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NASDAQ:MCHP

Microchip Technology (MCHP) Stock Forecast, Price & News

$68.70
+1.60 (+2.38%)
(As of 05/25/2022 03:22 PM ET)
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Compare
Today's Range
$66.49
$68.72
50-Day Range
$64.31
$79.78
52-Week Range
$63.34
$90.00
Volume
87,175 shs
Average Volume
5.23 million shs
Market Capitalization
$38.20 billion
P/E Ratio
30.33
Dividend Yield
1.64%
Beta
1.56
30 days | 90 days | 365 days | Advanced Chart
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Microchip Technology logo

About Microchip Technology

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 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; 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 development tools that enable system designers to program microcontroller 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 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 timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

Headlines

Sysco, Simon Property rise; Peloton, Dentsply fall
Stocks that traded heavily or had substantial price changes Tuesday: Sysco, Simon Property rise; Peloton, Dentsply fall
Microchip Technology (NASDAQ:MCHP) PT Lowered to $70.00
See More Headlines

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
19,500
Year Founded
1989

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$6.13 per share
Book Value
$10.60 per share

Profitability

Net Income
$1.29 billion
Pretax Margin
21.74%

Debt

Price-To-Earnings

Miscellaneous

Free Float
544,704,000
Market Cap
$38.20 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/8 Dividend
2/18/2022
Dividend Payable
3/08/2022
Last Earnings
5/09/2022
Ex-Dividend for 6/3 Dividend
5/19/2022
Today
5/25/2022
Dividend Payable
6/03/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
3/31/2023

Social Links


MarketRank

Overall MarketRank

3.32 out of 5 stars

Computer And Technology Sector

15th out of 929 stocks

Semiconductors & Related Devices Industry

6th out of 124 stocks

Analyst Opinion: 3.4Community Rank: 4.7Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

Is Microchip Technology a buy right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Microchip Technology stock.
View analyst ratings for Microchip Technology
or view top-rated stocks.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) issued its quarterly earnings data on Monday, May, 9th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.09. The semiconductor company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. Microchip Technology had a trailing twelve-month return on equity of 41.89% and a net margin of 18.85%. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 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 Monday, May 9th. Investors of record on Friday, May 20th will be given a dividend of $0.276 per share on Friday, June 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, May 19th. This is a boost from Microchip Technology's previous quarterly dividend of $0.25.
View Microchip Technology's dividend history
.

Is Microchip Technology a good dividend stock?

Microchip Technology pays an annual dividend of $1.10 per share and currently has a dividend yield of 1.64%. Microchip Technology has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Microchip Technology is 48.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Microchip Technology will have a dividend payout ratio of 20.37% 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 first quarter 2023 earnings guidance on Monday, May, 23rd. The company provided earnings per share guidance of $1.32-$1.36 for the period, compared to the consensus EPS estimate of $1.28. The company issued revenue guidance of $1.92 billion-$1.99 billion, compared to the consensus revenue estimate of $1.86 billion.

What price target have analysts set for MCHP?

20 brokerages have issued 12 month target prices for Microchip Technology's shares. Their forecasts range from $70.00 to $125.00. On average, they anticipate Microchip Technology's share price to reach $94.85 in the next twelve months. This suggests a possible upside of 38.8% from the stock's current price.
View analysts' price targets for Microchip Technology
or view top-rated stocks among Wall Street analysts.

Who are Microchip Technology's key executives?
Microchip Technology's management team includes the following people:
What is Steve Sanghi's approval rating as Microchip Technology's CEO?

534 employees have rated Microchip Technology CEO Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among Microchip Technology'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).

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.59%), Principal Financial Group Inc. (1.95%), Northern Trust Corp (1.36%), Van ECK Associates Corp (0.83%), Boston Partners (0.74%) and Platinum Investment Management Ltd. (0.73%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Karlton D Johnson, 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 Aviva PLC, Mizuho Markets Americas LLC, Baird Financial Group Inc., Canada Pension Plan Investment Board, Eagle Asset Management Inc., DekaBank Deutsche Girozentrale, Toronto Dominion Bank, and Massachusetts Financial Services Co. MA. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, Karlton D Johnson, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Steve Sanghi, 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 acquired by a variety of institutional investors in the last quarter, including Boston Partners, Bristol Gate Capital Partners Inc., Van ECK Associates Corp, Prudential Financial Inc., Vanguard Group Inc., Assenagon Asset Management S.A., Mar Vista Investment Partners LLC, and Disciplined Growth Investors Inc. MN.
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.
Compare Top Brokerages Here.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $68.35.

How much money does Microchip Technology make?

Microchip Technology has a market capitalization of $38.00 billion and generates $6.82 billion in revenue each year. The semiconductor company earns $1.29 billion in net income (profit) each year or $2.264990 on an earnings per share basis.

How many employees does Microchip Technology have?

Microchip Technology employs 19,500 workers across the globe.

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, MCHP Technology Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Ireland Limited, Microchip Technology LLC, Microsemi, Microsemi - IOM Limited, Microsemi Corp. - Holding 2, Microsemi Corp. – Holding, Microsemi Corporation, Microsemi SoC Corp., Microsemi Solutions SDN BHD., Microsemi Solutions UK Limited, Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Silicon Storage Technology Inc., Supertex, Tekron, and ZeroG Wireless.

When was Microchip Technology founded?

Microchip Technology was founded in 1989.

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, via email at [email protected], or via fax at 480-899-9210.

This page was last updated on 5/25/2022 by MarketBeat.com Staff

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