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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$56.16
-1.92 (-3.31%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$55.29
$57.99
50-Day Range
$56.16
$73.32
52-Week Range
$55.29
$90.00
Volume
4.66 million shs
Average Volume
5.12 million shs
Market Capitalization
$31.14 billion
P/E Ratio
24.79
Dividend Yield
1.97%
Price Target
$92.20

Microchip Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
64.2% Upside
$92.20 Price Target
Short Interest
Healthy
2.56% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.54mentions of Microchip Technology in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$637.22 K Sold Last Quarter
Proj. Earnings Growth
4.28%
From $5.14 to $5.36 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

3.41 out of 5 stars

Computer And Technology Sector

2nd out of 936 stocks

Semiconductors & Related Devices Industry

1st out of 124 stocks

30 days | 90 days | 365 days | Advanced Chart

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Microchip Technology 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.

MCHP Stock News Headlines

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Analyst Ratings for Microchip Technology
What 11 Analyst Ratings Have To Say About Microchip Technology
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Last Earnings
5/09/2022
Ex-Dividend for 6/3 Dividend
5/19/2022
Dividend Payable
6/03/2022
Today
7/03/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
3/31/2023

Price Target and Rating

Average Stock Price Forecast
$92.20
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+64.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
20 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
21.74%

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$6.49 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
543,245,000
Market Cap
$31.14 billion
Optionable
Optionable
Beta
1.60

Social Links















Microchip Technology Frequently Asked Questions

Should I buy or sell Microchip Technology stock 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 4 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Microchip Technology stock.
View analyst ratings for Microchip Technology
or view top-rated stocks.

What is Microchip Technology's stock price forecast for 2022?

20 Wall Street analysts have issued twelve-month price targets for Microchip Technology's shares. Their MCHP stock forecasts range from $70.00 to $125.00. On average, they expect Microchip Technology's stock price to reach $92.20 in the next twelve months. This suggests a possible upside of 64.2% from the stock's current price.
View analysts' price targets for Microchip Technology
or view top-rated stocks among Wall Street analysts.

How has Microchip Technology's stock price performed in 2022?

Microchip Technology's stock was trading at $87.06 at the start of the year. Since then, MCHP stock has decreased by 35.5% and is now trading at $56.16.
View the best growth stocks for 2022 here
.

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) announced its earnings results on Monday, May, 9th. The semiconductor company reported $1.26 earnings per share (EPS) 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 analysts' expectations 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 company'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 business posted $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 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, May 19th. This is a positive change 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(NASDAQ:MCHP) pays an annual dividend of $1.10 per share and currently has a dividend yield of 1.97%. 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 20.52% 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 updated its first quarter 2023 earnings guidance on Monday, June, 6th. The company provided earnings per share (EPS) guidance of $1.32-$1.36 for the period, compared to the consensus 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.

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."

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 $56.16.

How much money does Microchip Technology make?

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $31.14 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 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

When was Microchip Technology founded?

Microchip Technology was founded in 1989.

How can I contact Microchip Technology?

Microchip Technology's mailing address is 2355 W CHANDLER BLVD, CHANDLER AZ, 85224. The official website for Microchip Technology 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 7/3/2022 by MarketBeat.com Staff

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