# Microchip Technology Incorporated – Consensus ‘buy’ rating and 8.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/microchip-technology-incorporated-consensus-buy-rating-and-8.0-upside-potential/4121150659
- Published: 2024-04-08T14:10:41+01:00
- Author: Charlotte Edwards

**Microchip Technology Incorporated** which can be found using ticker (MCHP) now
have 23 confirmed analysts covering the stock with the consensus suggesting a rating
of ‘buy’. The target price High/Low ranges between $105.00 and $77.00 calculating
the average target price we see $93.12. Given that the stocks previous close was
at $86.26 this now indicates there is a potential upside of 8.0%. The 50 day MA 
is $86.28 and the 200 day moving average is $83.91. The company has a market capitalization
of 47.32B. The stock price is currently at: $87.57 USD

 The potential market cap would be $51,085,135,556 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 20.46, revenue per share of $15.70
and a 12.29% 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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