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

$108.13
-1.69 (-1.54 %)
(As of 02/21/2020 01:21 AM ET)
Today's Range
$107.09
Now: $108.13
$109.54
50-Day Range
$97.48
MA: $107.01
$111.21
52-Week Range
$77.66
Now: $108.13
$112.47
Volume1.28 million shs
Average Volume2.91 million shs
Market Capitalization$25.90 billion
P/E Ratio42.74
Dividend Yield1.34%
Beta1.47
Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit microprocessors; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$10.78 per share
Book Value$23.45 per share

Profitability

Net Income$355.90 million

Miscellaneous

Employees18,286
Market Cap$25.90 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

What is Microchip Technology's stock symbol?

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

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

Microchip Technology announced a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.367 per share on Friday, March 6th. This represents a $1.47 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Microchip Technology's previous quarterly dividend of $0.37. View Microchip Technology's Dividend History.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) issued its quarterly earnings results on Tuesday, February, 4th. The semiconductor company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.06. The semiconductor company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. Microchip Technology had a return on equity of 23.87% and a net margin of 12.23%. Microchip Technology's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 EPS. View Microchip Technology's Earnings History.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Microchip Technology.

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

Microchip Technology issued an update on its fourth quarter earnings guidance on Tuesday, February, 4th. The company provided earnings per share guidance of $1.35-1.51 for the period, compared to the Thomson Reuters consensus estimate of $1.39. The company issued revenue guidance of $1.313-1.403 billion, compared to the consensus revenue estimate of $1.35 billion.

What price target have analysts set for MCHP?

18 Wall Street analysts have issued twelve-month price targets for Microchip Technology's shares. Their forecasts range from $87.93 to $140.00. On average, they expect Microchip Technology's share price to reach $117.23 in the next year. This suggests a possible upside of 8.4% from the stock's current price. View Analyst Price Targets for Microchip Technology.

What is the consensus analysts' recommendation for Microchip Technology?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 hold ratings, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Microchip Technology.

What are Wall Street analysts saying about Microchip Technology stock?

Here are some recent quotes from research analysts about Microchip Technology stock:
  • 1. According to Zacks Investment Research, "Microchip is benefiting from strength in microcontroller business. The company is well poised to gain from strong demand for memory and analog and interface products. We believe that the company’s expanding portfolio driven by new product roll outs will continue to expand customer base. Moreover, it is well poised to capitalize on synergies from accretive Microsemi and Atmel acquisitions. However, Microchip is bearing the brunt of increasing lead time, slim demand trends in ZTE and Bitcoin business domains. Further, Huawei ban and significant exposure to Asian markets amid imposition of tariff owing to the United States and China trade war is likely to weigh on margin expansion. Moreover, significant debt burden amid increasing expenses on product development remain major concerns." (1/7/2020)
  • 2. Rosenblatt Securities analysts commented, "We reiterate our Buy rating for MCHP with a $115 price target which remains unchanged." (8/7/2019)

Has Microchip Technology been receiving favorable news coverage?

Press coverage about MCHP stock has been trending somewhat positive on Thursday, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. 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 media sentiment score of 2.0 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Microchip Technology.

Are investors shorting Microchip Technology?

Microchip Technology saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 34,240,000 shares, an increase of 7.9% from the January 15th total of 31,730,000 shares. Based on an average trading volume of 2,420,000 shares, the short-interest ratio is currently 14.1 days. Approximately 14.7% of the company's stock are sold short. View Microchip Technology's Current Options Chain.

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), Alibaba Group (BABA), Applied Materials (AMAT), Lam Research (LRCX), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Netflix (NFLX) and Broadcom (AVGO).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the folowing people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 63)
  • Mr. Ganesh Moorthy, Pres & COO (Age 59)
  • Mr. James Eric Bjornholt, Sr. VP & CFO (Age 48)
  • Mr. Mitchell R. Little, Sr. VP of Worldwide Client Engagement (Age 67)
  • Mr. Stephen V. Drehobl, Sr. VP of MCU8 and MCU16 Bus. Units (Age 58)

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include Janus Henderson Group PLC (5.43%), Principal Financial Group Inc. (2.41%), Lyrical Asset Management LP (1.32%), Massachusetts Financial Services Co. MA (1.07%), Pictet Asset Management Ltd. (1.03%) and Platinum Investment Management Ltd. (0.86%). 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.

Which institutional investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Barrow Hanley Mewhinney & Strauss LLC, Lyrical Asset Management LP, Partner Fund Management L.P., Schroder Investment Management Group, AXA, Jennison Associates LLC and TD Asset Management Inc.. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, L B Day and Richard J Simoncic. View Insider Buying and Selling for Microchip Technology.

Which institutional investors are buying Microchip Technology stock?

MCHP stock was bought by a variety of institutional investors in the last quarter, including Pictet Asset Management Ltd., Janus Henderson Group PLC, Point72 Asset Management L.P., First Trust Advisors LP, Westfield Capital Management Co. LP, Public Employees Retirement Association of Colorado, Kornitzer Capital Management Inc. KS and Van ECK Associates Corp. View Insider Buying and Selling 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 $108.13.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $25.90 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.

What is Microchip Technology's official website?

The official website for Microchip Technology is http://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]


MarketBeat Community Rating for Microchip Technology (NASDAQ MCHP)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  743 (Vote Outperform)
Underperform Votes:  623 (Vote Underperform)
Total Votes:  1,366
MarketBeat's community ratings are surveys of what our community members think about Microchip Technology and other stocks. Vote "Outperform" if you believe MCHP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCHP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/21/2020 by MarketBeat.com Staff

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