NASDAQ:MCHP - Microchip Technology Stock Price, Price Target & More

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

Microchip Technology announced a quarterly dividend on Tuesday, May 8th. Stockholders of record on Monday, May 21st will be given a dividend of $0.3635 per share on Monday, June 4th. This represents a $1.45 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 18th. This is an increase from Microchip Technology's previous quarterly dividend of $0.36. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) released its quarterly earnings data on Tuesday, May, 8th. The semiconductor company reported $1.40 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.27 by $0.13. The semiconductor company had revenue of $1 billion for the quarter, compared to analyst estimates of $984.80 million. Microchip Technology had a net margin of 6.41% and a return on equity of 38.62%. Microchip Technology's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share. View Microchip Technology's Earnings History.

Microchip Technology is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Microchip Technology.

Microchip Technology updated its first quarter earnings guidance on Tuesday, May, 8th. The company provided earnings per share guidance of $1.39-1.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of $1.012-1.062 billion, compared to the consensus revenue estimate of $1.03 billion.

15 Wall Street analysts have issued 1 year target prices for Microchip Technology's stock. Their forecasts range from $68.78 to $135.00. On average, they anticipate Microchip Technology's share price to reach $110.9843 in the next twelve months. View Analyst Ratings for Microchip Technology.

Microchip Technology saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 30,312,757 shares, an increase of 1.2% from the May 15th total of 30,674,301 shares. Based on an average daily trading volume, of 1,771,356 shares, the days-to-cover ratio is presently 17.1 days. Approximately 13.2% of the company's shares are short sold. View Microchip Technology's Current Options Chain.

Some companies that are related to Microchip Technology include Micron Technology (MU), Applied Materials (AMAT), NXP Semiconductors (NXPI), Analog Devices (ADI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL) and ON Semiconductor (ON).

News articles about MCHP stock have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Microchip Technology earned a media sentiment score of 0.33 on Accern's scale. They also gave headlines about the semiconductor company an impact score of 46.04 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Microchip Technology's stock is owned by many different of retail and institutional investors. Top institutional investors include Barings LLC (3.43%), Principal Financial Group Inc. (2.40%), Aristotle Capital Management LLC (2.18%), Barrow Hanley Mewhinney & Strauss LLC (1.63%), Northern Trust Corp (1.38%) and Massachusetts Financial Services Co. MA (1.34%). Company insiders that own Microchip Technology stock include Esther Johnson, James Eric Bjornholt, L B Day, 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 Alkeon Capital Management LLC, Victory Capital Management Inc., Federated Investors Inc. PA, MUFG Americas Holdings Corp, Candriam Luxembourg S.C.A., GW&K Investment Management LLC, Robecosam AG and Honeywell International Inc.. Company insiders that have sold Microchip Technology company stock in the last year include Esther Johnson, James Eric Bjornholt, Mitchell R Little, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Insider Buying and Selling for Microchip Technology.

MCHP stock was purchased by a variety of institutional investors in the last quarter, including Barings LLC, Mar Vista Investment Partners LLC, Platinum Investment Management Ltd., Aristotle Capital Management LLC, Van ECK Associates Corp, Maplelane Capital LLC, Summit Trail Advisors LLC and Korea Investment 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, Scottrade, Fidelity and Charles Schwab.

One share of MCHP stock can currently be purchased for approximately $96.91.

Microchip Technology has a market capitalization of $23.79 billion and generates $3.98 billion in revenue each year. Microchip Technology employs 14,234 workers across the globe.

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]