Microchip (MCHP) Stock Forecast, Price Target & Predictions


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MCHP Stock Forecast


Microchip stock forecast is as follows: an average price target of $92.32 (represents a 18.94% upside from MCHP’s last price of $77.62) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

MCHP Price Target


The average price target for Microchip (MCHP) is $92.32 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $61.00. This represents a potential 18.94% upside from MCHP's last price of $77.62.

MCHP Analyst Ratings


Buy

According to 13 Wall Street analysts, Microchip's rating consensus is 'Buy'. The analyst rating breakdown for MCHP stock is 1 'Strong Buy' (7.69%), 8 'Buy' (61.54%), 4 'Hold' (30.77%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Microchip Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 21, 2024Christopher DanelyCitigroup$92.00$80.2814.60%18.53%
Aug 05, 2024Hans MosesmannRosenblatt Securities$90.00$74.6720.53%15.95%
May 23, 2024Vijay RakeshMizuho Securities$115.00$98.1417.18%48.16%
May 07, 2024Harsh KumarPiper Sandler$90.00$93.02-3.25%15.95%
May 07, 2024Rajvindra GillNeedham$100.00$93.766.66%28.83%
May 07, 2024Vijay RakeshMizuho Securities$85.00$93.76-9.34%9.51%
Apr 15, 2024Mark LipacisEvercore ISI$106.00$85.7023.69%36.56%
Jan 17, 2024Chris CasoWolfe Research$105.00$83.3425.99%35.27%
Nov 16, 2022-Credit Suisse$85.00$76.9410.48%9.51%
Nov 03, 2022Harsh KumarPiper Sandler$80.00$59.4634.54%3.07%
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The latest Microchip stock forecast, released on Aug 21, 2024 by Christopher Danely from Citigroup, set a price target of $92.00, which represents a 14.60% increase from the stock price at the time of the forecast ($80.28), and a 18.53% increase from MCHP last price ($77.62).

Microchip Price Target by Period


1M3M12M
# Anlaysts128
Avg Price Target$92.00$91.00$97.88
Last Closing Price$77.62$77.62$77.62
Upside/Downside18.53%17.24%26.10%

In the current month, the average price target of Microchip stock is $92.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 18.53% increase as opposed to Microchip's last price of $77.62. This month's average price target is up 1.10% compared to last quarter, and down -6.01% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 21, 2024CitigroupBuyBuyHold
Aug 16, 2024Piper SandlerNeutralOverweightUpgrade
Aug 02, 2024Cowen & Co.HoldHoldHold
Jul 31, 2024SusquehannaUnderperformUnderperformHold
Jul 31, 2024UBSBuyBuyHold
Jul 17, 2024SusquehannaPositivePositiveHold
Jul 10, 2024Morgan Stanley-Equal-WeightDowngrade
May 13, 2024SusquehannaUnderperformUnderperformHold
May 07, 2024B. RileyBuyBuyHold
May 07, 2024Cowen & Co.HoldHoldHold
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Microchip's last stock rating was published by Citigroup on Aug 21, 2024. The company gave MCHP a "Buy" rating, the same as its previous rate.

