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.

Many analysts weighed in on price targets for MCHP. The most optimistic price target was 115, implying a possible profit of 42.5 percent. The most pessimistic analyst gave a price target of 81, implying potential capital losses of 0.37 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is 10.86 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 9.6 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

The growth rate of MCHP's earnings is estimated by analysts to be 625.1 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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.