In the latest quarter, 17 analysts provided ratings for Microchip Technology MCHP, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 8 | 2 | 1 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 1 | 0 |
| 2M Ago | 2 | 1 | 0 | 0 | 0 |
| 3M Ago | 4 | 5 | 1 | 0 | 0 |
Analysts have recently evaluated Microchip Technology and provided 12-month price targets. The average target is $82.88, accompanied by a high estimate of $95.00 and a low estimate of $63.00. This current average has decreased by 9.45% from the previous average price target of $91.53.
Decoding Analyst Ratings: A Detailed Look
The standing of Microchip Technology among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Vinh | Keybanc | Lowers | Overweight | $70.00 | $90.00 |
| Vijay Rakesh | Mizuho | Lowers | Outperform | $72.00 | $85.00 |
| Toshiya Hari | Goldman Sachs | Lowers | Neutral | $63.00 | $72.00 |
| Vivek Arya | B of A Securities | Lowers | Underperform | $65.00 | $80.00 |
| Tore Svanberg | Stifel | Lowers | Buy | $87.00 | $90.00 |
| John Vinh | Keybanc | Lowers | Overweight | $90.00 | $95.00 |
| Quinn Bolton | Needham | Maintains | Buy | $85.00 | $85.00 |
| Christopher Danely | Citigroup | Lowers | Buy | $82.00 | $92.00 |
| Blayne Curtis | Jefferies | Lowers | Buy | $90.00 | $100.00 |
| Joshua Buchalter | TD Cowen | Lowers | Hold | $70.00 | $80.00 |
| Mark Lipacis | Evercore ISI Group | Lowers | Outperform | $95.00 | $101.00 |
| Christopher Rolland | Susquehanna | Lowers | Positive | $90.00 | $95.00 |
| Weston Twigg | Keybanc | Lowers | Overweight | $95.00 | $100.00 |
| Harsh Kumar | Piper Sandler | Lowers | Overweight | $85.00 | $100.00 |
| Hans Mosesmann | Rosenblatt | Maintains | Buy | $90.00 | $90.00 |
| Quinn Bolton | Needham | Lowers | Buy | $85.00 | $96.00 |
| Christopher Rolland | Susquehanna | Lowers | Positive | $95.00 | $105.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Microchip Technology. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Microchip Technology compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Microchip Technology's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Microchip Technology's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Microchip Technology analyst ratings.
About Microchip Technology
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Financial Milestones: Microchip Technology's Journey
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: Microchip Technology's revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -48.37%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.74%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Microchip Technology's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.24%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.5%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.03, caution is advised due to increased financial risk.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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