Microchip Technology (MCHP) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 8 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MCHP shares.
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17 Wall Street analysts have issued 1 year target prices for Microchip Technology's stock. Their MCHP share price forecasts range from $80.00 to $110.00. On average, they predict the company's stock price to reach $97.29 in the next year. This suggests a possible upside of 26.2% from the stock's current price.
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Microchip Technology's stock was trading at $70.25 at the beginning of the year. Since then, MCHP stock has increased by 9.7% and is now trading at $77.08.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MCHP earnings forecast.

Microchip Technology Incorporated (NASDAQ:MCHP) posted its earnings results on Thursday, August, 3rd. The semiconductor company reported $1.64 earnings per share for the quarter, meeting the consensus estimate of $1.64. The semiconductor company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.29 billion. Microchip Technology had a trailing twelve-month return on equity of 51.51% and a net margin of 27.35%. The business's revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 EPS.
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Microchip Technology announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.41 per share on Tuesday, September 5th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Monday, August 21st. This is a boost from the stock's previous quarterly dividend of $0.38.
Read our dividend analysis for MCHP.

ETFs with the largest weight of Microchip Technology (NASDAQ:MCHP) stock in their portfolio include Columbia Seligman Semiconductor and Technology ETF (SEMI), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), WBI BullBear Value 3000 ETF (WBIF), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), WBI BullBear Quality 3000 ETF (WBIL), Invesco PHLX Semiconductor ETF (SOXQ) and Adaptive Core ETF (RULE).

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.64 per share and currently has a dividend yield of 2.13%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 27.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

Microchip Technology updated its second quarter earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $1.60-$1.64 for the period, compared to the consensus earnings per share estimate of $1.63. The company issued revenue guidance of $2.22-$2.312, compared to the consensus revenue estimate of $2.28 billion.

534 employees have rated Microchip Technology Chief Executive Officer Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Microchip Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), Applied Materials (AMAT), Lam Research (LRCX) and Broadcom (AVGO).

Microchip Technology trades on the NASDAQ under the ticker symbol "MCHP."

Microchip Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (116.82%), Aristotle Capital Management LLC (3.00%), Geode Capital Management LLC (2.21%), Principal Financial Group Inc. (1.69%), Boston Partners (1.61%) and Northern Trust Corp (1.37%). Insiders that own company stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Karlton D Johnson, Karlton D Johnson, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord.
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Shares of MCHP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCHP stock can currently be purchased for approximately $77.08.

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $41.96 billion and generates $8.44 billion in revenue each year. The semiconductor company earns $2.24 billion in net income (profit) each year or $4.32 on an earnings per share basis.

The company employs 22,600 workers across the globe.

Microchip Technology's mailing address is 2355 W CHANDLER BLVD, CHANDLER AZ, 85224. The official website for the company is www.microchip.com. The semiconductor company can be reached via phone at (480) 792-7200, via email at ir@microchip.com, or via fax at 480-899-9210.