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Microchip Technology (MCHP) Stock Price, News & Analysis

$88.77
-2.75 (-3.00%)
(As of 07/19/2024 08:55 PM ET)
Today's Range
$88.68
$91.78
50-Day Range
$88.77
$99.49
52-Week Range
$68.75
$100.57
Volume
5.82 million shs
Average Volume
5.72 million shs
Market Capitalization
$47.63 billion
P/E Ratio
25.58
Dividend Yield
2.03%
Price Target
$102.17

Microchip Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.72 Rating Score
Upside/​Downside
15.1% Upside
$102.17 Price Target
Short Interest
Healthy
4.84% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.91mentions of Microchip Technology in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.25 M Sold Last Quarter
Proj. Earnings Growth
66.81%
From $2.35 to $3.92 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.

4.96 out of 5 stars

Computer And Technology Sector

8th out of 581 stocks

Semiconductors & Related Devices Industry

3rd out of 87 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

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Company Calendar

Last Earnings
5/06/2024
Ex-Dividend for 6/5 Dividend
5/21/2024
Dividend Payable
6/05/2024
Today
7/21/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
22,300
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$102.17
High Stock Price Target
$115.00
Low Stock Price Target
$88.00
Potential Upside/Downside
+15.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72
Research Coverage
18 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
30.99%

Debt

Sales & Book Value

Annual Sales
$7.63 billion
Cash Flow
$6.37 per share
Book Value
$12.32 per share

Miscellaneous

Free Float
525,399,000
Market Cap
$47.63 billion
Optionable
Optionable
Beta
1.54

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MCHP Stock Analysis - Frequently Asked Questions

How have MCHP shares performed this year?

Microchip Technology's stock was trading at $90.18 at the beginning of 2024. Since then, MCHP stock has decreased by 1.6% and is now trading at $88.77.
View the best growth stocks for 2024 here
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) released its quarterly earnings data on Monday, May, 6th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. Microchip Technology's revenue was down 40.6% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does Microchip Technology have any subsidiaries?

Microchip Technology subsidiaries include LegUp Computing, Tekron, Microsemi, Atmel, Micrel, ISSC Technologies Corp, Supertex, and others.

Who are Microchip Technology's major shareholders?

Microchip Technology's top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.43%), Assenagon Asset Management S.A. (0.11%), Sequoia Financial Advisors LLC (0.06%) and Wealth Enhancement Advisory Services LLC (0.05%). Insiders that own company stock include Ganesh Moorthy, Stephen V Drehobl, Matthew W Chapman, James Eric Bjornholt, Mitchell R Little, Karlton D Johnson, 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.

What other stocks do shareholders of Microchip Technology own?

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

This page (NASDAQ:MCHP) was last updated on 7/22/2024 by MarketBeat.com Staff

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