Microchip Technology Inc
NASDAQ:MCHP

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Microchip Technology Inc
NASDAQ:MCHP
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Price: 55.51 USD -0.86% Market Closed
Market Cap: 29.8B USD
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Wall Street
Price Targets

MCHP Price Targets Summary
Microchip Technology Inc

Wall Street analysts forecast MCHP stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MCHP is 86.72 USD with a low forecast of 70.7 USD and a high forecast of 99.75 USD.

Lowest
Price Target
70.7 USD
27% Upside
Average
Price Target
86.72 USD
56% Upside
Highest
Price Target
99.75 USD
80% Upside

MCHP Last Price Targets
Microchip Technology Inc

The latest public price target was made on Nov 6, 2024 by Rajvindra Gill from Needham , who expects MCHP stock to rise by 53% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Rajvindra Gill
Needham
85 USD
Upside 53%
1 month ago
Nov 6, 2024
Microchip Technology (MCHP) PT Lowered to $85 at Needham
StreetInsider
William Stein
Truist Financial
71 USD
Upside 28%
1 month ago
Nov 6, 2024
Microchip Technology (MCHP) PT Lowered to $71 at Truist Securities
StreetInsider
Melissa Fairbanks
Raymond James
95 USD
Upside 71%
1 month ago
Nov 6, 2024
Microchip Technology (MCHP) PT Lowered to $95 at Raymond James
StreetInsider
Weston Twigg
KeyBanc
95 USD
Upside 71%
1 month ago
Nov 6, 2024
Microchip Technology (MCHP) PT Lowered to $95 at KeyBanc
StreetInsider
Mark Lipacis
Evercore ISI
95 USD
Upside 71%
1 month ago
Nov 6, 2024
Microchip Technology (MCHP) PT Lowered to $95 at Evercore ISI, 'We're Buyers'
StreetInsider
Vijay Rakesh
Mizuho Securities
95 USD
Upside 71%
2 months ago
Oct 18, 2024
Microchip Technology (MCHP) PT Lowered to $95 at Mizuho
StreetInsider
William Stein
Truist Financial
80 USD
Upside 44%
2 months ago
Sep 23, 2024
Truist Securities Downgrades Microchip Technology (MCHP) to Hold
StreetInsider
Christopher Danely
Citigroup
92 USD
Upside 66%
4 months ago
Aug 21, 2024
Microchip hack does not impact inventory or demand, says Citi
TheFly
Hans Mosesmann
Rosenblatt Securities
90 USD
Upside 62%
4 months ago
Aug 5, 2024
Microchip Technology (MCHP) PT Lowered to $90 at Rosenblatt
StreetInsider
Vijay Rakesh
Mizuho Securities
115 USD
Upside 107%
6 months ago
May 23, 2024
Microchip upgraded to Buy from Neutral at Mizuho
TheFly
Harsh Kumar
Piper Sandler
90 USD
Upside 62%
7 months ago
May 7, 2024
Microchip Technology (MCHP) PT Raised to $90 at Piper Sandler
StreetInsider
Vijay Rakesh
Mizuho Securities
85 USD
Upside 53%
7 months ago
May 7, 2024
Microchip Technology (MCHP) PT Raised to $85 at Mizuho
StreetInsider
Rajvindra Gill
Needham
100 USD
Upside 80%
7 months ago
May 7, 2024
Microchip Technology (MCHP) PT Raised to $100 at Needham
StreetInsider
Mark Lipacis
Evercore ISI
106 USD
Upside 91%
8 months ago
Apr 15, 2024
Microchip initiated with an Outperform at Evercore ISI
TheFly
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Rajvindra Gill
Needham
Price Target 85 USD
Upside/Downside 53%
View Source
William Stein
Truist Financial
Price Target 71 USD
Upside/Downside 28%
View Source
Melissa Fairbanks
Raymond James
Price Target 95 USD
Upside/Downside 71%
View Source
Weston Twigg
KeyBanc
Price Target 95 USD
Upside/Downside 71%
View Source
Mark Lipacis
Evercore ISI
Price Target 95 USD
Upside/Downside 71%
View Source
Vijay Rakesh
Mizuho Securities
Price Target 95 USD
Upside/Downside 71%
View Source
William Stein
Truist Financial
Price Target 80 USD
Upside/Downside 44%
View Source
Christopher Danely
Citigroup
Price Target 92 USD
Upside/Downside 66%
View Source
Hans Mosesmann
Rosenblatt Securities
Price Target 90 USD
Upside/Downside 62%
View Source
Vijay Rakesh
Mizuho Securities
Price Target 115 USD
Upside/Downside 107%
View Source
Harsh Kumar
Piper Sandler
Price Target 90 USD
Upside/Downside 62%
View Source
Vijay Rakesh
Mizuho Securities
Price Target 85 USD
Upside/Downside 53%
View Source
Rajvindra Gill
Needham
Price Target 100 USD
Upside/Downside 80%
View Source
Mark Lipacis
Evercore ISI
Price Target 106 USD
Upside/Downside 91%
View Source
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Microchip Technology Inc Competitors:
Price Targets
TSEM
Tower Semiconductor Ltd
15% Upside
MEMS
Memscap SA
80% Upside
SLAB
Silicon Laboratories Inc
10% Downside
002079
Suzhou Good-Ark Electronics Co Ltd
1% Upside
SIMO
Silicon Motion Technology Corp
45% Upside
MXL
Maxlinear Inc
4% Upside
6278
Taiwan Surface Mounting Technology Corp
11% Upside
6531
AP Memory Technology Corp
6% Downside

Revenue
Forecast

Revenue Estimate
Microchip Technology Inc

For the last 8 years the compound annual growth rate for Microchip Technology Inc's revenue is 17%. The projected CAGR for the next 3 years is -4%.

17%
Past Growth
-4%
Estimated Growth
Estimates Accuracy
-2%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Microchip Technology Inc

For the last 8 years the compound annual growth rate for Microchip Technology Inc's operating income is 28%. The projected CAGR for the next 3 years is -1%.

28%
Past Growth
-1%
Estimated Growth
Estimates Accuracy
-48%
Average Miss

Net Income
Forecast

Net Income Estimate
Microchip Technology Inc

For the last 8 years the compound annual growth rate for Microchip Technology Inc's net income is 25%. The projected CAGR for the next 3 years is 4%.

25%
Past Growth
4%
Estimated Growth
Estimates Accuracy
-62%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is MCHP's stock price target?
Price Target
86.72 USD

According to Wall Street analysts, the average 1-year price target for MCHP is 86.72 USD with a low forecast of 70.7 USD and a high forecast of 99.75 USD.

What is Microchip Technology Inc's Revenue forecast?
Projected CAGR
-4%

For the last 8 years the compound annual growth rate for Microchip Technology Inc's revenue is 17%. The projected CAGR for the next 3 years is -4%.

What is Microchip Technology Inc's Operating Income forecast?
Projected CAGR
-1%

For the last 8 years the compound annual growth rate for Microchip Technology Inc's operating income is 28%. The projected CAGR for the next 3 years is -1%.

What is Microchip Technology Inc's Net Income forecast?
Projected CAGR
4%

For the last 8 years the compound annual growth rate for Microchip Technology Inc's net income is 25%. The projected CAGR for the next 3 years is 4%.

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