Microchip Technology Stock Gains On Uplifting Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2025
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Source: Benzinga
Quarterly Performance: Microchip Technology Inc. reported a 26.8% year-over-year revenue decline to $970.5 million, surpassing analyst expectations, and achieved a book-to-bill ratio above one for the first time in nearly three years.
Future Outlook: The company anticipates adjusted EPS of 18 to 26 cents for the first quarter, with projected sales between $1.020 billion and $1.070 billion, while also announcing a quarterly dividend of 45.5 cents per share.
Analyst Views on CHPY
Wall Street analysts forecast CHPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 60.380
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Current: 60.380
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
