Microchip Technology Incorporated (NASDAQ:MCHP) has received a “Moderate Buy” consensus recommendation from twenty-six brokerages, with an average 12-month price target of $86.00. Institutional ownership is high at 91.51%, reflecting strong conviction despite recent insider selling totaling $9.64 million. The company recently reported Q4 revenue of $1.19 billion and EPS of $0.44, beating consensus estimates, and declared a quarterly dividend of $0.455 per share.
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Microchip Technology Incorporated (NASDAQ:MCHP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages
Microchip Technology Incorporated (NASDAQ:MCHP) has received a “Moderate Buy” consensus recommendation from twenty-six brokerages, with an average 12-month price target of $86.00. Institutional ownership is high at 91.51%, reflecting strong conviction despite recent insider selling totaling $9.64 million. The company recently reported Q4 revenue of $1.19 billion and EPS of $0.44, beating consensus estimates, and declared a quarterly dividend of $0.455 per share.