Microchip Technology (MCHP) Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 6 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCHP shares.
View MCHP analyst ratings or view top-rated stocks.

18 Wall Street analysts have issued 1-year target prices for Microchip Technology's shares. Their MCHP share price forecasts range from $72.00 to $110.00. On average, they anticipate the company's share price to reach $90.11 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
View analysts price targets for MCHP or view top-rated stocks among Wall Street analysts.

Microchip Technology's stock was trading at $70.25 at the beginning of 2023. Since then, MCHP stock has increased by 6.9% and is now trading at $75.11.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our MCHP earnings forecast.

Microchip Technology Incorporated (NASDAQ:MCHP) issued its quarterly earnings data on Thursday, November, 4th. The semiconductor company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.01. The semiconductor company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.65 billion. Microchip Technology had a net margin of 26.52% and a trailing twelve-month return on equity of 51.12%. The firm's revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS.
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Microchip Technology announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Monday, May 22nd will be paid a dividend of $0.383 per share on Monday, June 5th. This represents a $1.53 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, May 19th. This is a boost from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for MCHP.

ETFs with the largest weight of Microchip Technology (NASDAQ:MCHP) stock in their portfolio include Columbia Seligman Semiconductor and Technology ETF (SEMI), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), First Trust Nasdaq Semiconductor ETF (FTXL), Invesco Dynamic Market ETF (PWC), Invesco PHLX Semiconductor ETF (SOXQ), Janus Henderson U.S. Sustainable Equity ETF (SSPX) and First Trust Indxx Metaverse ETF (ARVR).

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.53 per share and currently has a dividend yield of 1.96%. The company 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 is 38.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 25.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

Microchip Technology updated its first quarter 2024 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $1.63-$1.65 for the period, compared to the consensus estimate of $1.64. The company issued revenue guidance of $2.25 billion-$2.32 billion, compared to the consensus revenue estimate of $2.25 billion.

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.

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).

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

Microchip Technology's stock is owned by many different retail and institutional investors. Top institutional investors include Dodge & Cox (4.18%), Aristotle Capital Management LLC (3.04%), FMR LLC (2.61%), Ameriprise Financial Inc. (2.43%), Geode Capital Management LLC (2.14%) and Principal Financial Group Inc. (1.75%). 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.
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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.
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One share of MCHP stock can currently be purchased for approximately $75.11.

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $40.96 billion and generates $8.44 billion in revenue each year. The semiconductor company earns $2.24 billion in net income (profit) each year or $4.01 on an earnings per share basis.

The company employs 22,600 workers across the globe.

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.