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NASDAQ: MCHP
Microchip Technology Inc Stock Forecast, Predictions & Price Target

Analyst price target for MCHP

Based on 13 analysts offering 12 month price targets for Microchip Technology Inc.
Min Forecast
$160.00-3.21%
Avg Forecast
$186.00+12.52%
Max Forecast
$210.00+27.04%

Should I buy or sell MCHP stock?

Based on 14 analysts offering ratings for Microchip Technology Inc.
Strong Buy
Strong Buy
10 analysts 71.43%
Buy
2 analysts 14.29%
Hold
2 analysts 14.29%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

MCHP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Bank of America
Top 14%
87
Strong BuyMaintains$185.00+11.92%2021-09-17
Anonymous
Morgan Stanley
Strong BuyMaintains$190.00+14.94%2021-08-04
Susquehanna
Top 5%
96
Strong BuyMaintains$195.00+17.97%2021-08-04
Rosenblatt
Top 2%
99
Strong BuyMaintains$195.00+17.97%2021-08-04
Needham
Top 1%
100
BuyMaintains$210.00+27.04%2021-08-04
KeyBanc
Top 7%
94
Strong BuyMaintains$190.00+14.94%2021-08-04
Mizuho
Top 2%
99
HoldDowngrades$160.00-3.21%2021-07-15
Longbow Research
Top 37%
64
Strong BuyUpgrades$188.00+13.73%2021-03-23
Jefferies
Top 9%
92
Strong BuyMaintains$194.00+17.36%2021-02-05
B. Riley
Top 1%
100
Strong BuyMaintains$186.00+12.52%2021-02-05

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Forecast return on equity

Is MCHP forecast to generate an efficient return?
Company
41.7%
Industry
32.53%
Market
1,975.19%

Forecast return on assets

Is MCHP forecast to generate an efficient return on assets?
Company
14.14%
Industry
18.15%
Market
951.37%

MCHP earnings per share forecast

What is MCHP's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$7.84+337.99%
Avg 2 year Forecast
$8.40+369.27%
MCHP's earnings are forecast to grow at an exceptional rate of 71.06% per year
Forecast

MCHP revenue forecast

What is MCHP's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$6.6B+15.75%
Avg 2 year Forecast
$7.0B+22.77%
Avg 3 year Forecast
$7.1B+24.91%
MCHP's revenue is forecast to grow at a rate of 8.31% per year, which is not exceptional
Forecast

MCHP earnings growth forecast

How is MCHP forecast to perform vs Semiconductors companies and vs the US market?
Company
71.06%
Industry
23.53%
Market
18.62%
MCHP's earnings are forecast to grow faster (71.06% per year) than the US Semiconductors industry average (23.53%)
Forecast
MCHP's earnings are forecast to grow faster (71.06% per year) than the US market average (18.62%)
Forecast
MCHP's earnings are forecast to grow faster (71.06% per year) than the risk-free savings rate (1.5%)
Forecast

MCHP revenue growth forecast

How is MCHP forecast to perform vs Semiconductors companies and vs the US market?
Company
8.31%
Industry
13.13%
Market
12.37%
MCHP's revenues are forecast to grow slower (8.31% per year) than the US Semiconductors industry average (13.13%)
Forecast
MCHP's revenues are forecast to grow slower (8.31% per year) than the US market average (12.37%)
Forecast

Microchip Technology Stock Forecast FAQ

Is Microchip Technology Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 14 Wall Street analysts covering (NASDAQ: MCHP) stock is to Strong Buy MCHP stock.

Out of 14 analysts, 10 (71.43%) are recommending MCHP as a Strong Buy, 2 (14.29%) are recommending MCHP as a Buy, 2 (14.29%) are recommending MCHP as a Hold, 0 (0%) are recommending MCHP as a Sell, and 0 (0%) are recommending MCHP as a Strong Sell.

What is MCHP's earnings growth forecast for 2022-2023?

(NASDAQ: MCHP) Microchip Technology's forecast annual earnings growth rate of 71.06% is forecast to beat the US Semiconductors industry's average forecast earnings growth rate of 23.53%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 18.62%.

Microchip Technology's earnings in 2021 is $478,600,000.On average, 7 Wall Street analysts forecast MCHP's earnings for 2022 to be $2,148,474,941, with the lowest MCHP earnings forecast at $2,093,666,906, and the highest MCHP earnings forecast at $2,195,061,770.

In 2023, MCHP is forecast to generate $2,301,937,436 in earnings, with the lowest earnings forecast at $2,252,610,206 and the highest earnings forecast at $2,375,928,283.

What is MCHP's revenue growth forecast for 2022-2024?

(NASDAQ: MCHP) Microchip Technology's forecast annual revenue growth rate of 8.31% is not forecast to beat the US Semiconductors industry's average forecast revenue growth rate of 13.13%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.37%.

Microchip Technology's revenue in 2021 is $5,698,100,000.On average, 8 Wall Street analysts forecast MCHP's revenue for 2022 to be $1,807,438,250,754, with the lowest MCHP revenue forecast at $1,793,469,601,118, and the highest MCHP revenue forecast at $1,828,787,898,357. On average, 8 Wall Street analysts forecast MCHP's revenue for 2023 to be $1,917,035,958,463, with the lowest MCHP revenue forecast at $1,873,064,568,785, and the highest MCHP revenue forecast at $1,970,543,398,011.

In 2024, MCHP is forecast to generate $1,950,430,767,741 in revenue, with the lowest revenue forecast at $1,903,738,981,286 and the highest revenue forecast at $1,997,122,554,197.

What is MCHP's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: MCHP) forecast ROA is N/A, which is lower than the forecast US Semiconductors industry average of 2.2%.

What is MCHP's Price Target?

According to 13 Wall Street analysts that have issued a 1 year MCHP price target, the average MCHP price target is $186.00, with the highest MCHP stock price forecast at $210.00 and the lowest MCHP stock price forecast at $160.00.

On average, Wall Street analysts predict that Microchip Technology's share price could stay at $186.00 by Sep 17, 2022. The average Microchip Technology stock price prediction forecasts a potential downside of N/A from the current MCHP share price of $165.30.

What is MCHP's Earnings Per Share (EPS) forecast for 2022-2023?

(NASDAQ: MCHP) Microchip Technology's current Earnings Per Share (EPS) is $1.79. On average, analysts forecast that MCHP's EPS will be $7.84 for 2022, with the lowest EPS forecast at $7.64, and the highest EPS forecast at $8.01. In 2023, MCHP's EPS is forecast to hit $8.40 (min: $8.22, max: $8.67).

What is MCHP's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: MCHP) forecast ROE is N/A, which is considered weak.
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