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, February 4th. Investors 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 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, February 20th. This is a boost from Microchip Technology's previous quarterly dividend of $0.37. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) issued its quarterly earnings data on Tuesday, February, 4th. The semiconductor company reported $1.32 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.26 by $0.06. The semiconductor company earned $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Microchip Technology had a return on equity of 23.87% and a net margin of 12.23%. The company's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. View Microchip Technology's Earnings History.

Microchip Technology is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Microchip Technology.

Microchip Technology issued an update on 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 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.

18 equities research analysts have issued twelve-month price objectives for Microchip Technology's shares. Their forecasts range from $87.93 to $140.00. On average, they anticipate Microchip Technology's share price to reach $117.23 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price. View Analyst Price Targets for Microchip Technology.

18 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Microchip Technology.

Media coverage about MCHP stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Microchip Technology earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Microchip Technology.

Microchip Technology saw a increase in short interest in January. As of January 31st, there was short interest totalling 34,240,000 shares, an increase of 7.9% from the January 15th total of 31,730,000 shares. Based on an average daily trading volume, of 2,420,000 shares, the days-to-cover ratio is presently 14.1 days. Currently, 14.7% of the shares of the stock are short sold. View Microchip Technology's Current Options Chain.

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), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) and Cirrus Logic (CRUS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Microchip Technology investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), Applied Materials (AMAT), Lam Research (LRCX), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Netflix (NFLX) and Broadcom (AVGO).

Microchip Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (5.43%), Principal Financial Group Inc. (2.41%), Lyrical Asset Management LP (1.32%), Massachusetts Financial Services Co. MA (1.07%), Pictet Asset Management Ltd. (1.03%) and Platinum Investment Management Ltd. (0.86%). 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 Daiwa Securities Group Inc., Barrow Hanley Mewhinney & Strauss LLC, Lyrical Asset Management LP, Partner Fund Management L.P., Schroder Investment Management Group, AXA, Jennison Associates LLC and TD Asset Management Inc.. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, L B Day and Richard J Simoncic. View Insider Buying and Selling for Microchip Technology.

MCHP stock was purchased by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., Janus Henderson Group PLC, Point72 Asset Management L.P., First Trust Advisors LP, Westfield Capital Management Co. LP, Public Employees Retirement Association of Colorado, Kornitzer Capital Management Inc. KS and Van ECK Associates Corp. 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 $108.99.

Microchip Technology has a market capitalization of $26.11 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]