Microchip Technology, Inc. (MCHP) Stock Forecast & Predictions

Microchip Technology, Inc. MCHP: $151.37

2355 W Chandler Blvd, Chandler, Arizona, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: http://www.microchip.com/

  • Market Cap$41.64B
  • Change (52 Weeks)98.25%
  • Low (52 Weeks)$77.48
  • Microchip Technology, Inc. (MCHP) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Microchip Technology, Inc. (MCHP) stock price is $151.37 and the 52 weeks low is $77.48, which means the Microchip Technology, Inc. stock price is up 98.25% in the last 12 months.

    Microchip Technology, Inc. (MCHP) Stock Price has been Trending Strongly with an ADX reading of 35.33 as per the Weekly Chart.

    A Upward trend indicates that Microchip Technology, Inc. (MCHP) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that MCHP Stock price might rise further, 31.25% indicating that MCHP Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MCHP stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Microchip Technology, Inc. (MCHP) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Microchip Technology, Inc. (MCHP) is based on 29 Institutional Analyst Ratings where 65.52% are on Strong Buy, 20.69% on Moderate Buy, 13.79% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 29 Institutional Analysts, majority recommended MCHP stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Microchip Technology, Inc..

    Microchip Technology, Inc. (MCHP) Stock Price Prediction By Analysts


    HighLowAverage
    $210.00$146.45$174.57
    $174.5715.32% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for MCHP set by the institutional analysts is $174.57 where High Estimate is $210.00, Median $168.3 and Low $146.45.

    The average price target for MCHP by Institutional Analysts is $174.57, which is 15.32% Upside from the current price. So according to the Institutional Analysts, MCHP Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Microchip Technology, Inc. (MCHP) Stock Forecast Based on News Sentiment


    Bullish
    Based on 3 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about MCHP, it shows that Microchip Technology, Inc. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that MCHP stock price may surge in the next few weeks.

    Microchip Technology, Inc. (MCHP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Longbow ResearchBuyUpgraded
    RosenblattBuyMaintained
    Morgan StanleyOverweightMaintained
    MizuhoBuyMaintained
    KeyBancOverweightMaintained
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    Credit SuisseOutperformMaintained
    B. Riley FBRBuyMaintained
    Vertical ResearchNeutralDowngraded
    Raymond JamesStrong BuyMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    Morgan StanleyOverweightMaintained
    RosenblattBuyReiterated
    Raymond JamesStrong BuyMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    CitigroupNeutralDowngraded
    BMO CapitalOutperformMaintained
    Morgan StanleyOverweightUpgraded
    NeedhamBuyMaintained
    NeedhamBuyMaintained
    Raymond JamesStrong BuyMaintained
    KeyBancOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    Suntrust Robinson HumphreyBuyMaintained
    Raymond JamesStrong BuyMaintained
    Piper SandlerOverweightMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    CitigroupBuyMaintained
    NeedhamBuyMaintained
    CFRAHoldMaintained
    B. Riley FBRNeutralMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Wells FargoOverweightMaintained
    SusquehannaPositiveMaintained
    JP MorganOverweightMaintained
    B. Riley FBRNeutralMaintained
    NeedhamBuyMaintained
    NeedhamBuyMaintained
    KeyBancOverweightMaintained
    CitigroupBuyMaintained
    B. Riley FBRNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    RosenblattBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightMaintained
    B. Riley FBRBuyMaintained
    RosenblattBuyReiterated
    Raymond JamesStrong BuyReiterated
    Credit SuisseOutperformMaintained
    CFRAHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesBuyUpgraded
    SunTrust Robinson HumphreyBuyMaintained
    KeyBancOverweightMaintained
    Wells FargoOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Wells FargoOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    B. RileyBuyMaintained
    Raymond JamesStrong BuyUpgraded
    KeyBancOverweightUpgraded
    Wells FargoOutperformMaintained
    Longbow ResearchNeutralInitiated
    Wells FargoOutperformInitiated
    MizuhoBuyMaintained
    BMO CapitalOutperformMaintained
    B. RileyBuyMaintained
    B. RileyBuyMaintained
    Cowen & Co.Market PerformInitiated
    NeedhamBuyDowngraded
    Morgan StanleyEqual-WeightMaintained
    BMO CapitalOutperformInitiated
    JefferiesBuyMaintained
    B. Riley FBRBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Raymond JamesMarket PerformDowngraded
    KeyBancSector WeightInitiated
    Bank of AmericaNeutralDowngraded
    NomuraBuyMaintained
    KeyBancOverweightMaintained
    JP MorganOverweightMaintained
    PiperJaffrayOverweightMaintained
    NomuraBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    B. Riley FBRBuyMaintained
    SunTrust Robinson HumphreyBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Goldman SachsBuyUpgraded
    MizuhoBuyUpgraded
    SunTrust Robinson HumphreyBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    PiperJaffrayOverweightInitiated
    Morgan StanleyEqual-WeightMaintained
    JefferiesBuyMaintained
    Credit SuisseOutperformMaintained
    B. Riley FBRBuyMaintained
    B. RileyBuyMaintained
    Morgan StanleyEqual-WeightDowngraded
    ArgusBuyInitiated
    Raymond JamesOutperformInitiated
    Summit Redstone PartnersBuyUpgraded
    NeedhamStrong BuyUpgraded
    SusquehannaPositiveInitiated
    Bank of AmericaBuyUpgraded
    Goldman SachsNeutralUpgraded
    MizuhoNeutralInitiated
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    CLSABuyInitiated
    Goldman SachsSellMaintained
    JefferiesBuyMaintained
    SunTrust Robinson HumphreyNeutralMaintained
    B. Riley FBRBuyMaintained
    B. RileyBuyMaintained
    Morgan StanleyOverweightUpgraded
    NeedhamBuyUpgraded
    Bank of AmericaNeutralInitiated
    B. Riley FBRBuyUpgraded
    B. RileyBuyUpgraded
    JP MorganOverweightUpgraded
    JefferiesBuyMaintained
    Stifel NicolausBuyMaintained
    B. Riley FBRNeutralMaintained
    B. RileyNeutralMaintained
    JP MorganNeutralMaintained
    Stifel NicolausBuyMaintained
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    Credit SuisseOutperformMaintained
    NeedhamHoldDowngraded
    Drexel HamiltonHoldDowngraded
    Credit SuisseOutperformMaintained
    B. Riley FBRNeutralMaintained
    B. RileyNeutralMaintained
    Goldman SachsNeutralDowngraded
    Stifel NicolausBuyMaintained
    JP MorganNeutralMaintained
    CitigroupBuyMaintained
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyMaintained
    CitigroupBuyMaintained
    Drexel HamiltonBuyInitiated
    Stephens & Co.Equal-WeightDowngraded
    MizuhoBuyUpgraded
    Goldman SachsBuyUpgraded
    Morgan StanleyEqual-WeightInitiated
    SusquehannaPositiveMaintained
    Stifel NicolausBuyMaintained
    JefferiesBuyMaintained
    Stifel NicolausBuyMaintained
    JP MorganNeutralMaintained
    Goldman SachsNeutralMaintained
    CitigroupBuyMaintained
    CitigroupBuyUpgraded
    JefferiesBuyMaintained
    ISI GroupStrong BuyUpgraded
    UBSBuyMaintained
    JefferiesBuyMaintained
    Goldman SachsNeutralUpgraded
    NeedhamBuyInitiated
    Stifel NicolausBuyMaintained
    UBSBuyMaintained
    Miller TabakNeutralMaintained
    JefferiesBuyMaintained
    ISI GroupHoldMaintained
    Stifel NicolausBuyMaintained
    BarclaysEqual-WeightMaintained

