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NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$149.65
-3.63 (-2.37 %)
(As of 01/15/2021 12:47 PM ET)
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Today's Range
$148.58
Now: $149.65
$153.02
50-Day Range
$131.92
MA: $140.06
$150.70
52-Week Range
$53.15
Now: $149.65
$154.27
Volume32,934 shs
Average Volume2.39 million shs
Market Capitalization$38.97 billion
P/E Ratio63.95
Dividend Yield0.98%
Beta1.69
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.
Microchip Technology logo

MarketRank

Overall MarketRank

2.40 out of 5 stars

Computer And Technology Sector

12th out of 1,211 stocks

Semiconductors & Related Devices Industry

2nd out of 130 stocks

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

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$11.35 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Miscellaneous

Market Cap$38.97 billion
Next Earnings Date2/2/2021 (Estimated)
OptionableOptionable
$149.65
-3.63 (-2.37 %)
(As of 01/15/2021 12:47 PM 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 COVID-19 (Coronavirus)?

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MCHP shares have increased by 103.9% and is now trading at $149.65.
View which stocks have been most impacted by COVID-19
.

Is Microchip Technology a buy right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 20 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Microchip Technology stock.
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 past winning trading ideas 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 earnings results on Thursday, November, 5th. The semiconductor company reported $1.56 EPS for the quarter, topping the Zacks' consensus estimate of $1.43 by $0.13. The semiconductor company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.26 billion. Microchip Technology had a return on equity of 25.02% and a net margin of 11.62%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.43 earnings per share.
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. Shareholders 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 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, November 19th. This is a boost from Microchip Technology's previous quarterly dividend of $0.37.
View Microchip Technology's dividend history
.

Is Microchip Technology a good dividend stock?

Microchip Technology pays an annual dividend of $1.47 per share and currently has a dividend yield of 0.98%. Microchip Technology has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Microchip Technology is 28.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Microchip Technology will have a dividend payout ratio of 22.11% next year. This indicates that Microchip Technology will be able to sustain or increase its dividend.
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 (EPS) guidance of $1.51 to $1.63 for the period, compared to the Thomson Reuters consensus earnings per share 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?

26 Wall Street analysts have issued 1 year target prices for Microchip Technology's shares. Their forecasts range from $95.00 to $200.00. On average, they expect Microchip Technology's share price to reach $132.96 in the next twelve months. This suggests that the stock has a possible downside of 11.2%.
View analysts' price targets for Microchip Technology
or view Wall Street analyst' top-rated stocks.

Are investors shorting Microchip Technology?

Microchip Technology saw a decrease in short interest in December. As of December 31st, there was short interest totaling 6,370,000 shares, a decrease of 43.6% from the December 15th total of 11,300,000 shares. Based on an average daily volume of 1,800,000 shares, the days-to-cover ratio is currently 3.5 days.
View Microchip Technology's Short Interest
.

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 65, Pay $1.75M)
  • Mr. Ganesh Moorthy, Pres, COO & Director (Age 61, Pay $705.49k)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 50, Pay $359.51k)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 69, Pay $441.68k)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 & MCU16 Bus. Units (Age 60, Pay $401.93k)
  • Kimberly van Herk, VP, Gen. Counsel & Corp. Sec.
  • 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 57)
  • Mr. Mitchel Obolsky, Sr. VP of Networking and Data Center Bus. Units

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 variety of institutional and retail investors. Top institutional shareholders include Crossmark Global Holdings Inc. (0.02%), M. Kraus & Co (0.02%), City Holding Co. (0.02%), Trust Co. of Toledo NA OH (0.02%), State of Alaska Department of Revenue (0.02%) and Pinnacle Financial Partners Inc. (0.01%). 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 major investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., City Holding Co., RNC Capital Management LLC, Pinnacle Financial Partners Inc., Enterprise Trust & Investment Co, Raymond James Trust N.A., Abner Herrman & Brock LLC, and Fulton Breakefield Broenniman LLC. 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
or view top insider-selling stocks.

Which major investors are buying Microchip Technology stock?

MCHP stock was bought by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System, Trust Co. of Toledo NA OH, IFM Investors Pty Ltd, NuWave Investment Management LLC, Diversified Trust Co, James Hambro & Partners, Gofen & Glossberg LLC IL, and Gillespie Robinson & Grimm Inc..
View insider buying and selling activity for Microchip Technology
or or view top insider-buying stocks.

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 WeBull, 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 $149.65.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $38.97 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 1/15/2021 by MarketBeat.com Staff

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