Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Microchip Technology Inc (NASDAQ: MCHP) weakened in the last week. MCHP's current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Microchip Technology Inc (NASDAQ: MCHP) stock enjoyed a very large increase of 5.2% on 11/10/23. The shares closed at $77.56. The stock has been strong relative to the market over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
MCHP's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Microchip Technology has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Microchip Technology has a neutral Power Rating of 50 but a poor Appreciation Score of 24, producing the Negative Value Trend Rating.