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.

Several price targets were given for MCHP by the analysts covering the stock. The most optimistic analyst gave a price target of 115, implying potential capital gains of 42.5 percent. The most pessimistic analyst gave a price target of 81, implying potential capital losses of 0.37 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 10.86 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.

MCHP has an estimated earnings growth rate of 625.1 percent as forecasted by analysts. 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. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MCHP is 0.2.

MCHP has a 52-week high of 87.49 and a 52-week low of 54.51. Currently the stock is 48.05 percent higher than its low, and below the high by 7.76 percent. 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.