Microchip Technology Incorporated Plummets 16.80% in Trading Volume Ranking 106th

On April 3, 2025, Microchip Technology Incorporated (MCHP) experienced a significant decline of 16.80%, with a trading volume of 12.04 billion, ranking 106th in the day's market activity.

Microchip Technology Inc. (MCHP) recently faced a sharp decline of 16.9%, primarily driven by new tariff announcements that have reverberated through the tech sector. This substantial drop has notably affected the Nasdaq-100 index, which itself experienced a 5% downturn. As the largest decliner, MCHP played a significant role in this widespread tech stock sell-off.

Wall Street analysts have provided a one-year price target for Microchip Technology Inc. (MCHP) that, on average, stands at $65.52. This estimate varies between a high of $80.00 and a low of $53.00. The average target suggests a remarkable potential upside of 60.67% from the current price of $40.78. Investors can explore a more detailed forecast on the Microchip Technology Inc (MCHP) Forecast page.

According to consensus from 24 brokerage firms, Microchip Technology Inc. (MCHP) holds an average recommendation score of 2.1, which translates to an "Outperform" status. The recommendation scale ranges from 1, denoting a Strong Buy, to 5, indicating a Sell. This favorable rating underlines confidence in MCHP as a promising investment.

GuruFocus estimates place the GF Value for Microchip Technology Inc. (MCHP) at $47.63 over the next year. This indicates a potential upside of 16.8% from its current market price of $40.78. The GF Value metric reflects GuruFocus' assessment of the stock's fair trading value, considering historical trading multiples, past business growth, and future business performance estimates.

The semiconductor company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.15.