Microchip Technology - MCHP Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last twelve months. There are currently 4 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCHP shares.
View MCHP analyst ratings or view top-rated stocks.

21 brokerages have issued 12-month target prices for Microchip Technology's stock. Their MCHP share price forecasts range from $61.00 to $125.00. On average, they expect the company's stock price to reach $89.73 in the next twelve months. This suggests a possible upside of 34.5% from the stock's current price.
View analysts price targets for MCHP or view top-rated stocks among Wall Street analysts.

Microchip Technology's stock was trading at $87.06 on January 1st, 2022. Since then, MCHP shares have decreased by 23.4% and is now trading at $66.70.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MCHP earnings forecast.

Microchip Technology Incorporated (NASDAQ:MCHP) posted its earnings results on Tuesday, August, 2nd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The semiconductor company earned $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. Microchip Technology had a trailing twelve-month return on equity of 44.90% and a net margin of 21.34%. During the same period last year, the company earned $0.88 EPS.

Microchip Technology declared a quarterly dividend on Tuesday, August 2nd. Investors of record on Friday, August 19th will be paid a dividend of $0.301 per share on Friday, September 2nd. This represents a $1.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 18th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for MCHP.

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.89%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 21.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

Microchip Technology issued an update on its second quarter 2023 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of $1.42-$1.46 for the period, compared to the consensus estimate of $1.34. The company issued revenue guidance of $2.02 billion-$2.10 billion, compared to the consensus revenue estimate of $1.96 billion.

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.

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).

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

Microchip Technology's stock is owned by a number of institutional and retail investors. Top institutional investors include Boltwood Capital Management (0.01%), Bowling Portfolio Management LLC (0.00%), Symmetry Partners LLC (0.00%), Fulton Bank N.A. (0.00%) and AdvisorNet Financial Inc (0.00%). Insiders that own company stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Karlton D Johnson, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord.
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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.
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One share of MCHP stock can currently be purchased for approximately $66.70.

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $36.85 billion and generates $6.82 billion in revenue each year. The semiconductor company earns $1.29 billion in net income (profit) each year or $2.72 on an earnings per share basis.

The company employs 21,000 workers across the globe.

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.