Microchip Financial Forecast


Microchip Revenue Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Revenue-------------$1.77B$2.25B$2.29B$2.23B$2.17B$2.07B-$1.84B$1.76B$1.65B$1.57B$1.47B$1.35B$1.31B$1.31B$1.33B$1.29B
Avg Forecast$1.98B$1.92B$1.92B$1.81B$1.67B$1.60B$1.54B$1.39B$1.27B$1.20B$1.16B$1.24B$1.33B$1.77B$2.27B$2.29B$2.23B$2.16B$2.06B$1.95B$1.82B$1.75B$1.65B$1.55B$1.46B$1.35B$1.26B$1.28B$1.32B$1.28B
High Forecast$2.00B$1.94B$1.95B$1.83B$1.69B$1.62B$1.56B$1.41B$1.29B$1.22B$1.17B$1.26B$1.34B$1.86B$2.29B$2.32B$2.25B$2.18B$2.09B$1.95B$2.06B$1.98B$1.86B$1.75B$1.65B$1.52B$1.43B$1.45B$1.49B$1.44B
Low Forecast$1.97B$1.92B$1.92B$1.80B$1.67B$1.60B$1.53B$1.39B$1.27B$1.20B$1.16B$1.24B$1.32B$1.73B$2.22B$2.28B$2.22B$2.15B$2.06B$1.95B$1.68B$1.61B$1.52B$1.43B$1.34B$1.24B$1.17B$1.18B$1.22B$1.18B
# Analysts99711761266714791019189881267127447443
Surprise %-------------1.00%1.00%1.00%1.00%1.01%1.01%-1.01%1.01%1.00%1.01%1.01%1.00%1.04%1.02%1.01%1.01%

Microchip's average Quarter revenue forecast for Mar 24 based on 9 analysts is $1.33B, with a low forecast of $1.32B, and a high forecast of $1.34B. MCHP's average Quarter revenue forecast represents a -24.82% decrease compared to the company's last Quarter revenue of $1.77B (Dec 23).

Microchip EBITDA Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761266714791019189881267127447443
EBITDA-------------$529.40M$885.00M$903.10M$1.02B$992.00M$1.01B-$783.20M$804.20M$607.10M$641.50M$510.20M$409.60M$467.90M$481.40M$472.10M$430.30M
Avg Forecast$785.80M$763.65M$764.84M$718.13M$663.90M$637.77M$610.91M$554.42M$507.04M$477.63M$461.30M$493.90M$773.34M$705.19M$900.96M$910.76M$703.04M$857.44M$674.62M$777.25M$639.12M$783.58M$613.29M$637.86M$477.95M$399.23M$425.36M$437.64M$433.63M$409.81M
High Forecast$795.58M$773.16M$774.36M$727.07M$672.16M$645.70M$618.51M$561.32M$513.35M$483.58M$465.31M$500.05M$928.01M$740.65M$908.93M$922.09M$843.64M$868.10M$809.55M$777.25M$766.95M$940.30M$735.95M$765.43M$573.54M$479.08M$510.44M$525.16M$520.36M$491.77M
Low Forecast$784.13M$762.03M$763.22M$716.61M$662.49M$636.41M$609.61M$553.24M$505.97M$476.62M$460.32M$492.85M$618.67M$689.43M$883.02M$908.82M$562.43M$855.61M$539.70M$777.25M$511.30M$626.86M$490.64M$510.28M$382.36M$319.38M$340.29M$350.11M$346.91M$327.85M
Surprise %-------------0.75%0.98%0.99%1.45%1.16%1.49%-1.23%1.03%0.99%1.01%1.07%1.03%1.10%1.10%1.09%1.05%

9 analysts predict MCHP's average Quarter EBITDA for Mar 24 to be $773.34M, with a high of $928.01M and a low of $618.67M. This is 46.08% upper than Microchip's previous annual EBITDA (Dec 23) of $529.40M.

Microchip Net Income Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761266714791019189881267127447443
Net Income-------------$419.20M$666.60M$666.40M$604.00M$580.30M$546.20M-$437.90M$352.80M$242.00M$252.80M$116.00M$36.20M$73.60M$123.60M$99.90M$311.10M
Avg Forecast$686.97M$675.04M$673.34M$603.25M$548.39M$503.09M$454.86M$377.43M$305.32M$261.70M$238.38M$283.04M$487.47M$564.45M$879.94M$890.70M$443.15M$841.43M$268.92M$729.40M$402.87M$343.75M$244.47M$251.36M$108.67M$35.28M$66.91M$112.36M$91.76M$296.29M
High Forecast$698.08M$685.96M$684.24M$613.01M$557.26M$511.23M$462.22M$383.54M$310.26M$265.93M$255.01M$287.62M$584.96M$612.38M$901.80M$905.11M$531.79M$855.04M$322.70M$729.40M$483.44M$412.50M$293.36M$301.64M$130.40M$42.34M$80.29M$134.84M$110.11M$355.54M
Low Forecast$685.07M$673.17M$671.48M$601.59M$546.88M$501.70M$453.60M$376.39M$304.48M$260.98M$237.72M$282.26M$389.98M$532.50M$808.89M$888.24M$354.52M$839.10M$215.13M$729.40M$322.29M$275.00M$195.58M$201.09M$86.93M$28.23M$53.53M$89.89M$73.41M$237.03M
Surprise %-------------0.74%0.76%0.75%1.36%0.69%2.03%-1.09%1.03%0.99%1.01%1.07%1.03%1.10%1.10%1.09%1.05%

