S&P 500   4,109.31
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QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
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UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
What’s At Stake In April is Shocking (Ad)pixel
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
What’s At Stake In April is Shocking (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Lanterns and crescents: more retailers court Ramadan buyers
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
What’s At Stake In April is Shocking (Ad)pixel
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
What’s At Stake In April is Shocking (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Lanterns and crescents: more retailers court Ramadan buyers
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
What’s At Stake In April is Shocking (Ad)pixel
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
What’s At Stake In April is Shocking (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Lanterns and crescents: more retailers court Ramadan buyers
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
What’s At Stake In April is Shocking (Ad)pixel
UK travelers face hours-long waits for ferries to France
Intensity and insults rise as lawmakers debate debt ceiling
What’s At Stake In April is Shocking (Ad)pixel
Credit Suisse takeover hits heart of Swiss banking, identity
Small areas reopen near Fukushima nuclear plant, few return
What’s At Stake In April is Shocking (Ad)pixel
'War of the states': EV, chip makers lavished with subsidies
Lanterns and crescents: more retailers court Ramadan buyers
NASDAQ:MCHP

Microchip Technology - MCHP Stock Forecast, Price & News

$83.78
+1.00 (+1.21%)
(As of 03/31/2023 12:00 AM ET)
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Compare
Today's Range
$82.25
$83.92
50-Day Range
$75.68
$86.52
52-Week Range
$54.33
$87.76
Volume
3.12 million shs
Average Volume
5.16 million shs
Market Capitalization
$45.89 billion
P/E Ratio
22.70
Dividend Yield
1.71%
Price Target
$90.58

Microchip Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
8.1% Upside
$90.58 Price Target
Short Interest
Bearish
3.48% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
1.02mentions of Microchip Technology in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.97%
From $5.73 to $5.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Computer And Technology Sector

87th out of 618 stocks

Semiconductors & Related Devices Industry

13th out of 87 stocks


MCHP stock logo

About Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment is involved in designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one-time programmable technologies. The company was founded on February 14, 1989, and is headquartered in Chandler, AZ.

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MCHP Stock News Headlines

Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Microchip Technology Incorporated
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
MCHP Microchip Technology Incorporated
See More Headlines
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MCHP Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 3/7 Dividend
2/17/2023
Dividend Payable
3/07/2023
Today
4/01/2023
Next Earnings (Estimated)
5/08/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
21,000
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$90.58
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
32.14%

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$6.73 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
536,840,000
Market Cap
$45.89 billion
Optionable
Optionable
Beta
1.58

Social Links


Key Executives

  • Ganesh MoorthyGanesh Moorthy
    President, Chief Executive Officer & Director
  • James Eric BjornholtJames Eric Bjornholt
    Senior VP, Chief Financial & Accounting Officer
  • Kimberly van Herk
    Secretary, Vice President & General Counsel
  • Stephen V. DrehoblStephen V. Drehobl
    Senior Vice President-MCU8 & MCU16 Business Units
  • Richard J. SimoncicRichard J. Simoncic
    SVP-32-bit MCU, MPU & Wireless Business Units













MCHP Stock - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MCHP shares.
View MCHP analyst ratings
or view top-rated stocks.

What is Microchip Technology's stock price forecast for 2023?

17 Wall Street analysts have issued twelve-month price targets for Microchip Technology's stock. Their MCHP share price forecasts range from $72.00 to $110.00. On average, they anticipate the company's share price to reach $90.58 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for MCHP
or view top-rated stocks among Wall Street analysts.

How have MCHP shares performed in 2023?

Microchip Technology's stock was trading at $70.25 at the beginning of the year. Since then, MCHP shares have increased by 19.3% and is now trading at $83.78.
View the best growth stocks for 2023 here
.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our MCHP earnings forecast
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) issued its earnings results on Thursday, November, 4th. The semiconductor company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.06 by $0.01. The semiconductor company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Microchip Technology had a net margin of 25.73% and a trailing twelve-month return on equity of 50.01%. The company's quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS.
Read the conference call transcript
.

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

Microchip Technology announced a quarterly dividend on Thursday, February 2nd. Shareholders of record on Tuesday, February 21st will be given a dividend of $0.358 per share on Tuesday, March 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, February 17th. This is a boost from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for MCHP
.

Is Microchip Technology a good dividend stock?

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.43 per share and currently has a dividend yield of 1.77%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 24.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

What guidance has Microchip Technology issued on next quarter's earnings?

Microchip Technology issued an update on its fourth quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $1.61-$1.63 for the period, compared to the consensus earnings per share estimate of $1.58. The company issued revenue guidance of $2.19 billion-$2.26 billion, compared to the consensus revenue estimate of $2.19 billion.

What is Steve Sanghi's approval rating as Microchip Technology's CEO?

534 employees have rated Microchip Technology Chief Executive Officer Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among the company's employees.

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).

What is Microchip Technology's stock symbol?

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

How do I buy shares of Microchip Technology?

Shares of MCHP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $83.78.

How much money does Microchip Technology make?

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $45.89 billion and generates $6.82 billion in revenue each year. The semiconductor company earns $1.29 billion in net income (profit) each year or $3.69 on an earnings per share basis.

How many employees does Microchip Technology have?

The company employs 21,000 workers across the globe.

Does Microchip Technology have any subsidiaries?
The following companies are subsidiares of Microchip Technology: Atmel, EqcoLogic, HI-TECH Software, IDENT Technology, ISSC Technologies Corp, LegUp Computing, MBarb Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Caldicot Limited, Microchip Technology Ireland Limited, Microchip Technology LLC, Microchip Technology Malta Limited, Microsemi, Microsemi Corp. – Holding, Microsemi Corp. – Holding 2, Microsemi Corporation, Microsemi IOM Limited, Microsemi SoC Corp., Microsemi Solutions Sdn. Bhd., Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.
Read More
How can I contact Microchip Technology?

Microchip Technology's mailing address is 2355 W CHANDLER BLVD, CHANDLER AZ, 85224. The official website for the company is www.microchip.com. The semiconductor company can be reached via phone at (480) 792-7200, via email at ir@microchip.com, or via fax at 480-899-9210.

This page (NASDAQ:MCHP) was last updated on 4/1/2023 by MarketBeat.com Staff