Microchip (MCHP) Stock Forecast, Price Target & Predictions
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
MCHP Analyst Ratings
Microchip Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 21, 2024 | Christopher Danely | Citigroup | $92.00 | $80.28 | 14.60% | 18.53% |
Aug 05, 2024 | Hans Mosesmann | Rosenblatt Securities | $90.00 | $74.67 | 20.53% | 15.95% |
May 23, 2024 | Vijay Rakesh | Mizuho Securities | $115.00 | $98.14 | 17.18% | 48.16% |
May 07, 2024 | Harsh Kumar | Piper Sandler | $90.00 | $93.02 | -3.25% | 15.95% |
May 07, 2024 | Rajvindra Gill | Needham | $100.00 | $93.76 | 6.66% | 28.83% |
May 07, 2024 | Vijay Rakesh | Mizuho Securities | $85.00 | $93.76 | -9.34% | 9.51% |
Apr 15, 2024 | Mark Lipacis | Evercore ISI | $106.00 | $85.70 | 23.69% | 36.56% |
Jan 17, 2024 | Chris Caso | Wolfe Research | $105.00 | $83.34 | 25.99% | 35.27% |
Nov 16, 2022 | - | Credit Suisse | $85.00 | $76.94 | 10.48% | 9.51% |
Nov 03, 2022 | Harsh Kumar | Piper Sandler | $80.00 | $59.46 | 34.54% | 3.07% |
Microchip Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 2 | 8 |
Avg Price Target | $92.00 | $91.00 | $97.88 |
Last Closing Price | $77.62 | $77.62 | $77.62 |
Upside/Downside | 18.53% | 17.24% | 26.10% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Aug 21, 2024 | Citigroup | Buy | Buy | Hold |
Aug 16, 2024 | Piper Sandler | Neutral | Overweight | Upgrade |
Aug 02, 2024 | Cowen & Co. | Hold | Hold | Hold |
Jul 31, 2024 | Susquehanna | Underperform | Underperform | Hold |
Jul 31, 2024 | UBS | Buy | Buy | Hold |
Jul 17, 2024 | Susquehanna | Positive | Positive | Hold |
Jul 10, 2024 | Morgan Stanley | - | Equal-Weight | Downgrade |
May 13, 2024 | Susquehanna | Underperform | Underperform | Hold |
May 07, 2024 | B. Riley | Buy | Buy | Hold |
May 07, 2024 | Cowen & Co. | Hold | Hold | Hold |
Microchip Financial Forecast
Microchip Revenue Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 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 |
# Analysts | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 9 | 10 | 19 | 18 | 9 | 8 | 8 | 12 | 6 | 7 | 12 | 7 | 4 | 4 | 7 | 4 | 4 | 3 |
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 EBITDA Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 9 | 10 | 19 | 18 | 9 | 8 | 8 | 12 | 6 | 7 | 12 | 7 | 4 | 4 | 7 | 4 | 4 | 3 |
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% |
Microchip Net Income Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 9 | 10 | 19 | 18 | 9 | 8 | 8 | 12 | 6 | 7 | 12 | 7 | 4 | 4 | 7 | 4 | 4 | 3 |
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 SG&A Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 9 | 10 | 19 | 18 | 9 | 8 | 8 | 12 | 6 | 7 | 12 | 7 | 4 | 4 | 7 | 4 | 4 | 3 |
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 EPS Forecast
Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 9 | 10 | 19 | 18 | 9 | 8 | 8 | 12 | 6 | 7 | 12 | 7 | 4 | 4 | 7 | 4 | 4 | 3 |
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% |
Microchip Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
WOLF | Wolfspeed | $8.72 | $60.85 | 597.82% | Hold |
SYNA | Synaptics | $74.57 | $174.00 | 133.34% | Buy |
ALGM | Allegro MicroSystems | $22.44 | $37.00 | 64.88% | Buy |
LSCC | Lattice Semiconductor | $44.79 | $62.11 | 38.67% | Buy |
SWKS | Skyworks Solutions | $102.47 | $133.74 | 30.52% | Hold |
ON | ON Semiconductor | $71.72 | $87.47 | 21.96% | Buy |
MCHP | Microchip | $77.62 | $92.32 | 18.94% | Buy |
QRVO | Qorvo | $107.65 | $126.80 | 17.79% | Buy |
NXPI | NXP Semiconductors | $229.93 | $244.22 | 6.21% | Buy |
ADI | Analog Devices | $225.42 | $225.96 | 0.24% | Buy |
TXN | Texas Instruments | $199.93 | $199.35 | -0.29% | Buy |
MPWR | Monolithic Power Systems | $914.10 | $662.22 | -27.55% | Buy |
MCHP Forecast FAQ
Is Microchip a good buy?
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.
What is MCHP's price target?
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.
Will Microchip stock go up soon?
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.
Can Microchip stock reach $120?
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.
What is Microchip's current price target trend?
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.
What are Microchip's analysts' financial forecasts?
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).
Did the MCHP's actual financial results beat the analysts' financial forecasts?
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%