Analyst Ratings for Microchip Technology Inc. (MCHP)

Updated: 2017-07-29

Analysts covering Microchip Technology Inc. (NASDAQ:MCHP) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for MCHP last month.

Of the 19 analysts covering the stock, 11 gave it a buy rating, 2 issued an overweight rating, 6 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for MCHP. The highest price target was 115, implying potential capital gains of 42.5 percent. The most pessimistic price target was 81, implying a possible loss of 0.37 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 10.86 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 9.6 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of MCHP to grow at a rate of 625.1 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. MCHP has a PEG ratio of 0.2.

MCHP has traded between a high of 87.49 and a low of 54.51 over the past year. The current market price is above the trailing year's low by 48.05 percent, and 7.76 percent lower than its 52-week high. MCHP has a price/earnings ratio of 127.11. Investors typically compare the P/E ratio to a company's peers in the industry. The MCHP value stock report compares MCHP to some of its peers using value stock charts. The stock has a market capitalization of $18.83 billion. MCHP will post this quarters earnings in days, on 0000-00-00.