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Mizuho disclosed Microchip Technology Inc. (NASDAQ:MCHP), hiking its price target to $67.00 earlier today

Having a price of $61.97, Microchip Technology Inc. (NASDAQ:MCHP) traded 0.27% higher on the day. With the last close up 16.17% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. MCHP has recorded a 50-day average of $61.01 and a two hundred day average of $53.49. Trade Volume was up over the average, with 2,632,626 shares of MCHP changing hands over the typical 2,192,240

Reporting a potential upside of 0.08%, Mizuho upped the price target of Microchip Technology Inc. (NASDAQ:MCHP) to $67.00

On Tuesday August 09, 2016, Needham released a statement on Microchip Technology Inc. (NASDAQ:MCHP) upped the target price from $60.00 to $70.00 that suggested an upside of 0.24%.

Recent Performance Chart

Microchip Technology Inc. (NASDAQ:MCHP)

Microchip Technology Inc. has PE ratio of 167.49 with a one year low of $39.01 and a one year high of $63.11 and has a market capitalization of $0.

A total of 12 analysts have released a report on Microchip Technology Inc.. Three analysts rating the company a strong buy, four analysts rating the company a buy, four analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $55.13.

General Company Details For Microchip Technology Inc. (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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