On Nov 06, major Wall Street analysts update their ratings for $Microchip Technology (MCHP.US)$, with price targets ranging from $82 to $101.
J.P. Morgan analyst Harlan Sur maintains with a buy rating, and adjusts the target price from $100 to $90.
Citi analyst Christopher Danely maintains with a buy rating, and adjusts the target price from $92 to $82.
Evercore analyst Mark Lipacis maintains with a buy rating, and maintains the target price at $101.
Mizuho Securities analyst Vijay Rakesh maintains with a buy rating.
Needham analyst Quinn Bolton maintains with a buy rating, and adjusts the target price from $96 to $85.
Furthermore, according to the comprehensive report, the opinions of $Microchip Technology (MCHP.US)$'s main analysts recently are as follows:
Microchip's recent financial outcomes were deemed satisfactory, yet future projections fell short of the general market expectations due to ongoing softness in the automotive and industrial sectors. It is believed that the company is currently distributing products at a rate that is below market demand, which could lead to a significant improvement in fundamentals.
Analysts observed a shortfall in sales and gross margin guidance as ongoing weakness in end markets prolongs the period of adjustment.
Here are the latest investment ratings and price targets for $Microchip Technology (MCHP.US)$ from 10 analysts:
Note:
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