Microchip Technology Stock Forecast, Price & News

Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

Is Microchip Technology a buy right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Microchip Technology stock.
View analyst ratings for Microchip Technology or view top-rated stocks.

What stocks does MarketBeat like better than Microchip Technology?

Wall Street analysts have given Microchip Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Microchip Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Microchip Technology?

Microchip Technology saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,700,000 shares, a drop of 19.7% from the August 15th total of 5,850,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is currently 2.5 days. Currently, 1.8% of the company's stock are short sold.
View Microchip Technology's Short Interest.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Microchip Technology.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) released its earnings results on Tuesday, August, 3rd. The semiconductor company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.04. The semiconductor company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. Microchip Technology had a trailing twelve-month return on equity of 32.10% and a net margin of 8.40%. During the same quarter in the previous year, the business earned $0.78 earnings per share.
View Microchip Technology's earnings history.

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

Microchip Technology's stock was trading at $36.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MCHP shares have increased by 350.4% and is now trading at $165.29.
View which stocks have been most impacted by COVID-19.

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

Microchip Technology announced a quarterly dividend on Tuesday, August 3rd. Stockholders of record on Friday, August 20th will be paid a dividend of $0.2185 per share on Friday, September 3rd. This represents a $0.87 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, August 19th.
View Microchip Technology's dividend history.

Is Microchip Technology a good dividend stock?

Microchip Technology pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.08%. Microchip Technology 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 of Microchip Technology is 29.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Microchip Technology will have a dividend payout ratio of 20.83% 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 issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 17th. The company provided EPS guidance of $2.050-$2.170 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.990. The company issued revenue guidance of $1.62 billion-$1.68 billion, compared to the consensus revenue estimate of $1.59 billion.

What price target have analysts set for MCHP?

18 Wall Street analysts have issued 1-year price objectives for Microchip Technology's shares. Their forecasts range from $62.50 to $105.00. On average, they expect Microchip Technology's stock price to reach $90.97 in the next twelve months. This suggests that the stock has a possible downside of 45.0%.
View analysts' price targets for Microchip Technology or view top-rated stocks among Wall Street analysts.

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following people:

• Ganesh Moorthy, President, Chief Executive Officer & Director
• James Eric Bjornholt, Senior VP, Chief Financial & Accounting Officer (LinkedIn Profile)
• Kimberly van Herk, Secretary, Vice President & General Counsel
• Mitchell R. Little, Senior Vice President-Worldwide Client Engagement (LinkedIn Profile)
• Stephen V. Drehobl, Senior Vice President-MCU8 & MCU16 Business Units

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.

Who are some of Microchip Technology's key competitors?

Some companies that are related to Microchip Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Marvell Technology (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB) and Power Integrations (POWI).
View all of MCHP's 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), 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.28%), Price T Rowe Associates Inc. MD (6.55%), Dodge & Cox (5.31%), Principal Financial Group Inc. (1.99%), Geode Capital Management LLC (1.75%) and Northern Trust Corp (1.31%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl and Wade F Meyercord.
View institutional ownership trends for Microchip Technology.

Which major investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Dodge & Cox, Mar Vista Investment Partners LLC, Los Angeles Capital Management LLC, Principal Financial Group Inc., Massachusetts Financial Services Co. MA, Cibc World Markets Corp, Canada Pension Plan Investment Board, and Man Group plc. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, John P Sexton, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology or view top insider-selling stocks.

Which major investors are buying Microchip Technology stock?

MCHP stock was acquired by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Vanguard Group Inc., NZS Capital LLC, UBS Asset Management Americas Inc., Geode Capital Management LLC, Susquehanna International Group LLP, Cubist Systematic Strategies LLC, and Ardevora Asset Management LLP.
View insider buying and selling activity for Microchip Technology or or view top insider-buying stocks.

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.
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What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $165.29.

How much money does Microchip Technology make?

Microchip Technology has a market capitalization of $45.30 billion and generates $5.44 billion in revenue each year. The semiconductor company earns $349.40 million in net income (profit) each year or $5.86 on an earnings per share basis.

How many employees does Microchip Technology have?

Microchip Technology employs 19,500 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, MCHP Technology Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Ireland Limited, Microchip Technology LLC, Microsemi, Microsemi - IOM Limited, Microsemi Corp. - Holding 2, Microsemi Corp. – Holding, Microsemi Corporation, Microsemi SoC Corp., Microsemi Solutions SDN BHD., Microsemi Solutions UK Limited, Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Silicon Storage Technology Inc., Supertex, Tekron, and ZeroG Wireless.

When was Microchip Technology founded?

Microchip Technology was founded in 1989.

What is Microchip Technology's official website?

The official website for Microchip Technology is www.microchip.com.

Where are Microchip Technology's headquarters?

Microchip Technology is headquartered at 2355 W CHANDLER BLVD, CHANDLER AZ, 85224.

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].