Susquehanna analyst Christopher Rolland maintained a Buy rating on Microchip on Tuesday, setting a price target of $185, which is approximately 24.89% above the present share price of $148.13.
Rolland expects Microchip to post earnings per share (EPS) of $0.14 for the second quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Microchip, with an average price target of $179.
The analysts price targets range from a high of $200 to a low of $165.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.35 billion and a net profit of $249.9 million. The company's market cap is $39.89 billion.
According to TipRanks.com, Susquehanna analyst Christopher Rolland is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.9% and a 73.33% success rate.
Founded in 1989, Arizona-based Microchip Technology (NASDAQ:MCHP), Inc. is a leading provider of smart, connected and secure embedded control solutions. The company's solutions serve more than 120,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets.