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. Investors of record on Monday, May 21st will be paid a dividend of $0.3635 per share on Monday, June 4th. This represents a $1.45 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, May 18th. This is a positive change from Microchip Technology's previous quarterly dividend of $0.36. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) issued its quarterly earnings results on Tuesday, May, 8th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.27 by $0.13. The semiconductor company earned $1 billion during the quarter, compared to the consensus estimate of $984.80 million. Microchip Technology had a net margin of 6.41% and a return on equity of 38.62%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. 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 issued an update on 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 EPS 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 brokers have issued 1 year price targets for Microchip Technology's shares. Their predictions range from $68.78 to $135.00. On average, they expect Microchip Technology's stock price to reach $110.9843 in the next twelve months. View Analyst Ratings for Microchip Technology.

Microchip Technology saw a increase in short interest during 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 volume of 1,771,356 shares, the days-to-cover ratio is currently 17.1 days. Approximately 13.2% of the shares of the company are short sold.

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).

Headlines about MCHP stock have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Microchip Technology earned a daily sentiment score of 0.20 on Accern's scale. They also gave news coverage about the semiconductor company an impact score of 46.10 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Microchip Technology's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 $101.64.

Microchip Technology has a market capitalization of $23.97 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]