Microchip Technology, Inc (NASDAQ:MCHP) traded at $59.03 at last check on current trade day and made an upward move of 1.71% on its previous day’s price.
Microchip Technology, Inc has a market cap of $31.84 billion and is expected to release its quarterly earnings report in July. With its Forward Dividend at 1.82 and a yield of 3.08%, the company’s investors could be anxious for the MCHP stock to gain ahead of the earnings release.
Based on estimates by 14 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Microchip Technology, Inc (MCHP) stock as a Hold, while 8 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 3.59% off its SMA20 and 19.46% from its 50-day simple moving average. The RSI (14) is pointing at 61.40 while the volatility over the past week is 2.70% and jumps to 3.93% over the past one month. The beta value is 1.47, while the average true range (ATR) is currently pointing at 2.57. The average price target for the stock over the next 12 months is $63, with the estimates having a low of $43 and a high of $90. These price ends are 27.16% and -52.46% off the today’s price level respectively, although investors could be excited at the prospect of a -6.73% if the MCHP share price touches on the median price of $63.
