Microchip Technology Inc. (NASDAQ:MCHP) rose 2.78% during previous trade. BofA/Merrill issued rating on the stock of Microchip Technology Inc. (NASDAQ:MCHP) in a research note issued to investors on Nov-8-16, the stock received “Upgrade” rating from Neutral to Buy. Additionally Needham issued their verdict on the stock of the company, on record date of Nov-08-16 the stock was “Reiterated” as Buy from $70 to $75 besides that on Nov-4-16 Microchip Technology Inc. (NASDAQ:MCHP) was “Upgraded” by Goldman from Sell to Neutral. Furthermore on Sep-30-16 the stock was “Initiated” by Mizuho as Neutral at $67.

Microchip Technology Inc. (NASDAQ:MCHP) shares ended last trading session at the price of $63.96 whereas a number of traders indicating mean target price will hit $64.43 over the next twelve months, mean value of price target most recently revised on 10/31/16. Microchip Technology Inc. (NASDAQ:MCHP)’s highest estimates of price target are $74 and low forecast is $53 based on the opinion of 14 analysts. The price target estimates represents a standard deviation of 7.38. However brokerage recommendations suggests an ABR of 2.00 based on calls of 11 experts, where 5 brokers polls the stock a Strong Buy, 1 suggest the stock a Buy, 5 suggest Hold, 0 are rating the stock as Sell while 0 as Strong Sell.

Microchip Technology Inc. (NASDAQ:MCHP) is expected to release the earnings of its current quarter on 2/1/17. The company is expected to release $0.87 EPS for current quarter according to 13 analysts whereas the company reported $0.66 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.77 and high estimate of $0.89. For the current year Microchip Technology Inc. (NASDAQ:MCHP) has set to release EPS of $3.42 as per the sentiments of 15 analysts, however according to 15 analysts, the company expected to release $3.83 EPS for next year.

Microchip Technology Inc. (NASDAQ:MCHP)’s average revenue estimates for the current quarter are $861.33M according to 12 number of analysts. However its lowest revenue estimates are $860M and highest revenue estimates are $864,65M. A year ago the company’s sales were $559.43M. Its yearly sales growth estimates are 54%. For the next quarter the company has anticipated average revenues of $845.19M, according to the sentiments of 12 analysts. For the current year the company has fixed $3.4B revenues, as per the opinion of 16 analysts. For the current year the company has low revenue estimates of $3.36B in contradiction of high revenue estimates of $3.45B. Whereas for the next year revenues are set at $3.53B by 16 analysts.

The stock exchanged hands 5.09M shares versus average trading capacity of 1.79M shares, while its shares’ total market worth is $14.23B along with 215.03M outstanding shares. However the company observed 52 week high price on 11/08/16 and witnessed 52 week low price on 02/11/16. The company’s price sits 5.45% above from its 50-day moving average of $60.58 and 22.10% far from the stock’s 200-day moving average which is $55.73. Microchip Technology Inc. (NASDAQ:MCHP)’s price to sales ratio for trailing twelve month stands at 5.67, whereas its price to book ratio for most recent quarter sits at 5.41. However the company’s price to cash per share for most recent quarter stands at 22.97. Its price to free cash flow for trailing twelve months is 33.87.