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Barchart
Barchart
Aditya Sarawgi

What Are Wall Street Analysts' Target Price for Microchip Technology Stock?

Microchip Technology MCHP Quinn Bolton

Chandler, Arizona-based Microchip Technology Incorporated (MCHP) develops, manufactures, and sells smart, connected, and secure embedded control solutions. With a market cap of $40.1 billion, the company's operations span various countries in the Americas, Europe, and Asia.

The semiconductor giant has significantly underperformed the broader market over the past year. Over the past 52 weeks, MCHP stock is down 15.1% compared to the S&P 500 Index’s ($SPX) 15.1% returns. In 2024 alone, MCHP stock dipped 20.2%, while SPX returned 9% on a YTD basis.

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