Microchip Technology (MCHP) Stock Price, News & Analysis

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 7 hold ratings, 9 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 research analysts have issued twelve-month target prices for Microchip Technology's stock. Their MCHP share price targets range from $80.00 to $110.00. On average, they expect the company's stock price to reach $94.13 in the next twelve months. This suggests a possible upside of 9.0% from the stock's current price.
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Microchip Technology's stock was trading at $70.25 at the start of the year. Since then, MCHP stock has increased by 22.9% and is now trading at $86.34.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our MCHP earnings forecast.

Microchip Technology Incorporated (NASDAQ:MCHP) announced its earnings results on Thursday, November, 2nd. The semiconductor company reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.55 by $0.01. The semiconductor company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.26 billion. Microchip Technology had a net margin of 28.14% and a trailing twelve-month return on equity of 50.90%.

Microchip Technology declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.439 per share on Wednesday, December 6th. This represents a $1.76 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, November 21st. This is an increase from the stock's previous quarterly dividend of $0.41.
Read our dividend analysis for MCHP.

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.75 per share and currently has a dividend yield of 2.10%. The company has been increasing its dividend for 22 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 38.29% next year. This indicates that the company will be able to sustain or increase its dividend.
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 updated its third quarter earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $1.09-1.17 for the period, compared to the consensus earnings per share estimate of $1.44. The company issued revenue guidance of $1.803-1.916 billion, compared to the consensus revenue estimate of $2.11 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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Aristotle Capital Management LLC (2.92%), Ameriprise Financial Inc. (2.34%), FMR LLC (2.26%), Principal Financial Group Inc. (1.69%), Northern Trust Corp (1.39%) and Boston Partners (1.36%). 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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