S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
MarketBeat Week in Review – 4/15 - 4/19
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Moscow says 50 Ukrainian drones shot down as attacks spark fires at Russian power stations
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
NASDAQ:MCHP

Microchip Technology (MCHP) Stock Price, News & Analysis

$81.68
-2.53 (-3.00%)
(As of 04/19/2024 ET)
Today's Range
$80.90
$84.21
50-Day Range
$80.58
$93.34
52-Week Range
$68.75
$94.30
Volume
6.91 million shs
Average Volume
4.08 million shs
Market Capitalization
$44.14 billion
P/E Ratio
19.08
Dividend Yield
2.20%
Price Target
$92.50

Microchip Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
13.2% Upside
$92.50 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
0.70mentions of Microchip Technology in the last 14 days
Based on 21 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.

4.60 out of 5 stars

Computer And Technology Sector

81st out of 580 stocks

Semiconductors & Related Devices Industry

15th out of 83 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

A.I. Pioneer Issues Urgent Warning to Americans
According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”
A.I. Pioneer Issues Urgent Warning to Americans
According to one early A.I. pioneer: “You can either use this as an unfair advantage to grow your wealth, or you can let it ravage your retirement savings. There’s no middle option.”
Microchip Technology Acquires Neuronix AI Labs
See More Headlines
Receive MCHP Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Microchip Technology and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/8 Dividend
2/22/2024
Dividend Payable
3/08/2024
Today
4/20/2024
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
$92.50
High Stock Price Target
$106.00
Low Stock Price Target
$77.00
Potential Upside/Downside
+13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$2.24 billion
Pretax Margin
34.75%

Debt

Sales & Book Value

Annual Sales
$8.44 billion
Cash Flow
$7.43 per share
Book Value
$11.89 per share

Miscellaneous

Free Float
529,214,000
Market Cap
$44.14 billion
Optionable
Optionable
Beta
1.65

Social Links

(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

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 has a strong product portfolio, including specialized microcontrollers for various applications such as automotive, industrial, and communications.
  • The company offers a wide range of application development tools that enable system designers to program microcontroller, FPGA, and microprocessor products for specific applications.
  • Recent financial data shows that Microchip Technology had a return on equity of 45.59% and a net margin of 27.59%, indicating strong financial performance.
  • Microchip Technology's stock price has shown stability and growth, with a market cap of $47.58 billion, reflecting investor confidence in the company.
  • The company provides engineering services and licenses its technologies to foundries and design partners, expanding its revenue streams and market reach.

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 challenges for sustained growth and market share.
  • Microchip Technology's revenue was down 18.6% compared to the same quarter last year, indicating potential volatility in financial performance.
  • With a debt-to-equity ratio of 0.57, the company carries a moderate level of debt, which could impact its financial flexibility and risk profile.
  • The company's stock has a beta of 1.65, indicating higher volatility compared to the market average, which may lead to fluctuations in stock price.
  • Investors should consider the cyclical nature of the semiconductor industry, which can be influenced by macroeconomic factors and global market conditions.
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 Saturday, April 13, 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?

16 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 11 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?

16 brokerages have issued 1-year target prices for Microchip Technology's shares. Their MCHP share price targets range from $77.00 to $106.00. On average, they anticipate the company's stock price to reach $92.50 in the next year. This suggests a possible upside of 13.2% 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 start of the year. Since then, MCHP shares have decreased by 9.4% and is now trading at $81.68.
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) released its quarterly earnings data 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 earned $1.77 billion during 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%. The company's quarterly revenue was down 18.6% on a year-over-year basis. During the same period in the previous year, the business posted $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 announced a quarterly dividend on Thursday, February 1st. Investors of record on Friday, February 23rd will be given a dividend of $0.45 per share on Friday, March 8th. This represents a $1.80 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend 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 2.14%. 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 (EPS) guidance of 0.460-0.680 for the period, compared to the consensus EPS 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 many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.45%), Allspring Global Investments Holdings LLC (0.18%), Pensioenfonds Rail & OV (0.09%), Wealth Enhancement Advisory Services LLC (0.05%), Trust Co. of Virginia VA (0.04%) and Massmutual Trust Co. FSB ADV (0.03%). 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 4/21/2024 by MarketBeat.com Staff

From Our Partners