Analysts Offer Insights on Technology Companies: Microchip (MCHP), F5 Networks (FFIV) and Trimble (TRMB)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Microchip (MCHP – Research Report), F5 Networks (FFIV – Research Report) and Trimble (TRMB – Research Report).

Microchip (MCHP)

In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Microchip, with a price target of $96.00. The company’s shares closed last Monday at $87.23.

According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 16.9% and a 64.0% success rate. Svanberg covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Silicon Laboratories.

Microchip has an analyst consensus of Moderate Buy, with a price target consensus of $93.44, a 7.5% upside from current levels. In a report issued on January 17, Wolfe Research also upgraded the stock to Buy with a $105.00 price target.

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F5 Networks (FFIV)

Piper Sandler analyst James Fish maintained a Hold rating on F5 Networks today and set a price target of $187.00. The company’s shares closed last Monday at $185.37, close to its 52-week high of $185.92.

According to TipRanks.com, Fish is a 5-star analyst with an average return of 12.3% and a 62.5% success rate. Fish covers the Technology sector, focusing on stocks such as Zoom Video Communications, DigitalOcean Holdings, and CommVault Systems.

F5 Networks has an analyst consensus of Hold, with a price target consensus of $193.22, which is a 5.1% upside from current levels. In a report released today, Evercore ISI also maintained a Hold rating on the stock with a $200.00 price target.

Trimble (TRMB)

In a report released today, Clarke Jeffries from Piper Sandler maintained a Hold rating on Trimble, with a price target of $51.00. The company’s shares closed last Monday at $51.58.

According to TipRanks.com, Jeffries is a 3-star analyst with an average return of 4.3% and a 52.7% success rate. Jeffries covers the Technology sector, focusing on stocks such as Aspen Technology, Inc., BigCommerce Holdings, and Tyler Technologies.

Currently, the analyst consensus on Trimble is a Moderate Buy with an average price target of $56.20.

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Read More on MCHP:

• MCHP Upcoming Earnings Report: What to Expect?
• Microchip releases PIC16F13145 family of microcontrollers
• The Next Evolutionary Step in Customizable Logic, Microchip Releases PIC16F13145 Family of MCUs
• Texas Instruments down about 4% after Q4 results, below-consensus guidance
• Microchip price target raised to $105 from $90 at Susquehanna