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Microchip Technology (MCHP) Stock Price, News & Analysis

$89.42
+3.34 (+3.88%)
(As of 01:52 PM ET)
Compare
Today's Range
$86.92
▼
$89.43
50-Day Range
$70.66
▼
$86.08
52-Week Range
$67.69
▼
$94.30
Volume
2.48 million shs
Average Volume
4.78 million shs
Market Capitalization
$48.38 billion
P/E Ratio
19.65
Dividend Yield
1.96%
Price Target
$94.13
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Microchip Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
5.6% Upside
$94.13 Price Target
Short Interest
Bearish
3.42% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
1.22mentions of Microchip Technology in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$193,915 Sold Last Quarter
Proj. Earnings Growth
-10.92%
From $5.13 to $4.57 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Computer And Technology Sector

169th out of 584 stocks

Semiconductors & Related Devices Industry

30th out of 83 stocks

See Top Rated MarketRank™ Stocks Here

MCHP stock logo

About Microchip Technology Stock (NASDAQ:MCHP)

Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment is involved in designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one-time programmable technologies. The company was founded on February 14, 1989, and is headquartered in Chandler, AZ.

MCHP Stock Price History

MCHP Stock News Headlines

December 9, 2023 | finance.yahoo.com
Microchip Technology (MCHP) Increases Yet Falls Behind Market: What Investors Need to Know
December 7, 2023 | finance.yahoo.com
When Should You Buy Microchip Technology Incorporated (NASDAQ:MCHP)?
December 11, 2023 | Financial Alphas (Ad)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
December 6, 2023 | finance.yahoo.com
Automate Installation Process with Press-Fit Terminal Power Modules for a Solder-Free Solution in High-Volume Manufacturing
December 6, 2023 | americanbankingnews.com
Analyzing Ambarella (NASDAQ:AMBA) & Microchip Technology (NASDAQ:MCHP)
December 1, 2023 | seekingalpha.com
Microchip Technology: Not The Time To Turn Bullish Yet
November 30, 2023 | finance.yahoo.com
Microchip Stock, A 'Steady Eddie' For Profits, Gets Upgrade
November 27, 2023 | finance.yahoo.com
Microchip Unveils New Standard of Enhanced Code Security With The PIC18-Q24 Family of MCUs
December 11, 2023 | Financial Alphas (Ad)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
November 20, 2023 | finance.yahoo.com
Microchip Technology Inc's Dividend Analysis
November 16, 2023 | finance.yahoo.com
Microchip (MCHP) Elevates Auto Security with TrustAnchor IC
November 16, 2023 | finance.yahoo.com
There's A Lot To Like About Microchip Technology's (NASDAQ:MCHP) Upcoming US$0.44 Dividend
November 15, 2023 | finance.yahoo.com
To Meet And Exceed Heightened Automotive Secure Authentication Requirements, Microchip Releases Its Latest TrustAnchor Security IC
November 14, 2023 | finance.yahoo.com
Microchip Expands Development Ecosystem With MPLAB® XC-DSC Compiler With Flexible Licensing Options
November 11, 2023 | finance.yahoo.com
1 Top Dividend Chip Stock Down 20% From All-Time Highs -- Time to Buy?
November 9, 2023 | finance.yahoo.com
Is Microchip Technology (MCHP) a Smart Long-Term Buy?
November 9, 2023 | finance.yahoo.com
Microchip Technology (NASDAQ:MCHP) Has Announced That It Will Be Increasing Its Dividend To $0.439
November 8, 2023 | msn.com
Citi upgrades Microchip Technology to Buy, cuts NXP Semiconductors
November 7, 2023 | finance.yahoo.com
Microchip's (MCHP) Microcontroller Sales Lag Estimates in Q2
November 5, 2023 | finance.yahoo.com
Is Weakness In Microchip Technology Incorporated (NASDAQ:MCHP) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?
November 4, 2023 | finance.yahoo.com
Microchip Technology Incorporated (NASDAQ:MCHP) Q2 2024 Earnings Call Transcript
November 3, 2023 | markets.businessinsider.com
Analysts Conflicted on These Technology Names: Sportradar Group AG (SRAD), Microchip (MCHP) and GoDaddy (GDDY)
November 3, 2023 | markets.businessinsider.com
Analysts Offer Insights on Technology Companies: Microchip (MCHP), DraftKings (DKNG) and Qualys (QLYS)
November 3, 2023 | markets.businessinsider.com
Analysts’ Opinions Are Mixed on These Technology Stocks: Cloudflare (NET) and Microchip (MCHP)
November 3, 2023 | msn.com
AMD, Microchip, Monolithic power chip stocks higher to end week
November 3, 2023 | nasdaq.com
Microchip (MCHP) Q2 Earnings Meet Estimates, Sales Rise Y/Y
November 3, 2023 | finanznachrichten.de
Microchip Technology Inc.: Microchip Technology Increases Quarterly Cash Dividend 33.8% Year-Over-Year to 43.9 Cents Per Share
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Ex-Dividend for 12/6 Dividend
11/21/2023
Dividend Payable
12/06/2023
Today
12/11/2023
Next Earnings (Estimated)
2/01/2024
Fiscal Year End
3/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Sector
Computer and Technology
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
CIK
827054
Web
www.microchip.com
Phone
(480) 792-7200
Fax
480-899-9210
Employees
22,600
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$94.13
High Stock Price Target
$110.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+5.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
17 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$4.55
Trailing P/E Ratio
19.63
Forward P/E Ratio
17.41
P/E Growth
1.39
Net Income
$2.24 billion
Net Margins
28.14%
Pretax Margin
36.29%
Return on Equity
50.90%
Return on Assets
20.67%

