About Microchip Technology Incorporated
Microchip Technology Incorporated is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. The Company operates through two segments: semiconductor products and technology licensing. In the semiconductor products segment, the Company designs, develops, manufactures and markets microcontrollers, development tools and analog, interface, mixed signal and timing products. Its functional activities include sales, marketing, manufacturing, information technology, human resources, legal and finance. Its product portfolio comprises general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers, a spectrum of linear, mixed-signal, power management, thermal management, radio frequency (RF), timing, safety, security, wired connectivity and wireless connectivity devices, as well as serial electrically erasable programmable read-only memories (EEPROMs) and serial flash memories.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductor - Specialized
- Sub-Industry: Semiconductors
- Exchange: NASDAQ
- Symbol: MCHP
- CUSIP: 59501710
- Previous Close: $72.71
- 50 Day Moving Average: $68.57
- 200 Day Moving Average: $63.74
- 52-Week Range: $43.08 - $76.50
- Trailing P/E Ratio: 176.91
- Foreward P/E Ratio: 16.19
- P/E Growth: 0.84
- Market Cap: $15.74B
- Outstanding Shares: 216,432,000
- Beta: 1.08
- Net Margins: 3.10%
- Return on Equity: 30.26%
- Return on Assets: 10.89%
Companies Related to Microchip Technology Incorporated:
- Debt-to-Equity Ratio: 1.22%
- Current Ratio: 2.57%
- Quick Ratio: 1.93%
What is Microchip Technology Incorporated's stock symbol?
Microchip Technology Incorporated trades on the NASDAQ under the ticker symbol "MCHP."
How often does Microchip Technology Incorporated pay dividends? What is the dividend yield for Microchip Technology Incorporated?
Microchip Technology Incorporated announced a quarterly dividend on Tuesday, February 7th. Investors of record on Tuesday, February 21st will be paid a dividend of $0.361 per share on Tuesday, March 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, February 16th. This is a boost from Microchip Technology Incorporated's previous quarterly dividend of $0.36.
Where is Microchip Technology Incorporated's stock going? Where will Microchip Technology Incorporated's stock price be in 2017?
15 analysts have issued 12 month target prices for Microchip Technology Incorporated's shares. Their forecasts range from $54.00 to $100.00. On average, they anticipate Microchip Technology Incorporated's stock price to reach $75.86 in the next twelve months.
When will Microchip Technology Incorporated announce their earnings?
Microchip Technology Incorporated is scheduled to release their next quarterly earnings announcement on Tuesday, May, 2nd 2017.
What are analysts saying about Microchip Technology Incorporated stock?
Here are some recent quotes from research analysts about Microchip Technology Incorporated stock:
According to Zacks Investment Research, "Microchip is one of the better-positioned companies in the semiconductor industry based on its product strength. The company's expanding product portfolio enables it to continuously outperform the broader industry. We believe that the company's impressive third-quarter fiscal 2017 results and positive outlook will help it sustain momentum going ahead. Moreover, acquisitions like that of Atmel are likely to expand its geographical presence, augment customer base, extend product portfolio and supplement operational excellence. We note that the company has outperformed the broader industry in the past one-year. However, high integration costs continue to be a drag on profitability. The semiconductor industry is also intensely competitive and is characterized by price erosion and rapid technological change." (2/10/2017)
- Needham & Company LLC analysts commented, "We are upgrading MCHP to a Strong Buy and establishing a $100 PT. When we upgraded MCHP to Buy on 1/14/16 (stock is up 81% vs SOX of 48% over same period), we were constructive on mgmt's ability to integrate Atmel and generate synergies. Throughout the year, MCHP has significantly increased its accretion targets to $0.90 vs $0.70 in FY18 and $1.00 vs $0.90 in FY19. Moreover, MCHP has raised its LT model to 60% GM, 24% OPEX and 36% OM. As such, we are modeling $5 of Non-GAAP EPS and FCF margin of ~30%. We believe MCHP deserves at least P/E 20x = $100 PT. From a strategic perspective, MCHP has gained market share in 8-Bit and 32-Bit MCUs, the attach rates of analog to MCUs has grown substantially and MCHP is well-positioned in IoT, Automotive, and Industrial. Analog specifically is on track to generate $1B in sales." (2/8/2017)
Morgan Stanley analysts commented, "We are also encouraged by leaner channel inventory coupled with renewed order momentum." (5/5/2016)
Who owns Microchip Technology Incorporated stock?
Microchip Technology Incorporated's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Janus Capital Management LLC (2.99%), Barrow Hanley Mewhinney & Strauss LLC (1.81%), Edge Asset Management Inc. (1.36%), Coho Partners Ltd. (0.84%), Alkeon Capital Management LLC (0.62%) and Guggenheim Capital LLC (0.48%). Company insiders that own Microchip Technology Incorporated stock include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord.
Who sold Microchip Technology Incorporated stock? Who is selling Microchip Technology Incorporated stock?
Microchip Technology Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Edge Asset Management Inc., Barrow Hanley Mewhinney & Strauss LLC, Brown Advisory Inc., I.G. Investment Management LTD., Nicholas Co. Inc. WI, Van ECK Associates Corp, Employees Retirement System of Texas and TCW Group Inc.. Company insiders that have sold Microchip Technology Incorporated stock in the last year include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord.
Who bought Microchip Technology Incorporated stock? Who is buying Microchip Technology Incorporated stock?
Microchip Technology Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Janus Capital Management LLC, Asset Management One Co. Ltd., Guggenheim Capital LLC, Castleark Management LLC, RidgeWorth Capital Management LLC, Massmutual Trust Co. FSB ADV, Two Sigma Investments LP and Cavalry Management Group LLC.
How do I buy Microchip Technology Incorporated stock?
Shares of Microchip Technology Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Microchip Technology Incorporated stock cost?
One share of Microchip Technology Incorporated stock can currently be purchased for approximately $72.71.