On Nov 07, major Wall Street analysts update their ratings for $Microchip Technology (MCHP.US)$, with price targets ranging from $90 to $95.
J.P. Morgan analyst Harlan Sur maintains with a buy rating, and adjusts the target price from $100 to $90.
BofA Securities analyst Vivek Arya maintains with a hold rating.
Jefferies analyst Blayne Curtis maintains with a buy rating, and adjusts the target price from $115 to $90.
Evercore analyst Mark Lipacis maintains with a buy rating, and adjusts the target price from $101 to $95.
Stifel analyst Tore Svanberg maintains with a buy rating, and adjusts the target price from $98 to $90.
Furthermore, according to the comprehensive report, the opinions of $Microchip Technology (MCHP.US)$'s main analysts recently are as follows:
Microchip's recent performance was deemed satisfactory, however, their forward guidance fell short of the general market consensus, influenced by persistent softness in the auto and industrial sectors. It's assessed that the company's shipments are trailing behind demand, suggesting the potential for a robust recovery in fundamental performance.
Microchip's shares experienced a 5% decline in aftermarket trading following the company's forecast for the December quarter, which fell short of the consensus by a significant margin both in terms of revenues and EPS. Despite this underperformance, analysts suggest that purchasing the company's shares could be advantageous, given that Microchip's shipping rates are reported to be 46% below consumption levels. This discrepancy is seen as of the end of September, and as a result, visibility into the company's operations is perceived to be at unprecedentedly low levels. Nevertheless, the company's management is believed to have offered conservative guidance and remarks, which analysts interpret as setting the stage for potential positive surprises through the year 2025.
The adjustment in the cycle is expected to extend longer due to continued inventory reductions and macroeconomic uncertainties. It is anticipated that there will be a business recovery sometime in the following year.
The firm indicated that Microchip's recent performance fell short on sales and gross margin guidance due to persistent weakness in end markets, which continues to prolong the inventory digestion period.
Here are the latest investment ratings and price targets for $Microchip Technology (MCHP.US)$ from 7 analysts:
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美東時間11月7日，多家華爾街大行更新了$微芯科技 (MCHP.US)$的評級，目標價介於90美元至95美元。
摩根大通分析師Harlan Sur維持買入評級，並將目標價從100美元下調至90美元。
美銀證券分析師Vivek Arya維持持有評級。
富瑞集團分析師Blayne Curtis維持買入評級，並將目標價從115美元下調至90美元。
Evercore分析師Mark Lipacis維持買入評級，並將目標價從101美元下調至95美元。
斯迪富分析師Tore Svanberg維持買入評級，並將目標價從98美元下調至90美元。
此外，綜合報道，$微芯科技 (MCHP.US)$近期主要分析師觀點如下：
Microchip最近的表現被認爲令人滿意，然而他們的未來指引未能達到市場共識，受到汽車和工業領域持續疲軟的影響。評估公司的出貨量滯後於需求，表明基本業績有望出現強勁復甦。
Microchip股票在公司對12月季度的預測後盤後交易中下跌了5%，這一預測遠遠低於市場共識，無論是在營收還是每股收益方面。儘管存在這種表現不佳，分析師認爲購買該公司的股票可能是有利的，因爲據報告，Microchip的出貨速度較消費水平低46%。這種差異被視爲截至9月底，因此公司營運狀況的透明度被認爲是達到了前所未有的低水平。然而，公司管理層被認爲提供了保守的指導和評論，分析師解釋稱這爲2025年潛在的積極驚喜奠定了基礎。
由於持續的庫存減少和宏觀經濟不確定性，預計週期調整將延長。預計明年將會有業務復甦。
公司表示，由於終端市場持續疲軟，導致Microchip最近的業績在銷售和毛利率指導方面表現不佳，繼續延長庫存消化期。
以下爲今日7位分析師對$微芯科技 (MCHP.US)$的最新投資評級及目標價：
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