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NASDAQ:MCHP

Microchip Technology - MCHP Stock Forecast, Price & News

$72.69
+1.00 (+1.39%)
(As of 08/18/2022 05:26 PM ET)
Add
Compare
Today's Range
$71.15
$73.38
50-Day Range
$56.14
$74.28
52-Week Range
$54.33
$90.00
Volume
4.25 million shs
Average Volume
5.00 million shs
Market Capitalization
$40.16 billion
P/E Ratio
26.72
Dividend Yield
1.53%
Price Target
$89.73

Microchip Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
23.1% Upside
$89.73 Price Target
Short Interest
Healthy
2.40% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
1.07mentions of Microchip Technology in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$597,211 Sold Last Quarter
Proj. Earnings Growth
2.23%
From $5.38 to $5.50 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.49 out of 5 stars

Computer And Technology Sector

3rd out of 660 stocks

Semiconductors & Related Devices Industry

1st out of 97 stocks

MCHP stock logo

About Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. The company offers general purpose 8-bit, 16-bit, and 32-bit microcontrollers; 32-bit embedded microprocessors markets; and specialized microcontrollers for automotive, industrial, computing, communications, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity applications. It also provides development tools that enable system designers to program microcontroller and microprocessor products for specific applications; field-programmable gate array (FPGA) products; and analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, discrete diodes and metal oxide semiconductor field effect transistors (MOSFETS), radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products. In addition, the company offers memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, serial static random access memories, and serial electrically erasable random access memories for the production of very small footprint devices; and licenses its SuperFlash embedded flash and NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, analog, and neuromorphic compute products that require embedded non-volatile memory, as well as provides engineering services. Further, it offers wafer foundry and assembly, and test subcontracting manufacturing services; and timing systems products, application specific integrated circuits, and aerospace products. Microchip Technology Incorporated was incorporated in 1989 and is headquartered in Chandler, Arizona.

Wall Street Analysts Forecast Growth

MCHP has been the topic of several recent analyst reports. Bank of America dropped their target price on Microchip Technology from $85.00 to $74.00 and set a "buy" rating on the stock in a report on Wednesday, June 29th. StockNews.com upgraded shares of Microchip Technology from a "hold" rating to a "buy" rating in a research note on Tuesday, May 17th. The Goldman Sachs Group decreased their price objective on shares of Microchip Technology from $76.00 to $61.00 in a research note on Friday, July 15th. Morgan Stanley lifted their target price on Microchip Technology from $81.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 3rd. Finally, B. Riley upped their target price on Microchip Technology from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Microchip Technology presently has an average rating of "Moderate Buy" and a consensus price target of $89.73.

Microchip Technology Trading Down 3.2 %

Shares of MCHP opened at $71.69 on Thursday. The stock's fifty day simple moving average is $63.73 and its 200 day simple moving average is $68.26. The firm has a market capitalization of $39.61 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62. The company has a current ratio of 1.78, a quick ratio of 1.17 and a debt-to-equity ratio of 1.27. Microchip Technology has a twelve month low of $54.33 and a twelve month high of $90.00.

Microchip Technology (NASDAQ:MCHP - Get Rating) last posted its earnings results on Tuesday, August 2nd. The semiconductor company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.10. Microchip Technology had a net margin of 21.34% and a return on equity of 44.90%. During the same quarter in the previous year, the company earned $0.88 EPS. On average, equities research analysts forecast that Microchip Technology will post 5.38 earnings per share for the current year.

Microchip Technology Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given a $0.301 dividend. This is an increase from Microchip Technology's previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Thursday, August 18th. Microchip Technology's dividend payout ratio (DPR) is presently 40.44%.

Insider Activity

In other news, VP Mitchell R. Little sold 3,674 shares of the business's stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $66.66, for a total value of $244,908.84. Following the sale, the vice president now owns 13,056 shares of the company's stock, valued at approximately $870,312.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Microchip Technology news, VP Mitchell R. Little sold 3,674 shares of Microchip Technology stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $66.66, for a total transaction of $244,908.84. Following the transaction, the vice president now directly owns 13,056 shares in the company, valued at approximately $870,312.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Matthew W. Chapman sold 1,000 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $66.66, for a total transaction of $66,660.00. Following the transaction, the director now directly owns 36,386 shares in the company, valued at $2,425,490.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,000 shares of company stock valued at $466,620. 2.00% of the stock is currently owned by insiders.

