5 Best Artificial Intelligence (AI) Stocks To Buy According to Analysts

3. Microchip Technology Incorporated (NASDAQ:MCHP)

Average Analyst Share Price Upside: 9%

Average Analyst Share Price Target: $93.36

Microchip Technology Incorporated (NASDAQ:MCHP) is a semiconductor company that sells products like signal processors for industrial and other use cases. The firm has beaten or met analyst EPS estimates in all four of its latest quarters, and the shares are rated Buy on average.

By the end of last year’s fourth quarter, 42 out of the 910 hedge funds tracked by Insider Monkey were Microchip Technology Incorporated (NASDAQ:MCHP)’s shareholders. Kerr Neilson’s Platinum Asset Management was the biggest investor as it owned $231 million worth of shares.

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