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NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$132.07
-0.94 (-0.71 %)
(As of 11/30/2020 10:57 AM ET)
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Compare
Today's Range
$131.34
Now: $132.07
$133.71
50-Day Range
$102.54
MA: $117.77
$133.56
52-Week Range
$53.15
Now: $132.07
$135.29
Volume8,194 shs
Average Volume3.01 million shs
Market Capitalization$34.39 billion
P/E Ratio56.44
Dividend Yield1.11%
Beta1.62
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive, industrial, computing, communication, lighting, power supplies, motor control, human machine interface, security, and wired and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller products for specific applications; field-programmable gate array (FPGA) products; and analog, power, 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 memory products consisting of 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 Smartbits one time programmable NVM 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 aerospace and timing systems products, application specific integrated circuits, and complex programmable logic devices. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.
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Microchip Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.52 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200
Employees18,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$13.04 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Miscellaneous

Market Cap$34.39 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$132.07
-0.94 (-0.71 %)
(As of 11/30/2020 10:57 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

How has Microchip Technology's stock been impacted by Coronavirus (COVID-19)?

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MCHP shares have increased by 81.2% and is now trading at $133.01.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Microchip Technology?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 19 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Microchip Technology
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Microchip Technology?

Wall Street analysts have given Microchip Technology a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Microchip Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) posted its quarterly earnings data on Thursday, November, 5th. The semiconductor company reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.43 by $0.13. The semiconductor company earned $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion. Microchip Technology had a net margin of 12.23% and a return on equity of 24.31%. The firm's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.43 EPS.
View Microchip Technology's earnings history
.

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

Microchip Technology announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, November 20th will be given a dividend of $0.3685 per share on Friday, December 4th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 19th. This is an increase from Microchip Technology's previous quarterly dividend of $0.37.
View Microchip Technology's dividend history
.

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, 5th. The company provided earnings per share guidance of $1.51 to $1.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.44. The company issued revenue guidance of $1.31 billion to $1.375 billion, compared to the consensus revenue estimate of $1.28 billion.

What price target have analysts set for MCHP?

25 analysts have issued 1-year price targets for Microchip Technology's stock. Their forecasts range from $95.00 to $150.00. On average, they expect Microchip Technology's stock price to reach $124.57 in the next year. This suggests that the stock has a possible downside of 6.3%.
View analysts' price targets for Microchip Technology
.

Who are some of Microchip Technology's key competitors?

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 key executives?

Microchip Technology's management team includes the following people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 64, Pay $1.75M)
  • Mr. Ganesh Moorthy, Pres & COO (Age 60, Pay $705.49k)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 49, Pay $359.51k)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 68, Pay $441.68k)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 & MCU16 Bus. Units (Age 59, Pay $401.93k)
  • Kimberly van Herk, VP, Gen. Counsel & Corp. Sec.
  • Mr. Rami Kanama, VP of Timing & Communication Group (Age 51)
  • Ms. Lauren A. Carr, Sr. VP of Global HR
  • Mr. Michael A. Finley, Sr. VP of Fab Operations
  • Mr. Richard J. Simoncic, Sr. VP of Analog Power & Interface Bus. Units (Age 56)

What is Microchip Technology's stock symbol?

Microchip Technology trades on the NASDAQ under the ticker symbol "MCHP."

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (2.33%), Platinum Investment Management Ltd. (0.87%), Massachusetts Financial Services Co. MA (0.76%), Victory Capital Management Inc. (0.63%), Charles Schwab Investment Management Inc. (0.60%) and Coho Partners Ltd. (0.62%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl and Wade F Meyercord.
View institutional ownership trends for Microchip Technology
.

Which institutional investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Soros Fund Management LLC, KBC Group NV, Los Angeles Capital Management & Equity Research Inc., Platinum Investment Management Ltd., Charles Schwab Investment Management Inc., Advisors Capital Management LLC, Point72 Asset Management L.P., and Public Employees Retirement System of Ohio. Company insiders that have sold Microchip Technology company stock in the last year include Ganesh Moorthy, James Eric Bjornholt, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology
.

Which institutional investors are buying Microchip Technology stock?

MCHP stock was acquired by a variety of institutional investors in the last quarter, including CIBC Private Wealth Group LLC, DekaBank Deutsche Girozentrale, Victory Capital Management Inc., Dana Investment Advisors Inc., BP PLC, Westwood Holdings Group Inc., First Trust Advisors LP, and Fifth Third Bancorp.
View insider buying and selling activity for Microchip Technology
.

How do I buy shares of Microchip Technology?

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

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $133.01.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $34.63 billion and generates $5.27 billion in revenue each year. The semiconductor company earns $570.60 million in net income (profit) each year or $5.18 on an earnings per share basis. Microchip Technology employs 18,000 workers across the globe.

What is Microchip Technology's official website?

The official website for Microchip Technology is www.microchip.com.

How can I contact Microchip Technology?

Microchip Technology's mailing address is 2355 W CHANDLER BLVD, CHANDLER AZ, 85224. The semiconductor company can be reached via phone at 480-792-7200 or via email at [email protected]

This page was last updated on 11/30/2020 by MarketBeat.com Staff

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