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NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$112.52
0.00 (0.00 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$111.72
Now: $112.52
$113.36
50-Day Range
$97.65
MA: $105.70
$114.13
52-Week Range
$53.15
Now: $112.52
$116.56
Volume954,045 shs
Average Volume3.14 million shs
Market Capitalization$28.41 billion
P/E Ratio45.01
Dividend Yield1.31%
Beta1.63
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications in the Americas, Europe, and Asia. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive, industrial, computing, communication, lighting, power supplies, motor control, human machine interface, security, and wired and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller products for specific applications; field-programmable gate array (FPGA) products; and analog, power, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and 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, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly and test subcontracting manufacturing services; and aerospace and timing systems products, application specific integrated circuits, and complex programmable logic devices. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.
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Microchip Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 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
Employees18,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$11.27 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Miscellaneous

Market Cap$28.41 billion
Next Earnings Date11/5/2020 (Confirmed)
OptionableOptionable
$112.52
0.00 (0.00 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

How has Microchip Technology's stock been impacted by Coronavirus?

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MCHP stock has increased by 53.3% and is now trading at $112.52.
View which stocks have been most impacted by COVID-19
.

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 3 hold ratings and 20 buy ratings 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 Thursday, November 5th 2020.
View our earnings forecast for Microchip Technology
.

How can I listen to Microchip Technology's earnings call?

Microchip Technology will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) released its quarterly earnings results on Tuesday, August, 4th. The semiconductor company reported $1.56 earnings per share for the quarter, beating the 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 24.31%. The company's revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 EPS.
View Microchip Technology's earnings history
.

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

Microchip Technology announced 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 dividend yield of 1.31%. 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 2021 Pre-Market earnings guidance on Wednesday, September, 9th. The company provided earnings per share guidance of 1.36-1.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of $1.231-1.284 billion, compared to the consensus revenue estimate of $1.26 billion.

What price target have analysts set for MCHP?

23 equities research analysts have issued 12 month price targets for Microchip Technology's shares. Their forecasts range from $95.00 to $131.00. On average, they anticipate Microchip Technology's share price to reach $117.29 in the next twelve months. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for 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), Intel (INTC), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), Applied Materials (AMAT), Lam Research (LRCX) and Broadcom (AVGO).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 64, Pay $1.75M)
  • Mr. Ganesh Moorthy, Pres & COO (Age 60, Pay $705.49k)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 49, Pay $359.51k)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 68, Pay $441.68k)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 & MCU16 Bus. Units (Age 59, Pay $401.93k)
  • Kimberly van Herk, VP, Gen. Counsel & Corp. Sec.
  • Mr. Rami Kanama, VP of Timing & Communication Group (Age 51)
  • Ms. Lauren A. Carr, Sr. VP of Global HR
  • Mr. Michael A. Finley, Sr. VP of Fab Operations
  • Mr. Richard J. Simoncic, Sr. VP of Analog Power & Interface Bus. Units (Age 56)

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 variety of retail and institutional investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.25%), Envestnet Asset Management Inc. (0.08%), Crossmark Global Holdings Inc. (0.04%), Retirement Systems of Alabama (0.04%), Nisa Investment Advisors LLC (0.04%) and Standard Life Aberdeen plc (0.04%). 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 institutional investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Standard Life Aberdeen plc, Redpoint Investment Management Pty Ltd, Nissay Asset Management Corp Japan ADV, Pacer Advisors Inc., Retirement Systems of Alabama, Townsend & Associates Inc, and Canandaigua National Corp. 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 institutional investors are buying Microchip Technology stock?

MCHP stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Envestnet Asset Management Inc., Crossmark Global Holdings Inc., Sycomore Asset Management, Fortem Financial Group LLC, Tributary Capital Management LLC, Gantzert Investment Co. LLC ADV, and Deltec Asset Management LLC.
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 $112.52.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $28.41 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 10/24/2020 by MarketBeat.com Staff

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