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Microchip Technology Stock Price, Forecast & Analysis (NASDAQ:MCHP)

$93.62
-0.47 (-0.50 %)
(As of 11/15/2019 01:04 AM ET)
Today's Range
$92.81
Now: $93.62
$93.82
50-Day Range
$90.62
MA: $94.48
$100.64
52-Week Range
$65.67
Now: $93.62
$101.57
Volume1.34 million shs
Average Volume2.55 million shs
Market Capitalization$22.37 billion
P/E Ratio15.40
Dividend Yield1.55%
Beta1.44
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$10.55 per share
Book Value$22.43 per share

Profitability

Net Income$355.90 million

Miscellaneous

Employees18,286
Market Cap$22.37 billion
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

What is Microchip Technology's stock symbol?

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

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

Microchip Technology announced a quarterly dividend on Tuesday, November 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.366 per share on Thursday, December 5th. This represents a $1.46 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 20th. View Microchip Technology's Dividend History.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) released its earnings results on Tuesday, November, 5th. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.13. The semiconductor company earned $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. Microchip Technology had a net margin of 7.15% and a return on equity of 25.60%. Microchip Technology's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.81 earnings per share. View Microchip Technology's Earnings History.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Microchip Technology.

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

Microchip Technology updated its third quarter earnings guidance on Tuesday, November, 5th. The company provided earnings per share (EPS) guidance of $1.12-1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.44. The company issued revenue guidance of $1.204-1.311 billion, compared to the consensus revenue estimate of $1.35 billion.

What price target have analysts set for MCHP?

14 equities research analysts have issued 12-month price objectives for Microchip Technology's shares. Their forecasts range from $87.93 to $119.00. On average, they expect Microchip Technology's share price to reach $105.71 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for Microchip Technology.

What is the consensus analysts' recommendation for Microchip Technology?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Microchip Technology.

What are Wall Street analysts saying about Microchip Technology stock?

Here are some recent quotes from research analysts about Microchip Technology stock:
  • 1. Rosenblatt Securities analysts commented, "We reiterate our Buy rating for MCHP with a $115 price target which remains unchanged." (8/7/2019)
  • 2. According to Zacks Investment Research, "Microchip is benefiting from robust demand for 8-bit, 16-bit and 32-bit microcontrollers. Microchip also rides on strong demand for memory and analog and interface products. We believe that Microchip's expanding portfolio driven by new product roll outs will continue to expand customer base. Moreover, the company is well poised to capitalize on synergies from accretive Microsemi and Amtel acquisitions. However, Microchip is bearing the brunt of increasing lead time, slim demand trends in ZTE and Bitcoin business domains. Further, significant exposure to Asian markets amid imposition of tariff owing to trade war between the US and China is likely to weigh on margin expansion. Additionally, significant debt burden amid increasing expenses on product development remain major concerns." (7/25/2019)

Has Microchip Technology been receiving favorable news coverage?

Headlines about MCHP stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Microchip Technology earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Microchip Technology.

Are investors shorting Microchip Technology?

Microchip Technology saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 31,280,000 shares, a decline of 6.3% from the August 30th total of 33,390,000 shares. Based on an average daily volume of 2,220,000 shares, the days-to-cover ratio is currently 14.1 days. Approximately 13.4% of the company's shares are short sold. View Microchip Technology's Current Options Chain.

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), Applied Materials (AMAT), Alibaba Group (BABA), Lam Research (LRCX), Cisco Systems (CSCO), Netflix (NFLX), Adobe (ADBE) and Broadcom (AVGO).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the folowing people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 63)
  • Mr. Ganesh Moorthy, Pres & COO (Age 59)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 48)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 67)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 and MCU16 Bus. Units (Age 58)

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.09%), Coho Partners Ltd. (0.64%), CIBC Private Wealth Group LLC (0.46%), First Trust Advisors LP (0.44%), Eagle Asset Management Inc. (0.41%) and Sumitomo Mitsui Trust Holdings Inc. (0.38%). Company insiders that own Microchip Technology stock include Esther Johnson, Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Institutional Ownership Trends for Microchip Technology.

Which major investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, TimesSquare Capital Management LLC, Fulton Breakefield Broenniman LLC, Massachusetts Financial Services Co. MA, Coho Partners Ltd., Gateway Investment Advisers LLC, Steward Partners Investment Advisory LLC and SPF Beheer BV. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic and Stephen V Drehobl. View Insider Buying and Selling for Microchip Technology.

Which major investors are buying Microchip Technology stock?

MCHP stock was bought by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Carillon Tower Advisers Inc., Eagle Asset Management Inc., Stephens Investment Management Group LLC, Nippon Life Global Investors Americas Inc., State of Alaska Department of Revenue, Glaxis Capital Management LLC and Fenimore Asset Management Inc.. View Insider Buying and Selling 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 $93.62.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $22.37 billion and generates $5.35 billion in revenue each year. The semiconductor company earns $355.90 million in net income (profit) each year or $6.08 on an earnings per share basis. Microchip Technology employs 18,286 workers across the globe.View Additional Information About Microchip Technology.

What is Microchip Technology's official website?

The official website for Microchip Technology is http://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]


MarketBeat Community Rating for Microchip Technology (NASDAQ MCHP)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  697 (Vote Outperform)
Underperform Votes:  550 (Vote Underperform)
Total Votes:  1,247
MarketBeat's community ratings are surveys of what our community members think about Microchip Technology and other stocks. Vote "Outperform" if you believe MCHP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCHP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2019 by MarketBeat.com Staff

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