Microchip's average Quarter net income forecast for Mar 24 is $487.47M, with a range of $389.98M to $584.96M. MCHP's average Quarter net income forecast represents a 16.29% increase compared to the company's last Quarter net income of $419.20M (Dec 23).

Microchip SG&A Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761266714791019189881267127447443
SG&A-------------$172.20M$196.60M$203.60M$203.50M$202.90M$202.40M-$187.20M$177.50M$179.90M$174.30M$165.10M$385.80M$377.60M$381.70M$414.20M$419.40M
Avg Forecast$208.32M$202.45M$202.77M$190.38M$176.01M$169.08M$161.96M$146.98M$134.42M$126.63M$122.30M$130.94M$208.39M$186.95M$238.85M$241.45M$189.45M$227.32M$199.91M$206.06M$172.22M$172.95M$181.74M$173.31M$154.66M$376.03M$343.27M$347.00M$380.45M$399.43M
High Forecast$210.92M$204.97M$205.29M$192.75M$178.20M$171.18M$163.97M$148.81M$136.10M$128.20M$123.36M$132.57M$250.07M$196.35M$240.97M$244.46M$227.34M$230.14M$239.89M$206.06M$206.67M$207.54M$218.08M$207.97M$185.60M$451.24M$411.93M$416.40M$456.54M$479.31M
Low Forecast$207.88M$202.02M$202.34M$189.98M$175.63M$168.72M$161.61M$146.67M$134.14M$126.36M$122.04M$130.66M$166.71M$182.78M$234.10M$240.94M$151.56M$226.83M$159.93M$206.06M$137.78M$138.36M$145.39M$138.65M$123.73M$300.83M$274.62M$277.60M$304.36M$319.54M
Surprise %-------------0.92%0.82%0.84%1.07%0.89%1.01%-1.09%1.03%0.99%1.01%1.07%1.03%1.10%1.10%1.09%1.05%

Microchip's average Quarter SG&A projection for Mar 24 is $208.39M, based on 9 Wall Street analysts, with a range of $166.71M to $250.07M. The forecast indicates a 21.02% rise compared to MCHP last annual SG&A of $172.20M (Dec 23).

Microchip EPS Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts99711761266714791019189881267127447443
EPS--------------$1.23-$1.10$1.06$0.99-$0.79$0.64$0.44$0.46$0.21$0.07$0.14$0.25$0.21$0.65
Avg Forecast$1.27$1.24$1.24$1.11$1.01$0.93$0.84$0.70$0.56$0.48$0.44$0.52$0.57$1.04$1.62$1.64$1.62$1.55$1.44$1.34$1.25$1.17$1.06$0.95$0.87$0.79$0.71$0.72$0.68$0.63
High Forecast$1.29$1.26$1.26$1.13$1.03$0.94$0.85$0.71$0.57$0.49$0.47$0.53$0.58$1.13$1.66$1.67$1.65$1.58$1.47$1.34$1.47$1.37$1.24$1.12$1.02$0.93$0.84$0.84$0.79$0.74
Low Forecast$1.26$1.24$1.24$1.11$1.01$0.92$0.84$0.69$0.56$0.48$0.44$0.52$0.57$0.98$1.49$1.64$1.62$1.55$1.44$1.34$1.13$1.06$0.95$0.86$0.78$0.71$0.64$0.65$0.61$0.57
Surprise %--------------0.76%-0.68%0.68%0.69%-0.63%0.55%0.42%0.48%0.25%0.09%0.20%0.35%0.31%1.03%

