Mizuho lowered the firm’s price target on Microchip (MCHP) to $72 from $85 and keeps an Outperform rating on the shares as part of a 2025 semiconductors and automotive technologies outlook. The firm is optimistic for the PHLX Semiconductor Sector (SOX) in 2025 after gaining 19% in 2024. Mizuho sees continued strength in artificial intelligence, custom silicon, and connectivity. It also sees AI benefiting memory and storage. The analyst also sees challenges in 2025 with autos impacting analog. Mizuho’s top picks for 2025 are ARM (ARM), Broadcom (AVGO), Credo Technology (CRDO), Dell (DELL), Micron (MU), Nvidia (NVDA), and Western Digital (WDC).
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MCHP:
- Unusually active option classes on open December 24th
- USTR initiates Section 301 investigation on China’s semiconductor ‘targeting’
- Microchip call volume above normal and directionally bullish
- Early notable gainers among liquid option names on December 23rd
- Nvidia’s AI business colliding with U.S.-Chinese tensions, NY Times reports