QQQ   271.36 (+0.11%)
AAPL   446.83 (+1.49%)
MSFT   213.11 (+0.08%)
FB   262.01 (+5.17%)
GOOGL   1,491.50 (+0.84%)
AMZN   3,196.05 (-0.28%)
NVDA   449.52 (-0.43%)
CGC   18.29 (-4.79%)
BABA   260.50 (-1.66%)
TSLA   1,490.63 (+0.38%)
MU   48.86 (-4.31%)
GE   6.32 (-1.25%)
AMD   86.06 (+0.88%)
T   29.83 (-0.07%)
F   6.95 (-0.14%)
ACB   10.27 (-4.11%)
GILD   68.80 (-0.29%)
NFLX   503.90 (+0.36%)
DIS   127.47 (-0.11%)
BAC   25.46 (+0.28%)
BA   172.82 (-0.84%)
QQQ   271.36 (+0.11%)
AAPL   446.83 (+1.49%)
MSFT   213.11 (+0.08%)
FB   262.01 (+5.17%)
GOOGL   1,491.50 (+0.84%)
AMZN   3,196.05 (-0.28%)
NVDA   449.52 (-0.43%)
CGC   18.29 (-4.79%)
BABA   260.50 (-1.66%)
TSLA   1,490.63 (+0.38%)
MU   48.86 (-4.31%)
GE   6.32 (-1.25%)
AMD   86.06 (+0.88%)
T   29.83 (-0.07%)
F   6.95 (-0.14%)
ACB   10.27 (-4.11%)
GILD   68.80 (-0.29%)
NFLX   503.90 (+0.36%)
DIS   127.47 (-0.11%)
BAC   25.46 (+0.28%)
BA   172.82 (-0.84%)
QQQ   271.36 (+0.11%)
AAPL   446.83 (+1.49%)
MSFT   213.11 (+0.08%)
FB   262.01 (+5.17%)
GOOGL   1,491.50 (+0.84%)
AMZN   3,196.05 (-0.28%)
NVDA   449.52 (-0.43%)
CGC   18.29 (-4.79%)
BABA   260.50 (-1.66%)
TSLA   1,490.63 (+0.38%)
MU   48.86 (-4.31%)
GE   6.32 (-1.25%)
AMD   86.06 (+0.88%)
T   29.83 (-0.07%)
F   6.95 (-0.14%)
ACB   10.27 (-4.11%)
GILD   68.80 (-0.29%)
NFLX   503.90 (+0.36%)
DIS   127.47 (-0.11%)
BAC   25.46 (+0.28%)
BA   172.82 (-0.84%)
QQQ   271.36 (+0.11%)
AAPL   446.83 (+1.49%)
MSFT   213.11 (+0.08%)
FB   262.01 (+5.17%)
GOOGL   1,491.50 (+0.84%)
AMZN   3,196.05 (-0.28%)
NVDA   449.52 (-0.43%)
CGC   18.29 (-4.79%)
BABA   260.50 (-1.66%)
TSLA   1,490.63 (+0.38%)
MU   48.86 (-4.31%)
GE   6.32 (-1.25%)
AMD   86.06 (+0.88%)
T   29.83 (-0.07%)
F   6.95 (-0.14%)
ACB   10.27 (-4.11%)
GILD   68.80 (-0.29%)
NFLX   503.90 (+0.36%)
DIS   127.47 (-0.11%)
BAC   25.46 (+0.28%)
BA   172.82 (-0.84%)
Log in

NASDAQ:MCHPMicrochip Technology Stock Price, Forecast & News

$98.76
+0.26 (+0.26 %)
(As of 08/6/2020 12:13 PM ET)
Add
Compare
Today's Range
$97.53
Now: $98.76
$99.00
50-Day Range
$100.05
MA: $103.98
$107.88
52-Week Range
$53.15
Now: $98.76
$113.28
Volume47,413 shs
Average Volume2.51 million shs
Market Capitalization$24.93 billion
P/E Ratio39.50
Dividend Yield1.37%
Beta1.57
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.
Read More
Microchip Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.14 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$10.30 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Miscellaneous

Employees18,000
Market Cap$24.93 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$98.76
+0.26 (+0.26 %)
(As of 08/6/2020 12:13 PM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive MCHP News and Ratings via Email

Sign-up to receive the latest news and ratings for MCHP and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











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. Since then, MCHP shares have increased by 34.7% and is now trading at $98.88.
View which stocks have been most impacted by Coronavirus
.