    Microchip Technology, Inc. (MCHP) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.843
    The average consensus EPS for MCHP is $1.843 with a high estimate of $2.037 and Low of $1.637 for the period 2021-06-30 and based on 23 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.56$1.4583962020-09-30


    The latest average Earning Per Share Estimate for Microchip Technology, Inc. is $1.84, which is higher than MCHP's last EPS, $1.56. This means that Analysts are expecting Microchip Technology, Inc. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Microchip Technology, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $1.56$1.4583962020-09-30
    $1.56$1.4631392020-06-30
    $1.46$1.38038640000000012020-03-31
    $1.32$1.28745422019-12-31
    $1.43$1.4606912019-09-30
    $1.41$1.4007662019-06-30
    $1.48$1.42460342019-03-31
    $1.66$1.60962122018-12-31
    $1.81$1.76358000000000012018-09-30
    $1.61$1.50871260000000022018-06-30
    $1.4$1.37027822018-03-31
    $1.36$1.37729582017-12-31
    $1.41$1.37833620000000012017-09-30
    $1.31$1.25440622017-06-30
    $1.16$1.0799252017-03-31
    $1.05$0.87584342016-12-31
    $0.94$0.88269782016-09-30
    $0.84$0.76029782016-06-30
    $0.7$0.69156000000000012016-03-31
    $0.64$0.6284732015-12-31
    $0.66$0.63888722015-09-30
    $0.69$0.72498542015-06-30
    $0.68$0.68000342015-03-31
    $0.64$0.63210422014-12-31
    $0.67$0.6821252014-09-30
    $0.68$0.67791242014-06-30
    $0.64$0.62466842014-03-31
    $0.61$0.6122013-12-31
    $0.63$0.61396862013-09-30
    $0.57$0.54905580000000012013-06-30
    $0.52$0.481582800000000032013-03-31
    $0.41$0.375941400000000042012-12-31
    $0.48$0.48483662012-09-30
    $0.48$0.48962012-06-30
    $0.46$0.457541400000000042012-03-31
    $0.42$0.424473000000000042011-12-31
    $0.46$0.465803400000000032011-09-30
    $0.55$0.55419662011-06-30
    $0.59$0.58224662011-03-31
    $0.58$0.57676922010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).