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

$63.37
-4.43 (-6.53 %)
(As of 04/1/2020 12:57 PM ET)
Today's Range
$62.91
Now: $63.37
$66.97
50-Day Range
$55.77
MA: $86.38
$110.37
52-Week Range
$53.15
Now: $63.37
$112.47
Volume1.56 million shs
Average Volume6.56 million shs
Market Capitalization$15.18 billion
P/E Ratio25.05
Dividend Yield2.13%
Beta1.37
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. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices. In addition, the company licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, and analog products that require embedded non-volatile memory, as well as provides engineering services. Further, it provides wafer foundry and assembly and test subcontracting manufacturing services; and application specific integrated circuits, complex programmable logic devices, and aerospace products. It serves automotive, communications, computing, consumer, aerospace, defense, safety, security, medical, and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.
Read More
Microchip Technology logo

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$9.79 per share
Book Value$22.31 per share

Profitability

Net Income$355.90 million

Miscellaneous

Employees18,286
Market Cap$15.18 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

How has Microchip Technology's stock been impacted by COVID-19 (Coronavirus)?

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MCHP shares have decreased by 13.6% and is now trading at $63.41. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Microchip Technology?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Microchip Technology.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Microchip Technology.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) posted its earnings results on Tuesday, February, 4th. The semiconductor company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.26 by $0.06. The semiconductor company earned $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Microchip Technology had a return on equity of 23.87% and a net margin of 12.23%. Microchip Technology's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. View Microchip Technology's earnings history.

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

Microchip Technology declared a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 21st will be given a dividend of $0.367 per share on Friday, March 6th. This represents a $1.47 annualized dividend and a yield of 2.32%. 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.

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

Microchip Technology updated its fourth quarter earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of $1.35-1.51 for the period, compared to the Thomson Reuters consensus EPS 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?

20 brokers have issued 1-year price targets for Microchip Technology's shares. Their forecasts range from $70.00 to $140.00. On average, they anticipate Microchip Technology's share price to reach $109.15 in the next twelve months. This suggests a possible upside of 72.1% from the stock's current price. View analysts' price targets 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 very positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Microchip Technology earned a daily sentiment score of 4.0 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutMicrochip Technology.

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

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following 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)

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 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 $63.41.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $15.19 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:  759 (Vote Outperform)
Underperform Votes:  652 (Vote Underperform)
Total Votes:  1,411
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 4/1/2020 by MarketBeat.com Staff

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