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

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 hold ratings, 18 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, November 3rd 2020.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) issued its quarterly earnings data on Tuesday, August, 4th. The semiconductor company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.44 by $0.12. The semiconductor company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Microchip Technology had a net margin of 12.23% and a return on equity of 24.29%. The firm's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share.
View Microchip Technology's earnings history
.

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

Microchip Technology declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 21st will be given a dividend of $0.368 per share on Friday, September 4th. This represents a $1.47 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, August 20th. This is an increase 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 second quarter earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of $1.30-1.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41. The company issued revenue guidance of $1.205-1.310 billion, compared to the consensus revenue estimate of $1.28 billion.

What price target have analysts set for MCHP?

23 brokers have issued 1-year price objectives for Microchip Technology's shares. Their forecasts range from $95.00 to $130.00. On average, they expect Microchip Technology's share price to reach $114.91 in the next twelve months. This suggests a possible upside of 16.2% 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's fiscal first-quarter revenues declined year over year on sluggishness across industrial and automotive verticals owing to coronavirus-induced macroeconomic weakness. Moreover, softness in FPGA domain impacted top-line performance. Also, bleak view for fiscal second quarter remains a concern. Notably, shares of Microchip have underperformed the industry in the year-to-date period. However, strength in the medical end market, driven by growth in demand for hospital equipment, holds promise. Further, improving demand across office equipment and communication infrastructures, amid the coronavirus crisis-led work-from-home wave also bodes well. Microchip is also expected to benefit from dominance of its 8, 16 and 32-bit microcontrollers. Nevertheless, significant debt burden amid increasing expenses on product development are major woes." (8/6/2020)
  • 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?

News coverage about MCHP stock has trended negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Microchip Technology earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Microchip 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), Cisco Systems (CSCO), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Lam Research (LRCX) and Netflix (NFLX).

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 shareholders include Principal Financial Group Inc. (2.34%), Sumitomo Mitsui Trust Holdings Inc. (0.71%), Coho Partners Ltd. (0.65%), Frontier Capital Management Co. LLC (0.59%), Public Employees Retirement Association of Colorado (0.42%) and Swiss National Bank (0.38%). 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, 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 First Trust Advisors LP, Fenimore Asset Management Inc., State of Alaska Department of Revenue, Frontier Capital Management Co. LLC, Atlantic Union Bankshares Corp, Hallmark Capital Management Inc., Strs Ohio, and Andra AP fonden. Company insiders that have sold Microchip Technology company stock in the last year include Ganesh Moorthy, James Eric Bjornholt, Mitchell R Little, Richard J Simoncic, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology
.

Which major investors are buying Microchip Technology stock?

MCHP stock was acquired by a variety of institutional investors in the last quarter, including Heritage Wealth Advisors, Glaxis Capital Management LLC, Jacobi Capital Management LLC, ProShare Advisors LLC, NN Investment Partners Holdings N.V., Robeco Institutional Asset Management B.V., Fort Washington Investment Advisors Inc. OH, and NN Investment Partners Holdings N.V..
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 $98.88.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $24.96 billion and generates $5.27 billion in revenue each year. The semiconductor company earns $570.60 million in net income (profit) each year or $5.18 on an earnings per share basis. Microchip Technology employs 18,000 workers across the globe.

What is Microchip Technology's official website?

The official website for Microchip Technology is 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 8/6/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.