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NASDAQ:MCHP

Microchip Technology - MCHP Stock Forecast, Price & News

$75.31
+0.17 (+0.23%)
(As of 12/7/2022 12:03 PM ET)
Add
Compare
Today's Range
$74.48
$75.75
50-Day Range
$57.31
$79.19
52-Week Range
$54.33
$90.00
Volume
40,998 shs
Average Volume
4.65 million shs
Market Capitalization
$41.42 billion
P/E Ratio
23.03
Dividend Yield
1.71%
Price Target
$83.50

Microchip Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
11.1% Upside
$83.50 Price Target
Short Interest
Healthy
2.28% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.65mentions of Microchip Technology in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$59,829 Sold Last Quarter
Proj. Earnings Growth
-1.59%
From $5.67 to $5.58 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.09 out of 5 stars

Computer And Technology Sector

76th out of 627 stocks

Semiconductors & Related Devices Industry

11th out of 92 stocks

MCHP stock logo

About Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions 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 and microprocessor 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 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.

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MCHP Stock News Headlines

GlobalFoundries Pops Nearly 9% On Better-Than-Expected Q3 Results (MCHP)
GlobalFoundries is bucking the chip industry downtrend with a gain of 10.90% in the past month. Shares jumped nearly 9% Tuesday on strong Q3 results.
onsemi (ON) Boosting Prospects by Investing in Megatrends
Microchip Technology (NASDAQ:MCHP) PT Raised to $80.00
What 9 Analyst Ratings Have To Say About Microchip Technology
Microchip Technology Standing Out As The Cycle Turns
See More Headlines
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MCHP Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 12/6 Dividend
11/21/2022
Dividend Payable
12/06/2022
Today
12/07/2022
Next Earnings (Estimated)
2/02/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
21,000
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$83.50
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+10.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
19 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
29.67%

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$6.39 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
539,009,000
Market Cap
$41.42 billion
Optionable
Optionable
Beta
1.58

Social Links


Key Executives

  • Mr. Stephen  SanghiMr. Stephen Sanghi (Age 66)
    Exec. Chair
    Comp: $1.81M
  • Mr. Ganesh  MoorthyMr. Ganesh Moorthy (Age 62)
    CEO, Pres & Director
    Comp: $2.22M
  • Mr. James Eric BjornholtMr. James Eric Bjornholt (Age 51)
    Sr. VP & CFO
    Comp: $570.9k
  • Mr. Richard J. SimoncicMr. Richard J. Simoncic (Age 58)
    Sr. VP of Analog Power & Interface Bus. Units
    Comp: $588.75k
  • Mr. Stephen V. DrehoblMr. Stephen V. Drehobl (Age 61)
    Sr. VP of MCU8 & MCU16 Bus. Units
    Comp: $669.97k
  • Mari Valenzuela
    Gen. Counsel
  • Ms. Lauren A. Carr
    Sr. VP of Global HR
  • Mr. Michael A. Finley
    Sr. VP of Fab Operations
  • Mr. Mitchel Obolsky
    Sr. VP of Networking and Data Center Bus. Units
  • Mr. Mathew B. Bunker
    Sr. VP of Back-End Operations













MCHP Stock - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

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

What is Microchip Technology's stock price forecast for 2023?

19 analysts have issued 1-year price objectives for Microchip Technology's shares. Their MCHP share price forecasts range from $62.00 to $125.00. On average, they predict the company's share price to reach $83.50 in the next year. This suggests a possible upside of 11.1% from the stock's current price.
View analysts price targets for MCHP
or view top-rated stocks among Wall Street analysts.

How have MCHP shares performed in 2022?

Microchip Technology's stock was trading at $87.06 at the beginning of the year. Since then, MCHP stock has decreased by 13.7% and is now trading at $75.14.
View the best growth stocks for 2022 here
.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our MCHP earnings forecast
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) released its quarterly earnings results on Thursday, November, 3rd. The semiconductor company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.02. The semiconductor company earned $2.07 billion during the quarter, compared to analysts' expectations of $2.06 billion. Microchip Technology had a trailing twelve-month return on equity of 47.90% and a net margin of 24.14%.

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

Microchip Technology declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Tuesday, November 22nd will be paid a dividend of $0.328 per share on Tuesday, December 6th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, November 21st. This is a boost from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for MCHP
.

Is Microchip Technology a good dividend stock?

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.31 per share and currently has a dividend yield of 1.71%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 40.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 23.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

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

Microchip Technology issued an update on its third quarter 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $1.54-$1.56 for the period, compared to the consensus earnings per share estimate of $1.45. The company issued revenue guidance of $2.13 billion-$2.18 billion, compared to the consensus revenue estimate of $2.08 billion.

What is Steve Sanghi's approval rating as Microchip Technology's CEO?

534 employees have rated Microchip Technology Chief Executive Officer Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among the company'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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.91%), Macquarie Group Ltd. (1.55%), Boston Partners (1.39%), Pictet Asset Management SA (0.83%), Van ECK Associates Corp (0.81%) and Mizuho Markets Americas LLC (0.00%). Insiders that own company stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Karlton D Johnson, 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
.

How do I buy shares of Microchip Technology?

Shares of MCHP stock 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 $75.14.

How much money does Microchip Technology make?

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $41.33 billion and generates $6.82 billion in revenue each year. The semiconductor company earns $1.29 billion in net income (profit) each year or $3.27 on an earnings per share basis.

How many employees does Microchip Technology have?

The company employs 21,000 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, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Caldicot Limited, Microchip Technology Ireland Limited, Microchip Technology LLC, Microchip Technology Malta Limited, Microsemi, Microsemi Corp. – Holding, Microsemi Corp. – Holding 2, Microsemi Corporation, Microsemi IOM Limited, Microsemi SoC Corp., Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.
Read More
How can I contact Microchip Technology?

Microchip Technology's mailing address is 2355 W CHANDLER BLVD, CHANDLER AZ, 85224. The official website for the company is www.microchip.com. The semiconductor company can be reached via phone at (480) 792-7200, via email at ir@microchip.com, or via fax at 480-899-9210.

This page (NASDAQ:MCHP) was last updated on 12/7/2022 by MarketBeat.com Staff