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Microchip (NASDAQ:MCHP) target price raised to $70.00, issued a report today by Stifel

Microchip (NASDAQ:MCHP) had its target price raised to $70.00 by Stifel in a report released Wednesday November 30, 2016. The new target price indicates a possible upside of 0.06% based on the company's last stock close price.

Previously on 2/04/2016, Stifel Nicolaus reported about Microchip (NASDAQ:MCHP) raised the target price from $53.00 to $54.00. At the time, this indicated a possible upside of 0.26%.

Just yesterday Microchip (NASDAQ:MCHP) traded 0.20% higher at $66.03. MCHP’s 50-day average is $61.91 and its two hundred day average is $57.41. With the last stock price up 15.02% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 0 shares of MCHP changing hands under the typical 2,074,050

Performance Chart

Microchip (NASDAQ:MCHP)

With a total market value of $0, Microchip has price-earnings ratio of 287.09 with a one year low of $39.01 and a one year high of $66.81 .

A total of 12 equity analysts have released a ratings update on MCHP. Three equity analysts rating the company a strong buy, four equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $55.13.

Brief Synopsis About Microchip (NASDAQ:MCHP)

Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products. Its functional activities include sales, marketing, manufacturing, information technology, human resources, legal and finance. Its product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a spectrum of linear, mixed-signal, power management, thermal management, radio frequency (RF), timing, safety, security, wired connectivity and wireless connectivity devices, as well as serial electrically erasable programmable read-only memories (EEPROMs) and serial flash memories.

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