Microchip

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 16.8% Rosenblatt → $100 Reiterates Buy → Buy 01/18/2024 22.63% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 8.62% Truist Securities $97 → $93 Maintains Buy 01/09/2024 12.12% Stifel $100 → $96 Maintains Buy 01/04/2024 -6.56% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 16.8% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -6.56% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 5.12% Susquehanna $95 → $90 Maintains Positive 11/03/2023 5.12% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 5.12% Keybanc $95 → $90 Maintains Overweight 11/03/2023 -0.72% Needham $100 → $85 Maintains Buy 10/24/2023 10.96% Susquehanna $100 → $95 Maintains Positive 10/11/2023 12.12% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 16.8% Needham → $100 Reiterates Buy → Buy 08/04/2023 17.96% Morgan Stanley $97 → $101 […]

Rosenblatt analyst Hans Mosesmann reiterates Microchip Technology (NASDAQ:MCHP) with a Buy and maintains $100 price target.

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 22.66% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 8.64% Truist Securities $97 → $93 Maintains Buy 01/09/2024 12.15% Stifel $100 → $96 Maintains Buy 01/04/2024 -6.54% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 16.82% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -6.54% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 5.14% Susquehanna $95 → $90 Maintains Positive 11/03/2023 5.14% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 5.14% Keybanc $95 → $90 Maintains Overweight 11/03/2023 -0.7% Needham $100 → $85 Maintains Buy 10/24/2023 10.98% Susquehanna $100 → $95 Maintains Positive 10/11/2023 12.15% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 16.82% Needham → $100 Reiterates Buy → Buy 08/04/2023 17.99% Morgan Stanley $97 → $101 Maintains Overweight 08/04/2023 16.82% Susquehanna $105 → $100 Maintains

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 16.72% Stifel $100 → $96 Maintains Buy 01/04/2024 -2.74% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 21.58% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -2.74% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 9.42% Susquehanna $95 → $90 Maintains Positive 11/03/2023 9.42% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 9.42% Keybanc $95 → $90 Maintains Overweight 11/03/2023 3.34% Needham $100 → $85 Maintains Buy 10/24/2023 15.5% Susquehanna $100 → $95 Maintains Positive 10/11/2023 16.72% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 21.58% Needham → $100 Reiterates Buy → Buy 08/04/2023 22.8% Morgan Stanley $97 → $101 Maintains Overweight 08/04/2023 21.58% Susquehanna $105 → $100 Maintains Positive 08/04/2023 9.42% Wells Fargo $80 → $90 Maintains Equal-Weight 08/04/2023 4.56% Mizuho $89 → $86 Maintains Neutral 08/04/2023 33.74%

Stifel analyst Tore Svanberg maintains Microchip Technology (NASDAQ:MCHP) with a Buy and lowers the price target from $100 to $96.

Microchip Tech Sees 3Q Revenue Down Sequentially About 22% Vs Guidance of Down 15% to 20%。

Microchip Tech: Customers and Distributors Wanted Lower Level of Shipments to Further De-Risk Inventory Positions。

Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/04/2024 -4.76% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 19.05% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -4.76% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 7.14% Susquehanna $95 → $90 Maintains Positive 11/03/2023 7.14% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 7.14% Keybanc $95 → $90 Maintains Overweight 11/03/2023 1.19% Needham $100 → $85 Maintains Buy 10/24/2023 13.1% Susquehanna $100 → $95 Maintains Positive 10/11/2023 14.29% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 19.05% Needham → $100 Reiterates Buy → Buy 08/04/2023 20.24% Morgan Stanley $97 → $101 Maintains Overweight 08/04/2023 19.05% Susquehanna $105 → $100 Maintains Positive 08/04/2023 7.14% Wells Fargo $80 → $90 Maintains Equal-Weight 08/04/2023 2.38% Mizuho $89 → $86 Maintains Neutral 08/04/2023 30.95% Rosenblatt $125 → $110 Maintains Buy 08/03/2023 48.81%

Piper Sandler analyst Harsh Kumar downgrades Microchip Technology (NASDAQ:MCHP) from Overweight to Neutral and announces $80 price target.

Citigroup analyst Christopher Danely upgrades Microchip Technology (NASDAQ:MCHP) from Neutral to Buy and announces $100 price target.

Microchip Technology Announces Financial Results For Second Quarter of Fiscal Year 2024   — Net sales of $2.254 billion, down 1.5% sequentially and up 8.7% from the      year ago quarter. The midpoint of our guidance provided on August 3, 2023      was net sales of $2.266 billion.   — On a GAAP basis: gross profit of 67.8%; operating income of $885.0      million and 39.3% of net sales; record net income of $666.6 million; and      record EPS of $1.21 per diluted share. Our guidance provided on August 3,      2023 was for GAAP EPS of $1.18 to $1.21 per diluted share.   — On a Non-GAAP basis: gross profit of 68.1%; operating income of $1.085      billion and 48.1% of net sales; net income of $889.3 million and EPS of      $1.62 per diluted share. Our guidance provided on August 3,