Microchip Technology (NASDAQ:MCHP - Get Free Report) is projected to release its Q1 2026 earnings data after the market closes on Thursday, August 7th. Analysts expect Microchip Technology to post earnings of $0.23 per share and revenue of $1.05 billion for the quarter. Microchip Technology has set its Q1 2026 guidance at 0.180-0.260 EPS.
Microchip Technology (NASDAQ:MCHP - Get Free Report) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Microchip Technology had a positive return on equity of 8.55% and a negative net margin of 0.01%. The company had revenue of $970.50 million for the quarter, compared to analyst estimates of $962.86 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm's quarterly revenue was down 26.8% compared to the same quarter last year. On average, analysts expect Microchip Technology to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Microchip Technology Stock Down 1.8%
MCHP traded down $1.23 on Friday, hitting $66.36. The company had a trading volume of 11,541,664 shares, compared to its average volume of 10,515,413. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.47 and a current ratio of 2.59. The stock has a market capitalization of $35.81 billion, a price-to-earnings ratio of -6,636.00, a P/E/G ratio of 2.03 and a beta of 1.52. The stock has a fifty day moving average price of $68.64 and a 200-day moving average price of $57.76. Microchip Technology has a 12-month low of $34.13 and a 12-month high of $82.87.
Microchip Technology Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, May 22nd. Microchip Technology's dividend payout ratio (DPR) is currently -18,200.00%.
Insiders Place Their Bets
In other news, CFO James Eric Bjornholt sold 2,015 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $55.78, for a total transaction of $112,396.70. Following the completion of the transaction, the chief financial officer directly owned 34,313 shares in the company, valued at approximately $1,913,979.14. This represents a 5.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Karlton D. Johnson sold 494 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $60.69, for a total value of $29,980.86. Following the transaction, the director owned 3,468 shares of the company's stock, valued at approximately $210,472.92. This represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.
Hedge Funds Weigh In On Microchip Technology
A hedge fund recently raised its stake in Microchip Technology stock. AQR Capital Management LLC increased its position in shares of Microchip Technology Incorporated (NASDAQ:MCHP - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,201 shares of the semiconductor company's stock after acquiring an additional 5,835 shares during the period. AQR Capital Management LLC's holdings in Microchip Technology were worth $827,000 at the end of the most recent quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on MCHP shares. Rosenblatt Securities raised their price target on Microchip Technology from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 30th. KeyCorp boosted their price target on Microchip Technology from $70.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Mizuho boosted their price target on Microchip Technology from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. The Goldman Sachs Group assumed coverage on Microchip Technology in a research report on Thursday, July 10th. They issued a "buy" rating and a $88.00 price objective for the company. Finally, Cantor Fitzgerald assumed coverage on Microchip Technology in a research report on Wednesday, June 18th. They issued a "neutral" rating and a $70.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $75.70.
Check Out Our Latest Stock Analysis on MCHP
About Microchip Technology
(
Get Free Report)
Microchip Technology Incorporated engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit mixed-signal microcontrollers; 32-bit embedded mixed-signal microprocessors; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications.
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