S&P 500   5,123.41
DOW   37,983.24
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5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
It's almost April 15. Here's how to reduce stress and get your taxes done
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
Nearing 50 Supreme Court arguments in, lawyer Lisa Blatt keeps winning
NASDAQ:MCHP

Microchip Technology (MCHP) Stock Price, News & Analysis

$85.64
-3.64 (-4.08%)
(As of 04/12/2024 ET)
Today's Range
$85.56
$88.61
50-Day Range
$80.58
$93.34
52-Week Range
$68.75
$94.30
Volume
5.43 million shs
Average Volume
4.55 million shs
Market Capitalization
$46.28 billion
P/E Ratio
20.01
Dividend Yield
2.10%
Price Target
$91.33

Microchip Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
6.6% Upside
$91.33 Price Target
Short Interest
Bearish
4.83% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.88mentions of Microchip Technology in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$196,363 Sold Last Quarter
Proj. Earnings Growth
-41.38%
From $4.64 to $2.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.18 out of 5 stars

Computer And Technology Sector

136th out of 597 stocks

Semiconductors & Related Devices Industry

23rd out of 84 stocks

MCHP stock logo

About Microchip Technology Stock (NASDAQ:MCHP)

Microchip Technology Incorporated develops, manufactures, and sells 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 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. It also provides application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes, and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and non-volatile memory technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

MCHP Stock Price History

MCHP Stock News Headlines

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
3 Semiconductor Stocks to Buy on the Dip: March 2024
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/8 Dividend
2/22/2024
Dividend Payable
3/08/2024
Today
4/13/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
22,600
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$91.33
High Stock Price Target
$105.00
Low Stock Price Target
$77.00
Potential Upside/Downside
+6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
15 Analysts

Profitability

Net Income
$2.24 billion
Pretax Margin
34.75%

Debt

Sales & Book Value

Annual Sales
$8.44 billion
Cash Flow
$7.35 per share
Book Value
$11.89 per share

Miscellaneous

Free Float
529,214,000
Market Cap
$46.28 billion
Optionable
Optionable
Beta
1.65

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Should I Buy Microchip Technology Stock? MCHP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Microchip Technology Incorporated:

  • Microchip Technology's stock price has shown resilience, with a 1-year high of $94.30, indicating potential for growth.
  • The company offers a diverse range of products, including specialized microcontrollers for various applications, which can attract a wide customer base.
  • Microchip Technology has a strong financial standing, with a return on equity of 45.59% and a net margin of 27.59%, indicating profitability.
  • Recent quarterly earnings exceeded expectations, with $1.08 earnings per share, showcasing the company's ability to perform well in challenging market conditions.
  • Microchip Technology's focus on developing smart, connected, and secure embedded control solutions aligns with the growing demand for IoT and connected devices, presenting long-term growth opportunities.

Cons

Investors should be bearish about investing in Microchip Technology Incorporated for these reasons:

  • The semiconductor industry is highly competitive and subject to rapid technological advancements, posing a risk to Microchip Technology's market position.
  • Market volatility and economic uncertainties can impact the demand for semiconductor products, affecting Microchip Technology's revenue and profitability.
  • Dependency on global supply chains and manufacturing facilities may expose the company to supply chain disruptions and geopolitical risks.
  • Fluctuations in semiconductor prices and demand cycles can lead to revenue fluctuations for Microchip Technology, impacting investor returns.
  • Regulatory changes and compliance requirements in the semiconductor industry could increase operational costs for Microchip Technology, affecting its bottom line.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Microchip Technology pros and cons to contact@marketbeat.com.

MCHP Stock Analysis - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MCHP shares.
View MCHP analyst ratings
or view top-rated stocks.

What is Microchip Technology's stock price target for 2024?

15 brokerages have issued 1-year target prices for Microchip Technology's shares. Their MCHP share price targets range from $77.00 to $105.00. On average, they expect the company's stock price to reach $91.33 in the next twelve months. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for MCHP
or view top-rated stocks among Wall Street analysts.

How have MCHP shares performed in 2024?

Microchip Technology's stock was trading at $90.18 at the beginning of the year. Since then, MCHP stock has decreased by 5.0% and is now trading at $85.64.
View the best growth stocks for 2024 here
.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our MCHP earnings forecast
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) issued its quarterly earnings results on Thursday, February, 1st. The semiconductor company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04. The semiconductor company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.77 billion. Microchip Technology had a net margin of 27.59% and a trailing twelve-month return on equity of 45.59%. Microchip Technology's quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share.
Read the conference call transcript
.

How often does Microchip Technology pay dividends? What is the dividend yield for Microchip Technology?

Microchip Technology declared a quarterly dividend on Thursday, February 1st. Investors of record on Friday, February 23rd will be paid a dividend of $0.45 per share on Friday, March 8th. This represents a $1.80 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, February 22nd. This is a positive change from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for MCHP
.

Is Microchip Technology a good dividend stock?

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.02%. The company has been increasing its dividend for 23 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 66.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

What guidance has Microchip Technology issued on next quarter's earnings?

Microchip Technology updated its fourth quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share guidance of 0.460-0.680 for the period, compared to the consensus estimate of 0.910. The company issued revenue guidance of $1.2 billion-$1.4 billion, compared to the consensus revenue estimate of $1.7 billion.

What is Steve Sanghi's approval rating as Microchip Technology's CEO?

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.

What other stocks do shareholders of Microchip Technology own?

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).

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by a variety of retail and institutional investors. Top institutional investors include Massmutual Trust Co. FSB ADV (0.03%), M. Kraus & Co (0.02%), Czech National Bank (0.02%), Trust Co. of Toledo NA OH (0.01%), IMC Chicago LLC (0.00%) and Park Avenue Securities LLC (0.01%). 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, Steve Sanghi and Wade F Meyercord.
View institutional ownership trends
.

How do I buy shares of Microchip Technology?

Shares of MCHP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Microchip Technology have any subsidiaries?
The following companies are subsidiares of Microchip Technology: Atmel, EqcoLogic, HI-TECH Software, IDENT Technology, ISSC Technologies Corp, LegUp Computing, MBarb Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Caldicot Limited, Microchip Technology Ireland Limited, Microchip Technology LLC, Microchip Technology Malta Limited, Microsemi, Microsemi Corp. – Holding, Microsemi Corp. – Holding 2, Microsemi Corporation, Microsemi IOM Limited, Microsemi SoC Corp., Microsemi Solutions Sdn. Bhd., Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.
Read More
This page (NASDAQ:MCHP) was last updated on 4/14/2024 by MarketBeat.com Staff

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