consumer, aerospace and defense, communications, and computing markets.