According to 10 Wall Street analysts, Microchip's projected average Quarter EPS for Dec 23 is $1.04, with a low estimate of $0.98 and a high estimate of $1.13. This represents a -15.46% decrease compared to MCHP previous annual EPS of $1.23 (Sep 23).

Microchip Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WOLFWolfspeed$8.72$60.85597.82%Hold
SYNASynaptics$74.57$174.00133.34%Buy
ALGMAllegro MicroSystems$22.44$37.0064.88%Buy
LSCCLattice Semiconductor$44.79$62.1138.67%Buy
SWKSSkyworks Solutions$102.47$133.7430.52%Hold
ONON Semiconductor$71.72$87.4721.96%Buy
MCHPMicrochip$77.62$92.3218.94%Buy
QRVOQorvo$107.65$126.8017.79%Buy
NXPINXP Semiconductors$229.93$244.226.21%Buy
ADIAnalog Devices$225.42$225.960.24%Buy
TXNTexas Instruments$199.93$199.35-0.29%Buy
MPWRMonolithic Power Systems$914.10$662.22-27.55%Buy

MCHP Forecast FAQ


Yes, according to 13 Wall Street analysts, Microchip (MCHP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 8 'Buy' recommendations, accounting for 69.23% of MCHP's total ratings.

Microchip (MCHP) average price target is $92.32 with a range of $61 to $115, implying a 18.94% from its last price of $77.62. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MCHP stock, the company can go up by 18.94% (from the last price of $77.62 to the average price target of $92.32), up by 48.16% based on the highest stock price target, and down by -21.41% based on the lowest stock price target.

MCHP's average twelve months analyst stock price target of $92.32 does not support the claim that Microchip can reach $120 in the near future.

1 Wall Street analyst forecast a $92 price target for Microchip (MCHP) this month, up 18.53% from its last price of $77.62. Compared to the last 3 and 12 months, the average price target increased by 17.24% and increased by 26.10%, respectively.

Microchip's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $6.2B (high $6.28B, low $6.19B), average EBITDA is $2.47B (high $2.5B, low $2.46B), average net income is $1.88B (high $1.91B, low $1.88B), average SG&A $654.03M (high $662.17M, low $652.64M), and average EPS is $3.47 (high $3.53, low $3.46). MCHP's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $7.62B (high $7.72B, low $7.61B), average EBITDA is $3.03B (high $3.07B, low $3.03B), average net income is $2.64B (high $2.68B, low $2.63B), average SG&A $803.93M (high $813.93M, low $802.22M), and average EPS is $4.86 (high $4.94, low $4.85).

Based on Microchip's last annual report (Mar 2023), the company's revenue was $8.44B, beating the average analysts forecast of $8.4B by 0.50%. Apple's EBITDA was $3.78B, beating the average prediction of $3.01B by 25.41%. The company's net income was $2.24B, missing the average estimation of $2.28B by -1.98%. Apple's SG&A was $797.7M, missing the average forecast of $822.73M by -3.04%. Lastly, the company's EPS was $4.07, missing the average prediction of $5.95 by -31.64%. In terms of the last quarterly report (Dec 2023), Microchip's revenue was $1.77B, missing the average analysts' forecast of $1.77B by -0.41%. The company's EBITDA was $529.4M, missing the average prediction of $705.19M by -24.93%. Microchip's net income was $419.2M, missing the average estimation of $564.45M by -25.73%. The company's SG&A was $172.2M, missing the average forecast of $186.95M by -7.89%. Lastly, the company's EPS was $0, missing the average prediction of $1.04 by -100.00%