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

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

Microchip Technology declared a quarterly dividend on Tuesday, November 5th. Shareholders 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 yield of 1.33%. The ex-dividend date is Wednesday, November 20th. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) issued its quarterly earnings results on Tuesday, November, 5th. The semiconductor company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.30 by $0.13. The semiconductor company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. Microchip Technology had a net margin of 7.15% and a return on equity of 25.60%. The business's revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous 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 analysts have issued 12 month price targets for Microchip Technology's stock. Their forecasts range from $87.93 to $130.00. On average, they expect Microchip Technology's share price to reach $111.18 in the next year. 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.

Media coverage about MCHP stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Microchip Technology earned a news sentiment score of 1.8 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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 variety of of institutional and retail investors. Top institutional shareholders include SPF Beheer BV (0.35%), Fenimore Asset Management Inc. (0.34%), Gateway Investment Advisers LLC (0.07%), First National Bank of Omaha (0.07%), Advisors Capital Management LLC (0.05%) and State of Alaska Department of Revenue (0.04%). 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, Enterprise Trust & Investment Co and Mainstay Capital Management LLC ADV. 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 bought 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 Campbell & CO Investment Adviser LLC. 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]