13 Analysts Assess Microchip Technology: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have shown a negative shift in sentiment towards Microchip Technology (NASDAQ:MCHP), with a decrease in the average price target by 5.33%. The company's financials reveal challenges, including a significant decline in revenue growth and below-average profitability metrics.

September 23, 2024 | 9:01 pm
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Microchip Technology faces a negative shift in analyst sentiment, with a 5.33% decrease in average price target. Financial challenges include a -45.76% decline in revenue growth, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio.
The decrease in average price target by 5.33% indicates a negative shift in analyst sentiment. The company's financials show significant challenges, including a -45.76% decline in revenue growth, below-average profitability metrics, and a high debt-to-equity ratio, which are likely to impact the stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100