Needham analyst Quinn Bolton maintains $Microchip Technology (MCHP.US)$ with a buy rating, and maintains the target price at $85.
According to TipRanks data, the analyst has a success rate of 55.3% and a total average return of 17.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Microchip Technology (MCHP.US)$'s main analysts recently are as follows:
Microchip's updated outlook for fiscal Q3 indicates revenue may align closely with the lower end of their initial guidance, with expectations set around $1.025B due to a reduction in turns orders. Interim CEO Steve Sanghi's commitment to maintaining his role as long as needed is seen as a strong point for the company's leadership stability.
The company has issued a negative preannouncement, indicating that its Q3 revenue is expected to be at the lower range of its previous forecast, around $1.02 billion versus the earlier $1.06 billion, primarily due to weaker than expected turns orders.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
Needham分析师Quinn Bolton维持$微芯科技 (MCHP.US)$买入评级，维持目标价85美元。
根据TipRanks数据显示，该分析师近一年总胜率为55.3%，总平均回报率为17.4%。
此外，综合报道，$微芯科技 (MCHP.US)$近期主要分析师观点如下：
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TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。
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总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。
