NASDAQ:MCHP - Microchip Technology Stock Price, Price Target & More

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

Microchip Technology declared a quarterly dividend on Tuesday, May 8th. Shareholders of record on Monday, May 21st will be paid a dividend of $0.3635 per share on Monday, June 4th. This represents a $1.45 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, May 18th. This is a positive change from Microchip Technology's previous quarterly dividend of $0.36. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) posted its quarterly earnings results on Tuesday, May, 8th. The semiconductor company reported $1.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.27 by $0.13. The semiconductor company had revenue of $1 billion for the quarter, compared to the consensus estimate of $984.80 million. Microchip Technology had a return on equity of 38.62% and a net margin of 6.41%. The business's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 earnings per share. View Microchip Technology's Earnings History.

Microchip Technology is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Microchip Technology.

Microchip Technology issued an update on its first quarter earnings guidance on Tuesday, May, 8th. The company provided earnings per share guidance of $1.39-1.49 for the period, compared to the Thomson Reuters consensus estimate of $1.43. The company issued revenue guidance of $1.012-1.062 billion, compared to the consensus revenue estimate of $1.03 billion.

15 brokerages have issued 1-year price objectives for Microchip Technology's shares. Their predictions range from $68.78 to $135.00. On average, they anticipate Microchip Technology's stock price to reach $112.77 in the next twelve months. This suggests a possible upside of 18.6% from the stock's current price. View Analyst Ratings for Microchip Technology.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Microchip Technology saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 30,510,967 shares, an increase of 1.5% from the June 15th total of 30,046,732 shares. Based on an average daily trading volume, of 2,262,911 shares, the short-interest ratio is currently 13.5 days. Currently, 13.3% of the shares of the company are short sold. View Microchip Technology's Current Options Chain.

Some companies that are related to Microchip Technology include Broadcom (AVGO), Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP) and Marvell Technology Group (MRVL).

News coverage about MCHP stock has been trending positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Microchip Technology earned a coverage optimism score of 0.46 on Accern's scale. They also gave news articles about the semiconductor company an impact score of 46.22 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Microchip Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include Fenimore Asset Management Inc. (0.39%), Gateway Investment Advisers LLC (0.10%), First National Bank of Omaha (0.09%), Bank of Montreal Can (0.09%), Calamos Advisors LLC (0.09%) and Handelsbanken Fonder AB (0.06%). Company insiders that own Microchip Technology stock include Esther Johnson, James Eric Bjornholt, L B Day, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Institutional Ownership Trends for Microchip Technology.

MCHP stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Gateway Investment Advisers LLC, Fenimore Asset Management Inc., Boltwood Capital Management, Fjarde AP Fonden Fourth Swedish National Pension Fund, Retirement Systems of Alabama, First National Bank of Omaha and Chesley Taft & Associates LLC. Company insiders that have sold Microchip Technology company stock in the last year include Esther Johnson, James Eric Bjornholt, Mitchell R Little, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Insider Buying and Selling for Microchip Technology.

MCHP stock was acquired by a variety of institutional investors in the last quarter, including Benson Investment Management Company Inc., M. Kraus & Co, Handelsbanken Fonder AB, Miller Howard Investments Inc. NY, BKD Wealth Advisors LLC, Campbell & CO Investment Adviser LLC, Calamos Advisors LLC and IFM Investors Pty Ltd. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of MCHP stock can currently be purchased for approximately $95.05.

Microchip Technology has a market capitalization of $22.16 billion and generates $3.98 billion in revenue each year. The semiconductor company earns $255.40 million in net income (profit) each year or $5.19 on an earnings per share basis. Microchip Technology employs 14,234 workers across the globe.

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]