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 maximum price target given was 115, implying a possible profit of 42.5 percent. The most pessimistic price target was 81, implying a possible loss of 0.37 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

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, 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, while 0 analysts decreased their estimates.

Analysts estimate earnings of MCHP to grow at a rate of 625.1 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MCHP is 0.2.

In the trailing 52-weeks, MCHP hit 87.49 at the highest peak, while it's lowest trading point was 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 P/E 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 market cap of MCHP is $18.83 billion. MCHP will post this quarters earnings in days, on 0000-00-00.