MCHP Microchip Technology (NASDAQ:MCHP) Target Raised by KeyCorp to $105.00
Microchip Technology stock has undergone multiple analysts rating changes in the recent past. Microchip Technology stock Target Raised by KeyCorp on 6/3/2020. In a note to investors, the firm issued a new target price of $105.00. The analysts previously had $100.00 target price.
Shares of Microchip Technology traded up $11.95 on Wednesday, reaching $108.79. 8725021 shares of the stock traded hands, compared to its average volume of 3183476. Shares of MCHP Microchip Technology at close of the day were at $108.79 on Wednesday. The firm’s 50 day moving average is $$82.61 and its 200 day moving average is $92.11.Microchip Technology has a 12 month low of $102.80 and a 12 month high of $112.47. While on yearly highs and lows, Microchip Technology today has traded high as $109.79 and has touched $102.80 on the downward trend.
Microchip Technology Earnings and What to expect:
Microchip Technology last posted its earnings results on May 7th, 2020. The semiconductor company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.32 billion. Its revenue for the quarter was down .2% on a year-over-year basis. Microchip Technology has generated $5.18 earnings per share over the last year and currently has a price-to-earnings ratio of 48.7. Microchip Technology has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 4th, 2020 based off prior year’s report dates.
Earnings for Microchip Technology are expected to grow by 17.20% in the coming year, from $5.00 to $5.86 per share. The P/E ratio of Microchip Technology is 49.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.08. The P/E ratio of Microchip Technology is 49.00, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.53. Microchip Technology has a PEG Ratio of 1.32. PEG Ratios above 1 indicate that a company could be overvalued. Microchip Technology has a P/B Ratio of 4.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Latest Insiders Trading and Volume :
- Insider Ownership Percentage: 2.21%
- On 5/28/2020 Director Wade F Meyercord Sell 2,500 at average share price of $96.90 which equates to $242,250.00 in money value.
- On 5/22/2020 CFO James Eric Bjornholt Sell 2,756 at average price of $86.92 with total value of :
- On 5/22/2020 VP Richard J Simoncic Sell 3,958 at average price of $86.92 with total value of : $344,029.36
- See More Analyst Rating at: RATING
Recent ratings from brokers:
- 6/3/2020 – Microchip Technology had its price target raised by analysts at SunTrust Banks, Inc. from $94.00 to $117.00. They now have a “buy” rating on the stock.
- 6/3/2020 – Microchip Technology had its price target raised by analysts at Jefferies Financial Group Inc from $101.00 to $120.00. They now have a “buy” rating on the stock.
- 6/3/2020 – Microchip Technology had its price target raised by analysts at Raymond James from $100.00 to $115.00. They now have a “strong-buy” rating on the stock.
- 6/3/2020 – Microchip Technology had its price target raised by analysts at Needham & Company LLC from $100.00 to $130.00. They now have a “buy” rating on the stock.
- See More Analyst Rating at: RATING
Other rating updates by KeyCorp:
- 6/2/2020 – Pool had its price target raised by analysts at KeyCorp from $250.00 to $300.00. They now have an “overweight” rating on the stock.
- 6/2/2020 – Shopify had its price target raised by analysts at KeyCorp from $775.00 to $805.00. They now have an “overweight” rating on the stock.
- 6/2/2020 – Zynga had its price target raised by analysts at KeyCorp from $9.00 to $11.00. They now have an “overweight” rating on the stock.
- 6/1/2020 – RingCentral is now covered by analysts at KeyCorp. They set an “overweight” rating and a $315.00 price target on the stock.
- See More Analyst Rating at: RATING
Microchip Technology (NASDAQ:MCHP) Moving Average Technical Analysis
5 day Moving Average is $$98.56 And 5 day price change is $12.04 (12.44%) with average volume for 5 day average is 5,530,383. While technical analysis for average 20 days shows significant difference, 20 day moving average is $90.69 and 20 day price change is $25.32 (30.33%) and average 20 day moving volume is 3,722,386. 50 day moving average is $82.61 and 50 day price change is $43.28 ( 66.07%) and with average volume for 50 days is : 3,765,326. 200 day moving average is $92.11 and 200 day price change is $20.41 (23.09%) and with average volume for 200 days is : 3,049,440.
See More Analyst Rating at: RATING
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