Microchip Technology Incorporated with ticker code (MCHP) have now 21 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $110.00 and $82.00 with the average target price sitting at $97.14. Now with the previous closing price of $73.70 this would indicate that there is a potential upside of 31.8%. It’s also worth noting that there is a 50 day moving average of $77.07 and the 200 moving average now moves to $80.68. The market capitalization for the company is 41.96B. The stock price is currently at: $77.56 USD
The potential market cap would be $55,309,758,085 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 17.01, revenue per share of $16.38 and a 13.21% 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.
