NASDAQ:MCHP - Microchip Technology Stock Price, Forecast & News

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

Microchip Technology announced a quarterly dividend on Tuesday, November 5th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.366 per share on Thursday, December 5th. This represents a $1.46 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, November 20th. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) posted its earnings results on Tuesday, November, 5th. The semiconductor company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. The semiconductor company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion. Microchip Technology had a net margin of 7.15% and a return on equity of 25.60%. Microchip Technology's quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.81 EPS. View Microchip Technology's Earnings History.

Microchip Technology is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Microchip Technology.

Microchip Technology updated its third quarter 2020 After-Hours earnings guidance on Monday, January, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.281-1.288 billion, compared to the consensus revenue estimate of $1.27 billion.

17 Wall Street analysts have issued 1-year price targets for Microchip Technology's stock. Their forecasts range from $87.93 to $130.00. On average, they anticipate Microchip Technology's share price to reach $111.18 in the next twelve months. This suggests a possible upside of 0.8% from the stock's current price. View Analyst Price Targets for Microchip Technology.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Microchip Technology.

News headlines about MCHP stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Microchip Technology earned a news impact score of 1.5 on InfoTrie's scale. They also gave 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 near term. View News Stories for Microchip Technology.

Some companies that are related to Microchip Technology include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Silicon Laboratories (SLAB).

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), Lam Research (LRCX), Cisco Systems (CSCO), Broadcom (AVGO), Netflix (NFLX) and Adobe (ADBE).

Microchip Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include SPF Beheer BV (0.35%), Fenimore Asset Management Inc. (0.34%), Davis R M Inc. (0.24%), Gateway Investment Advisers LLC (0.07%), First National Bank of Omaha (0.07%) and Advisors Capital Management LLC (0.05%). Company insiders that own Microchip Technology stock include Esther Johnson, Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Institutional Ownership Trends for Microchip Technology.

MCHP stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Exane Derivatives, Gateway Investment Advisers LLC, Brookmont Capital Management, First National Bank of Omaha, Davis R M Inc. and Enterprise Trust & Investment Co. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little and Richard J Simoncic. View Insider Buying and Selling for Microchip Technology.

MCHP stock was acquired by a variety of institutional investors in the last quarter, including SPF Beheer BV, State of Alaska Department of Revenue, Steward Partners Investment Advisory LLC, Sciencast Management LP, Fenimore Asset Management Inc., Rothschild Investment Corp IL, DNB Asset Management AS and Telos Capital Management Inc.. View Insider Buying and Selling for 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.

One share of MCHP stock can currently be purchased for approximately $110.26.

Microchip Technology has a market capitalization of $26.35 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.

The official website for Microchip Technology is http://www.microchip.com/.

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]