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Microchip Technology (MCHP) Stock Forecast & Price Target

Microchip Technology logo
$58.11 +0.24 (+0.41%)
(As of 12:40 PM ET)

Microchip Technology - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
4
Buy
14

Based on 19 Wall Street analysts who have issued ratings for Microchip Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 1 has given a sell rating, 4 have given a hold rating, and 14 have given a buy rating for MCHP.

Consensus Price Target

$89.63
54.24% Upside
According to the 19 analysts' twelve-month price targets for Microchip Technology, the average price target is $89.63. The highest price target for MCHP is $105.00, while the lowest price target for MCHP is $65.00. The average price target represents a forecasted upside of 54.24% from the current price of $58.11.
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MCHP Analyst Ratings Over Time

TypeCurrent Forecast
12/25/23 to 12/24/24
1 Month Ago
11/25/23 to 11/24/24
3 Months Ago
9/26/23 to 9/25/24
1 Year Ago
12/25/22 to 12/25/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
14 Buy rating(s)
14 Buy rating(s)
14 Buy rating(s)
9 Buy rating(s)
Hold
4 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$89.63$92.00$99.47$94.13
Forecasted Upside54.24% Upside37.95% Upside30.70% Upside4.36% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

MCHP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MCHP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Microchip Technology Stock vs. The Competition

TypeMicrochip TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.68
2.68
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside53.95% Upside273.06% Upside13.93% Upside
News Sentiment Rating
Neutral News

See Recent MCHP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/16/2024Bank of America
3 of 5 stars
 DowngradeNeutral ➝ Underperform$80.00 ➝ $65.00+8.46%
12/3/2024KeyCorp
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$95.00 ➝ $90.00+31.81%
12/3/2024Stifel Nicolaus
4 of 5 stars
 Lower TargetBuy ➝ Buy$90.00 ➝ $87.00+27.42%
12/3/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Buy$85.00 ➝ $85.00+20.89%
11/6/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$100.00 ➝ $90.00+22.17%
11/6/2024Citigroup
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 Lower TargetBuy ➝ Buy$92.00 ➝ $82.00+11.31%
11/6/2024Evercore ISI
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 Reiterated RatingOutperform ➝ Outperform$101.00 ➝ $95.00+27.89%
11/6/2024Susquehanna
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 Lower TargetPositive ➝ Positive$95.00 ➝ $90.00+22.30%
11/6/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$90.00 ➝ $90.00+19.86%
11/6/2024Piper Sandler
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H. Kumar
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Lower TargetOverweight ➝ Overweight$100.00 ➝ $85.00+13.20%
11/6/2024TD Cowen
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 Lower TargetHold ➝ Hold$80.00 ➝ $70.00-6.78%
10/18/2024Mizuho
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Vijay Rakesh
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Set Target$95.00+23.25%
9/23/2024Truist Financial
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W. Stein
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DowngradeBuy ➝ Hold$89.00 ➝ $80.00+3.88%
8/2/2024B. Riley
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 Lower TargetBuy ➝ Buy$110.00 ➝ $103.00+31.61%
8/2/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$110.00 ➝ $100.00+18.53%
7/11/2024Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$102.00 ➝ $100.00+4.19%
5/7/2024UBS Group
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 Boost TargetBuy ➝ Buy$95.00 ➝ $103.00+11.09%
5/7/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$77.00 ➝ $88.00-4.83%
1/18/2024Wolfe Research
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 UpgradePeer Perform ➝ Outperform$105.00+25.99%
8/4/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$80.00 ➝ $90.00+7.35%
2/3/2023Credit Suisse Group
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 Boost TargetNeutral$85.00 ➝ $98.00+17.93%
2/3/2023Raymond James
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 Boost TargetStrong-Buy$90.00 ➝ $105.00+24.22%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:46 PM ET.


Should I Buy Microchip Technology Stock? MCHP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 22, 2024. Please send any questions or comments about these Microchip Technology pros and cons to contact@marketbeat.com.

Microchip Technology
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Microchip Technology Incorporated:

  • Microchip Technology Incorporated recently reported earnings per share (EPS) of $0.46, exceeding analysts' expectations of $0.43. This positive earnings surprise indicates strong financial performance, which can boost investor confidence.
  • The company has a consensus rating of "Moderate Buy" from analysts, with a target price of approximately $90.95. This suggests that many analysts believe the stock has significant upside potential, making it an attractive investment opportunity.
  • Microchip Technology Incorporated has increased its quarterly dividend to $0.455, reflecting a commitment to returning value to shareholders. This increase in dividend can be appealing to income-focused investors.
  • The stock is currently trading at around $61.52, which is significantly lower than its 52-week high of $100.57. This price drop may present a buying opportunity for investors looking for undervalued stocks.
  • Despite a challenging revenue environment, the company reported $1.16 billion in revenue for the latest quarter, slightly above expectations. This resilience in revenue generation can be a positive indicator for future growth.

Microchip Technology
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Microchip Technology Incorporated for these reasons:

  • The company experienced a significant year-over-year revenue decline of 48.4%, which raises concerns about its growth trajectory and market demand for its products.
  • Microchip Technology Incorporated has a high dividend payout ratio of 127.27%, indicating that it is paying out more in dividends than it is earning. This could be unsustainable in the long run and may lead to future cuts in dividends.
  • Analysts have recently downgraded their price targets for the stock, with some estimates dropping to as low as $70.00. This trend may signal a lack of confidence in the company's near-term performance.
  • The stock has shown volatility, with a beta of 1.50, indicating that it is more volatile than the market. This could pose a risk for investors who prefer stable investments.
  • With a current ratio of 0.88, the company may face liquidity challenges, as it has less current assets than current liabilities. This could impact its ability to meet short-term obligations.

MCHP Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Microchip Technology is $89.63, with a high forecast of $105.00 and a low forecast of $65.00.

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There is currently 1 sell rating, 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MCHP shares.

According to analysts, Microchip Technology's stock has a predicted upside of 54.24% based on their 12-month stock forecasts.

Over the previous 90 days, Microchip Technology's stock had 1 downgrade by analysts.

Microchip Technology has been rated by research analysts at Bank of America, Citigroup, Evercore ISI, Jefferies Financial Group, KeyCorp, Mizuho, Needham & Company LLC, Piper Sandler, Rosenblatt Securities, Stifel Nicolaus, Susquehanna, and TD Cowen in the past 90 days.

Analysts like Microchip Technology less than other "computer and technology" companies. The consensus rating score for Microchip Technology is 2.68 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how MCHP compares to other companies.


This page (NASDAQ:MCHP) was last updated on 12/24/2024 by MarketBeat.com Staff
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