# Microchip Technology Incorporated  Share Price Target ‘$101.25’, now 13.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/microchip-technology-incorporated-share-price-target-101.25-now-13.7-upside-potential/4121161860
- Published: 2024-06-24T14:06:49+01:00
- Author: Charlotte Edwards

**Microchip Technology Incorporated** which can be found using ticker (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 calculating
the mean target share price we have $101.25. (at the time of writing). Now with 
the previous closing price of $89.02 this indicates there is a potential upside 
of 13.7%. The 50 day MA is $92.15 and the 200 moving average now moves to $85.54.
The market capitalization for the company is 49.17B. The current stock price for
Microsoft Corporation is currently $91.58 USD

 The potential market cap would be $55,922,965,453 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 26.32, 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.

Share on: