Published On: Wed, Oct 19th, 2016

Analyst Coverage: Microchip Technology Incorporated (NASDAQ:MCHP)


Recently stock market analysts have updated their consensus ratings on shares of Microchip Technology Incorporated (NASDAQ:MCHP).

Most recent broker ratings

09/30/2016 – Mizuho began new coverage on Microchip Technology Incorporated giving the company a “neutral” rating. They now have a USD 67 price target on the stock.

08/09/2016 – Microchip Technology Incorporated had its “buy” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 64 price target on the stock.

08/09/2016 – Microchip Technology Incorporated had its “buy” rating reiterated by analysts at Needham & Company. They now have a USD 70 price target on the stock.

05/17/2016 – Microchip Technology Incorporated had its “buy” rating reiterated by analysts at Credit Agricole. They now have a USD 58 price target on the stock.

05/17/2016 – CLSA began new coverage on Microchip Technology Incorporated giving the company a “buy” rating. They now have a USD 58 price target on the stock.

05/05/2016 – Microchip Technology Incorporated had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 56 price target on the stock.

04/18/2016 – Microchip Technology Incorporated had its “buy” rating reiterated by analysts at Citigroup.

04/05/2016 – Microchip Technology Incorporated had its “sell” rating reiterated by analysts at Goldman Sachs. They now have a USD 43 price target on the stock.

01/19/2016 – Microchip Technology Incorporated was upgraded to “overweight” by analysts at Morgan Stanley. They now have a USD 55 price target on the stock.

11/09/2015 – Bank of America Merrill Lynch began new coverage on Microchip Technology Incorporated giving the company a “neutral” rating. They now have a USD 52 price target on the stock.

11/05/2015 – Microchip Technology Incorporated was upgraded to “buy” by analysts at B. Riley. They now have a USD 60 price target on the stock.

11/05/2015 – Microchip Technology Incorporated had its “positive” rating reiterated by analysts at Susquehanna. They now have a USD 56 price target on the stock.

09/29/2015 – Microchip Technology Incorporated had its “equal weight” rating reiterated by analysts at Pacific Crest.

09/08/2015 – Microchip Technology Incorporated was upgraded to “overweight” by analysts at JP Morgan. They now have a USD 54 price target on the stock.

08/24/2015 – Microchip Technology Incorporated was downgraded to “hold” by analysts at Drexel Hamilton. They now have a USD 40 price target on the stock.

Microchip Technology Incorporated has a 50 day moving average of 60.75 and a 200 day moving average of 54.56. The stock’s market capitalization is 12.67B, it has a 52-week low of 39.01 and a 52-week high of 63.11.

The share price of the company (NASDAQ:MCHP) was up +0.27%, with a high of 59.63during the day and the volume of Microchip Technology Incorporated shares traded was 1740502.

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products. Its functional activities include sales, marketing, manufacturing, information technology, human resources, legal and finance. Its product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a spectrum of linear, mixed-signal, power management, thermal management, radio frequency (RF), timing, safety, security, wired connectivity and wireless connectivity devices, as well as serial electrically erasable programmable read-only memories (EEPROMs) and serial flash memories.