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:
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.
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最近的表現被認爲是令人滿意的，然而，由於汽車和工業領域持續疲軟的影響，公司的未來指引卻未達到市場的共識。據評估，公司的出貨量落後於需求，表明基本業績有望出現強勁復甦。
Microchip的股票在公司對12月季度的預測後盤後交易中經歷了5%的下跌，這一預測在營收和每股收益方面顯著不及市場共識。儘管表現不佳，分析師建議購買該公司的股票可能具有優勢，因爲據報道，Microchip的出貨速度據稱比消費水平低46%。據稱這一差異截至9月底，結果是公司運營的可見度被認爲達到了前所未有的低水平。然而，該公司的管理層被認爲提供了保守的指引和言論，分析師解釋這爲2025年潛在的積極收益奠定了基礎。
由於持續減少庫存和宏觀經濟不確定性，預計週期調整將延長更長時間。預計下一年將出現業務復甦。
公司表示，由於最終市場持續疲軟，Microchip最近的表現在銷售和毛利率指引方面不及預期，這繼續延長了庫存消化期。
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：
提示:
TipRanks為獨立第三方，提供金融分析師的分析數據，並計算分析師推薦的平均回報率和勝率。提供的信息並非投資建議，僅供参考。本文不對評級數據和報告的完整性與準確性做出認可、聲明或保證。
TipRanks提供每位分析師的星級，分析師星級代表分析師所有推薦的過往表現，通過分析師的總勝率和平均回報率综合計算得出，星星越多，則該分析師過往表現越優異，最高爲5颗星。
分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
