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NASDAQ:MCHPMicrochip Technology Stock Price, Forecast & News

$75.97
+2.63 (+3.59 %)
(As of 04/8/2020 10:41 AM ET)
Add
Compare
Today's Range
$74.39
Now: $75.97
$76.06
50-Day Range
$55.77
MA: $80.38
$109.82
52-Week Range
$53.15
Now: $75.97
$112.47
Volume794,731 shs
Average Volume4.21 million shs
Market Capitalization$18.20 billion
P/E Ratio30.03
Dividend Yield1.99%
Beta1.48
Microchip 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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Microchip Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community Rank: 2.7Dividend Strength: 5.0Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.92 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$12.64 per share
Book Value$22.31 per share

Profitability

Net Income$355.90 million

Miscellaneous

Employees18,286
Market Cap$18.20 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

How has Microchip Technology's stock been impacted by COVID-19 (Coronavirus)?

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MCHP shares have increased by 3.5% and is now trading at $75.97. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Microchip Technology?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Microchip Technology.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Microchip Technology.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) released its earnings results on Tuesday, February, 4th. The semiconductor company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. The semiconductor company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Microchip Technology had a return on equity of 23.87% and a net margin of 12.23%. Microchip Technology's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 EPS. 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 Tuesday, February 4th. Stockholders of record on Friday, February 21st will be given a dividend of $0.367 per share on Friday, March 6th. This represents a $1.47 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Microchip Technology's previous quarterly dividend of $0.37. View Microchip Technology's dividend history.

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

Microchip Technology updated its fourth quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share guidance of $1.35-1.51 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. The company issued revenue guidance of $1.313-1.403 billion, compared to the consensus revenue estimate of $1.35 billion.

What price target have analysts set for MCHP?

20 equities research analysts have issued 1 year target prices for Microchip Technology's shares. Their forecasts range from $70.00 to $130.00. On average, they anticipate Microchip Technology's stock price to reach $105.73 in the next twelve months. This suggests a possible upside of 39.2% from the stock's current price. View analysts' price targets 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 expected to benefit from improvement in bookings across industrial, data center, and automotive end markets. The company’s expanding product portfolio driven by new product roll outs is likely to be a key catalyst.  Robust adoption of its 8-bit, 16-bit and 32-bit microcontrollers, also bodes well. Moreover, the company is well poised to capitalize on synergies from accretive Microsemi and Atmel acquisitions. Also, new design wins for the company’s latest PolarFire solutions are expected to drive FPGA revenues. However, significant exposure to Asian markets amid coronavirus outbreak in China is anticipated to weigh on revenues. Markedly, the company reduced its revenue guidance owing to impact from coronavirus crisis. Notably, shares of the company have underperformed the industry in the past year." (4/7/2020)
  • 2. Rosenblatt Securities analysts commented, "We reiterate our Buy rating for MCHP with a $115 price target which remains unchanged." (8/7/2019)

Has Microchip Technology been receiving favorable news coverage?

Press coverage about MCHP stock has been trending very negative on Wednesday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Microchip Technology earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutMicrochip Technology.

Who are some of Microchip Technology's key competitors?

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), Alibaba Group (BABA), Intel (INTC), Applied Materials (AMAT), Advanced Micro Devices (AMD), Lam Research (LRCX), Cisco Systems (CSCO), Netflix (NFLX) and Broadcom (AVGO).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 63)
  • Mr. Ganesh Moorthy, Pres & COO (Age 59)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 48)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 67)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 and MCU16 Bus. Units (Age 58)

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 institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.05%), Boltwood Capital Management (0.01%), Global Trust Asset Management LLC (0.00%), IBM Retirement Fund (0.00%) and Spirit of America Management Corp NY (0.00%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic and Stephen V Drehobl. 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 Boltwood Capital Management, and Global Trust Asset Management LLC. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, and Richard J Simoncic. View insider buying and selling activity for Microchip Technology.

Which institutional investors are buying Microchip Technology stock?

MCHP stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, IBM Retirement Fund, and Spirit of America Management Corp NY. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $75.97.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $18.20 billion and generates $5.35 billion in revenue each year. The semiconductor company earns $355.90 million in net income (profit) each year or $6.08 on an earnings per share basis. Microchip Technology employs 18,286 workers across the globe. View additional information about Microchip Technology.

What is Microchip Technology's official website?

The official website for Microchip Technology is http://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 or via email at [email protected]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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