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 suggesting an average analyst share price target price of $93.87. (at the time of writing). Given that the stocks previous close was at $76.40 this is indicating there is a potential upside of 22.9%. The 50 day moving average now sits at $85.29 while the 200 day moving average is $87.63. The company has a market capitalization of 40.57B. Currently the stock stands at: $75.61 USD
The potential market cap would be $49,840,966,400 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 30.12, 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.
