Microchip Technology Incorporated with ticker code (MCHP) now have 22 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 $105.00 and $75.00 and has a mean share price target at $91.41. (at the time of writing). Given that the stocks previous close was at $83.34 and the analysts are correct then we can expect a percentage increase in value of 9.7%. It’s also worth noting that there is a 50 day moving average of $84.66 and the 200 moving average now moves to $81.57. The company has a market cap of 46.33B. The current share price for the company is: $85.63 USD
The potential market cap would be $50,815,887,174 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 18.78, 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.