Debt

Debt-to-Equity Ratio
0.63
Current Ratio
1.03
Quick Ratio
0.64

Sales & Book Value

Annual Sales
$8.94 billion
Price / Sales
5.40
Cash Flow
$7.97 per share
Price / Cash Flow
11.20
Book Value
$11.89 per share
Price / Book
7.51

Miscellaneous

Outstanding Shares
541,045,000
Free Float
529,845,000
Market Cap
$48.32 billion
Optionable
Optionable
Beta
1.61

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Microchip Technology was last updated on Sunday, December 3, 2023 at 5:13 PM.

Pros

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

  • Strong market presence: Microchip Technology Incorporated is a well-established company with a strong market presence in the Americas, Europe, and Asia. This provides stability and potential for growth.
  • Diverse product portfolio: The company offers a diverse range of smart, connected, and secure embedded control solutions, including microcontrollers, microprocessors, and specialized controllers for various applications. This diversification reduces risk and allows for potential revenue streams from multiple sectors.
  • Focus on emerging technologies: Microchip Technology Incorporated focuses on emerging technologies such as automotive, industrial, computing, communications, and wireless connectivity. This positions the company to benefit from the growth potential of these sectors.
  • Strong financial performance: The company has demonstrated strong financial performance, with consistent revenue growth and profitability. This indicates a well-managed and financially stable company.
  • Competitive advantage: Microchip Technology Incorporated has a competitive advantage in the market due to its expertise in embedded control solutions and its ability to provide innovative and reliable products. This positions the company well for long-term success.

Cons

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

  • Market volatility: The semiconductor industry, in which Microchip Technology operates, can be subject to market volatility. Fluctuations in demand, competition, and technological advancements can impact the company's performance.
  • Dependency on global economy: Microchip Technology's performance is closely tied to the global economy. Economic downturns or geopolitical events can affect demand for its products and impact the company's financial results.
  • Regulatory risks: The company operates in multiple regions and is subject to various regulations and compliance requirements. Changes in regulations or non-compliance can result in financial penalties or disruptions to business operations.
  • Competition: The semiconductor industry is highly competitive, with numerous players vying for market share. Microchip Technology faces competition from both established companies and emerging startups, which could impact its market position and profitability.
  • Supply chain risks: The company relies on a complex global supply chain for sourcing components and manufacturing its products. Disruptions in the supply chain, such as natural disasters or geopolitical events, can impact production and delivery timelines.














MCHP Stock Analysis - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 7 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

17 Wall Street analysts have issued 1 year price targets for Microchip Technology's shares. Their MCHP share price targets range from $80.00 to $110.00. On average, they anticipate the company's share price to reach $94.13 in the next year. This suggests a possible upside of 5.6% 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 2023?

Microchip Technology's stock was trading at $70.25 at the beginning of the year. Since then, MCHP shares have increased by 26.9% and is now trading at $89.14.
View the best growth stocks for 2023 here.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our MCHP earnings forecast.

How were Microchip Technology's earnings last quarter?

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

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

Microchip Technology declared a quarterly dividend on Thursday, November 2nd. Investors 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 1.97%. 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.

Is Microchip Technology a good dividend stock?

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.

What ETFs hold Microchip Technology's stock?

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).

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

Microchip Technology issued an update on 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.

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 institutional and retail investors. Top institutional investors 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/11/2023 by MarketBeat.com Staff

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