NASDAQ:MCHP - Microchip Technology Stock Price, Price Target & More

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$96.92 -1.78 (-1.80 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$98.70
Today's Range$96.37 - $99.40
52-Week Range$75.80 - $104.20
Volume2.84 million shs
Average Volume2.85 million shs
Market Capitalization$23.79 billion
P/E Ratio19.28
Dividend Yield1.44%
Beta1.13
Microchip Technology logoMicrochip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices. In addition, the company 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, and analog products that require embedded non-volatile memory, as well as provides engineering services. Further, it provides wafer foundry and assembly and test subcontracting manufacturing services; and application specific integrated circuits, complex programmable logic devices, and aerospace products. It serves automotive, communications, computing, consumer, aerospace, defense, safety, security, medical, and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.

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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200

Debt

Debt-to-Equity Ratio0.54
Current Ratio1.66
Quick Ratio1.43

Price-To-Earnings

Trailing P/E Ratio19.28
Forward P/E Ratio15.68
P/E Growth1.17

Sales & Book Value

Annual Sales$3.98 billion
Price / Sales5.72
Cash Flow$4.0216 per share
Price / Cash24.10
Book Value$14.00 per share
Price / Book6.92

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$255.40 million
Net Margins6.41%
Return on Equity38.62%
Return on Assets16.04%

Miscellaneous

Employees14,234
Outstanding Shares235,040,000

Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

What is Microchip Technology's stock symbol?

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

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

Microchip Technology announced a quarterly dividend on Tuesday, May 8th. Stockholders of record on Monday, May 21st will be given a dividend of $0.3635 per share on Monday, June 4th. This represents a $1.45 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 18th. This is an increase from Microchip Technology's previous quarterly dividend of $0.36. View Microchip Technology's Dividend History.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) released its quarterly earnings data on Tuesday, May, 8th. The semiconductor company reported $1.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.27 by $0.13. The semiconductor company had revenue of $1 billion for the quarter, compared to analyst estimates of $984.80 million. Microchip Technology had a net margin of 6.41% and a return on equity of 38.62%. Microchip Technology's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share. View Microchip Technology's Earnings History.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Microchip Technology.

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

Microchip Technology updated its first quarter earnings guidance on Tuesday, May, 8th. The company provided earnings per share guidance of $1.39-1.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of $1.012-1.062 billion, compared to the consensus revenue estimate of $1.03 billion.

What price target have analysts set for MCHP?

15 Wall Street analysts have issued 1 year target prices for Microchip Technology's stock. Their forecasts range from $68.78 to $135.00. On average, they anticipate Microchip Technology's share price to reach $110.9843 in the next twelve months. View Analyst Ratings for Microchip Technology.

What are Wall Street analysts saying about Microchip Technology stock?

Here are some recent quotes from research analysts about Microchip Technology stock:
  • 1. According to Zacks Investment Research, "Microchip is benefiting from robust demand for 8-bit, 16-bit and 32-bit microcontrollers. We believe that Microchip's expanding product portfolio driven by new launches will continue to expand customer base. Additionally, the company expanded collaboration with Amazon Web services to support AWS offerings as well as develop secure cloud system. The company plans to bring in-house more of the assembly and test operations that are currently outsourced, which will ultimately improve gross margin. The heightened capital expenditures also reflect three new buildings that Microchip is constructing in Arizona, India and Germany. These, in turn, will help in reducing cost in the long-haul. However, given its extensive geographical foothold the company is continuously adversely impacted by exchange rate volatility while competition remains headwind." (6/6/2018)
  • 2. Rosenblatt Securities analysts commented, "We update our model to account for last week’s Microsemi (MSCC: NR) acqui- sition, which adds $170 million in sales at the mid-point in the June quarter, and $0.04 in non-GAAP EPS. Management’s view for the September quarter is an additional $0.15 in non-GAAP EPS and for annualized $0.75 in non-GAAP EPS accretion in the first year after the close." (6/6/2018)
  • 3. Needham & Company LLC analysts commented, "Yesterday MCHP hosted its annual investor day. With end markets strong, limited risk of double ordering, and continued progress on its analog attach strategy, much of the discussion revolved around its bid for Microsemi. We believe that the major reason for the acquisition is the expansion of customers and end markets (while remaining accretive from day one). While the deal will be primarily funded with debt (driving net debt/EBITDA to 4.7x) we believe that MCHP will be quick to delever. Furthermore we estimate $300M in synergies, non-GAAP accretion of $1.75 over the next few years, and earnings power of ~$8 per share. Reiterate Strong Buy." (3/2/2018)

Are investors shorting Microchip Technology?

Microchip Technology saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 30,312,757 shares, an increase of 1.2% from the May 15th total of 30,674,301 shares. Based on an average daily trading volume, of 1,771,356 shares, the days-to-cover ratio is presently 17.1 days. Approximately 13.2% of the company's shares are short sold. View Microchip Technology's Current Options Chain.

Who are some of Microchip Technology's key competitors?

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the folowing people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 62)
  • Mr. Ganesh Moorthy, Pres & COO (Age 58)
  • Mr. James Eric Bjornholt, VP & CFO (Age 47)
  • Mr. Mitchell R. Little, VP of Worldwide Sales & Applications (Age 66)
  • Mr. Stephen V. Drehobl, VP of MCU8 & Technology Devel. Division (Age 57)

Has Microchip Technology been receiving favorable news coverage?

News articles about MCHP stock have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Microchip Technology earned a media sentiment score of 0.33 on Accern's scale. They also gave headlines about the semiconductor company an impact score of 46.04 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include Barings LLC (3.43%), Principal Financial Group Inc. (2.40%), Aristotle Capital Management LLC (2.18%), Barrow Hanley Mewhinney & Strauss LLC (1.63%), Northern Trust Corp (1.38%) and Massachusetts Financial Services Co. MA (1.34%). Company insiders that own Microchip Technology stock include Esther Johnson, James Eric Bjornholt, L B Day, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Institutional Ownership Trends for Microchip Technology.

Which institutional investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Alkeon Capital Management LLC, Victory Capital Management Inc., Federated Investors Inc. PA, MUFG Americas Holdings Corp, Candriam Luxembourg S.C.A., GW&K Investment Management LLC, Robecosam AG and Honeywell International Inc.. Company insiders that have sold Microchip Technology company stock in the last year include Esther Johnson, James Eric Bjornholt, Mitchell R Little, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Insider Buying and Selling for Microchip Technology.

Which institutional investors are buying Microchip Technology stock?

MCHP stock was purchased by a variety of institutional investors in the last quarter, including Barings LLC, Mar Vista Investment Partners LLC, Platinum Investment Management Ltd., Aristotle Capital Management LLC, Van ECK Associates Corp, Maplelane Capital LLC, Summit Trail Advisors LLC and Korea Investment CORP. View Insider Buying and Selling for Microchip Technology.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $96.91.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $23.79 billion and generates $3.98 billion in revenue each year. Microchip Technology employs 14,234 workers across the globe.

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]


MarketBeat Community Rating for Microchip Technology (MCHP)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  546 (Vote Outperform)
Underperform Votes:  325 (Vote Underperform)
Total Votes:  871
MarketBeat's community ratings are surveys of what our community members think about Microchip Technology and other stocks. Vote "Outperform" if you believe MCHP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCHP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/22/2018 by MarketBeat.com Staff

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