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.

MCHP was given price targets by several analysts. The most optimistic price target was 115, which equates to a potential upside of 42.5 percent. The minimum price target given was 81, which equates to a potential downside of 0.37 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

MCHP has an estimated earnings growth rate of 625.1 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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 a 52-week high of 87.49 and a 52-week low of 54.51. 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's next earnings release will be on 0000-00-00, which is days away.