Microchip Technology - MCHP Stock Forecast, Price & News

17 Wall Street 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 analysts is that investors should "buy" MCHP shares.
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17 Wall Street research analysts have issued 12-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 stock price to reach $90.58 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
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Microchip Technology's stock was trading at $70.25 at the beginning of the year. Since then, MCHP shares have increased by 13.1% and is now trading at $79.43.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our MCHP earnings forecast.

Microchip Technology Incorporated (NASDAQ:MCHP) posted its earnings results on Thursday, November, 4th. The semiconductor company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.01. The semiconductor company earned $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. Microchip Technology had a trailing twelve-month return on equity of 50.01% and a net margin of 25.73%. Microchip Technology's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS.
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Microchip Technology announced a quarterly dividend on Thursday, February 2nd. Investors 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 annualized dividend and a yield of 1.80%. 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.

ETFs with the largest weight of Microchip Technology (NASDAQ:MCHP) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), Columbia Seligman Semiconductor and Technology ETF (SEMI), Strive U.S. Semiconductor ETF (SHOC), iShares Semiconductor ETF (SOXX), Invesco Dynamic Market ETF (PWC), Invesco PHLX Semiconductor ETF (SOXQ), Janus Henderson US Sustainable Equity ETF (SSPX) and VanEck Semiconductor ETF (SMH).

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.43 per share and currently has a dividend yield of 1.74%. 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.

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.

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 shareholders include T. Rowe Price Investment Management Inc. (4.13%), Aristotle Capital Management LLC (3.18%), Geode Capital Management LLC (2.10%), Principal Financial Group Inc. (1.81%), Boston Partners (1.45%) and Macquarie Group Ltd. (1.40%). Insiders that own company stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Karlton D Johnson, 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 $79.43.

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $43.51 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.

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.