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MCHP Stock News Headlines

Microchip Technology (NASDAQ:MCHP) PT Raised to $72.00 at Cowen
Where Microchip Technology Stands With Analysts
Microchip Technology Q1 Profit Surges
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MCHP Company Calendar

Ex-Dividend for 6/3 Dividend
5/19/2022
Dividend Payable
6/03/2022
Last Earnings
8/02/2022
Today
8/18/2022
Ex-Dividend for 9/2 Dividend
8/18/2022
Dividend Payable
9/02/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:MCHP
CUSIP
59501710
Employees
21,000
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$89.73
High Stock Price Forecast
$125.00
Low Stock Price Forecast
$61.00
Forecasted Upside/Downside
+23.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
21 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
25.39%

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$6.37 per share
Book Value
$10.82 per share

Miscellaneous

Free Float
541,434,000
Market Cap
$40.16 billion
Optionable
Optionable
Beta
1.62

Social Links


Key Executives

  • Mr. Stephen SanghiMr. Stephen Sanghi (Age 66)
    Exec. Chair
    Comp: $1.81M
  • Mr. Ganesh MoorthyMr. Ganesh Moorthy (Age 62)
    CEO, Pres & Director
    Comp: $2.22M
  • Mr. James Eric BjornholtMr. James Eric Bjornholt (Age 51)
    Sr. VP & CFO
    Comp: $570.9k
  • Mr. Richard J. SimoncicMr. Richard J. Simoncic (Age 58)
    Sr. VP of Analog Power & Interface Bus. Units
    Comp: $588.75k
  • Mr. Stephen V. DrehoblMr. Stephen V. Drehobl (Age 61)
    Sr. VP of MCU8 & MCU16 Bus. Units
    Comp: $669.97k
  • Mari Valenzuela
    Gen. Counsel
  • Ms. Lauren A. Carr
    Sr. VP of Global HR
  • Mr. Michael A. Finley
    Sr. VP of Fab Operations
  • Mr. Mitchel Obolsky
    Sr. VP of Networking and Data Center Bus. Units
  • Mr. Mathew B. Bunker
    Sr. VP of Back-End Operations













MCHP Stock - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

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

What is Microchip Technology's stock price forecast for 2022?

21 brokerages have issued 1-year target prices for Microchip Technology's stock. Their MCHP share price forecasts range from $61.00 to $125.00. On average, they predict the company's share price to reach $89.73 in the next year. This suggests a possible upside of 25.2% from the stock's current price.
View analysts price targets for MCHP
or view top-rated stocks among Wall Street analysts.

How have MCHP shares performed in 2022?

Microchip Technology's stock was trading at $87.06 at the beginning of the year. Since then, MCHP stock has decreased by 17.7% and is now trading at $71.69.
View the best growth stocks for 2022 here
.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our MCHP earnings forecast
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) released its earnings results on Tuesday, August, 2nd. The semiconductor company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.10. Microchip Technology had a net margin of 21.34% and a trailing twelve-month return on equity of 44.90%. During the same quarter last year, the firm earned $0.88 EPS.

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

Microchip Technology announced a quarterly dividend on Tuesday, August 2nd. Investors of record on Friday, August 19th will be given a dividend of $0.301 per share on Friday, September 2nd. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, August 18th. This is an increase from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for MCHP
.

Is Microchip Technology a good dividend stock?

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.10 per share and currently has a dividend yield of 1.49%. 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 40.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 20.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCHP.

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

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 EPS 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.

What is Steve Sanghi's approval rating as Microchip Technology's CEO?

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.

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

What is Microchip Technology's stock symbol?

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

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include Dodge & Cox (5.83%), Price T Rowe Associates Inc. MD (4.71%), Principal Financial Group Inc. (1.80%), Macquarie Group Ltd. (1.52%), Northern Trust Corp (1.35%) and Van ECK Associates Corp (0.83%). 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.
View institutional ownership trends
.

How do I buy shares of Microchip Technology?

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.
Compare Top Brokerages Here.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $71.69.

How much money does Microchip Technology make?

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $39.61 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.

How many employees does Microchip Technology have?

The company employs 21,000 workers across the globe.

Does Microchip Technology have any subsidiaries?
The following companies are subsidiares of Microchip Technology: Atmel, EqcoLogic, HI-TECH Software, IDENT Technology, ISSC Technologies Corp, LegUp Computing, MBarb Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Caldicot Limited, Microchip Technology Ireland Limited, Microchip Technology LLC, Microchip Technology Malta Limited, Microsemi, Microsemi Corp. – Holding, Microsemi Corp. – Holding 2, Microsemi Corporation, Microsemi IOM Limited, Microsemi SoC Corp., Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.
Read More
When was Microchip Technology founded?

Microchip Technology was founded in 1989.

How can I contact Microchip Technology?

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.

This page (NASDAQ:MCHP) was last updated on 8/18/2022 by MarketBeat.com Staff

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