# Microchip Technology Incorporated – Consensus ‘buy’ rating and 13.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/microchip-technology-incorporated-consensus-buy-rating-and-13.2-upside-potential/4121163268
- Published: 2024-07-01T14:32:42+01:00
- Author: Charlotte Edwards

**Microchip Technology Incorporated** with ticker code (MCHP) have now 23 market
analysts covering the stock. The analyst consensus now points to a rating of ‘buy’.
The target price High/Low ranges between $115.00 and $88.00 with the average target
price sitting at $101.25. Given that the stocks previous close was at $89.43 and
the analysts are correct then we can expect a percentage increase in value of 13.2%.
Also worth taking note is the 50 day moving average now sits at $92.50 and the 200
moving average now moves to $85.80. The company has a market capitalization of 49.13B.
The current stock price for Microsoft Corporation is currently $91.50 USD

 The potential market cap would be $55,617,949,413 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 26.29, revenue per share of $14.09
and a 9.92% return on assets.

Microchip Technology Incorporated is a provider of smart, connected and secure embedded
control solutions. The Company’s product portfolio is a combination of hardware,
software and services. Its synergistic product portfolio empowers disruptive growth
trends, including fifth generation, data centers, artificial intelligence and machine
learning, Internet of things and edge computing, advanced driver assist systems 
and autonomous driving, and electric vehicles. It operates through two segments.
In the semiconductor products segment, the Company designs, develops, manufactures
and markets microcontrollers, development tools and analog, interface, mixed-signal,
timing, wired and wireless connectivity devices, and memory products. The technology
licensing segment includes sales and licensing of the Company’s intellectual property.
Its solutions serve approximately 124,000 customers across the industrial, automotive,
consumer, aerospace and defense, communications, and computing markets.

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