# Microchip Technology Incorporated  Share Price Target ‘$101.54’, now 10.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/microchip-technology-incorporated-share-price-target-101.54-now-10.3-upside-potential/4121163663
- Published: 2024-07-04T11:45:29+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 range between the high target price and low target price is between $115.00 
and $88.00 and has a mean share price target at $101.54. (at the time of writing).
Now with the previous closing price of $92.06 this would imply there is now a potential
upside of 10.3%. There is a 50 day moving average of $93.06 and the 200 day MA is
$86.01. The company has a market cap of 50.24B. The stock price is currently at:
$93.58 USD

 The potential market cap would be $55,415,509,099 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 26.89, 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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