Fintel reports that on August 2, 2024, B of A Securities downgraded their outlook for Microchip Technology (LSE:0K19) from Buy to Neutral.
Analyst Price Forecast Suggests 20.53% Upside
As of July 24, 2024, the average one-year price target for Microchip Technology is 103.24 GBX/share. The forecasts range from a low of 87.63 GBX to a high of 119.05 GBX. The average price target represents an increase of 20.53% from its latest reported closing price of 85.66 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Microchip Technology is 8,913MM. The projected annual non-GAAP EPS is 6.39.
What is the Fund Sentiment?
There are 2,233 funds or institutions reporting positions in Microchip Technology. This is an decrease of 15 owner(s) or 0.67% in the last quarter. Average portfolio weight of all funds dedicated to 0K19 is 0.36%, an increase of 3.32%. Total shares owned by institutions decreased in the last three months by 1.12% to 573,112K shares.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 21,462K shares representing 4.00% ownership of the company. In its prior filing, the firm reported owning 21,406K shares , representing an increase of 0.26%. The firm decreased its portfolio allocation in 0K19 by 6.15% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,966K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 16,985K shares , representing a decrease of 0.11%. The firm decreased its portfolio allocation in 0K19 by 9.41% over the last quarter.
Aristotle Capital Management holds 14,869K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 15,148K shares , representing a decrease of 1.88%. The firm decreased its portfolio allocation in 0K19 by 7.44% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 13,619K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 13,215K shares , representing an increase of 2.96%. The firm decreased its portfolio allocation in 0K19 by 9.62% over the last quarter.
Geode Capital Management holds 13,012K shares representing 2.42% ownership of the company. In its prior filing, the firm reported owning 12,606K shares , representing an increase of 3.12%. The firm decreased its portfolio allocation in 0K19 by 9.21% over the last quarter.
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