Microchip Technology Incorporated Company Profile (NASDAQ:MCHP)

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

Microchip Technology Incorporated announced a quarterly dividend on Thursday, August 3rd. Investors of record on Monday, August 21st will be paid a dividend of $0.362 per share on Tuesday, September 5th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, August 17th. This is a boost from Microchip Technology Incorporated's previous quarterly dividend of $0.36. View Microchip Technology Incorporated's Dividend History.

Microchip Technology Incorporated (NASDAQ:MCHP) released its quarterly earnings data on Thursday, August, 3rd. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.17. The business had revenue of $972.10 million for the quarter, compared to analysts' expectations of $944.87 million. Microchip Technology Incorporated had a return on equity of 34.33% and a net margin of 12.53%. The firm's revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 EPS. View Microchip Technology Incorporated's Earnings History.

Microchip Technology Incorporated is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Microchip Technology Incorporated.

Microchip Technology Incorporated updated its second quarter earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $1.33-1.37 for the period, compared to the Thomson Reuters consensus estimate of $1.27. The company issued revenue guidance of $1.001 billion, compared to the consensus revenue estimate of $963.92 million.

15 brokerages have issued 12 month price targets for Microchip Technology Incorporated's shares. Their forecasts range from $57.00 to $120.00. On average, they expect Microchip Technology Incorporated's stock price to reach $89.29 in the next year. View Analyst Ratings for Microchip Technology Incorporated.

Here are some recent quotes from research analysts about Microchip Technology Incorporated stock:

• 1. Needham & Company LLC analysts commented, "Microchip saw growth in all business segments, across all geographies, and all end markets. Importantly, the company is raising its organic business growth target to 7%-9%, up from the mid-single digits due to tight supply in the market and, we believe, further leverage via the consolidation of Atmel’s business creating a strong pricing environment(MCHP a total system solution provider, ATML had poor pricing discipline, consolidated industry has better pricing discipline). Furthermore we see its unsupported backlog increasing as demand cannot be filled enough. Lead times are expected to remain extended until F1Q19. Not due to double ordering." (8/4/2017)
• 2. Mizuho analysts commented, "We were able to briefly catch up with MCHP management and, while we believe JunQ orders are strong, capacity constraints may be driving some challenges into the SepQ. Maintaining our Neutral, but raising estimates and our PT to $80. While MCHP is executing well under CEO Steve Sanghi, we believe at ~16x P/E the stock is fairly valued. With strong FCF we expect MCHP to focus on continuing M&A. MCHP noted broad strength in multiple verticals industrial, automotive which could be a positive for CY and ON. KeyPoints MCHP tightened its guidance to the high end of its range. MCHP narrowed its JunQ guide towards the higher end of the range given out on the MarQ earnings call." (6/7/2017)
• 3. According to Zacks Investment Research, "Microchip is one of the better-positioned companies in the semiconductor industry based on its product strength. The company's expanding product portfolio enables it to continuously outperform the broader industry. We believe that the company's impressive third-quarter fiscal 2017 results and positive outlook will help it sustain momentum going ahead. Moreover, acquisitions like that of Atmel are likely to expand its geographical presence, augment customer base, extend product portfolio and supplement operational excellence. We note that the company has outperformed the broader industry in the past one-year. However, high integration costs continue to be a drag on profitability. The semiconductor industry is also intensely competitive and is characterized by price erosion and rapid technological change." (2/10/2017)

Microchip Technology Incorporated saw a increase in short interest in July. As of July 31st, there was short interest totalling 25,421,129 shares, an increase of 2.3% from the July 14th total of 24,838,511 shares. Based on an average daily trading volume, of 1,802,398 shares, the short-interest ratio is currently 14.1 days. Approximately 11.2% of the shares of the company are sold short.

Some companies that are related to Microchip Technology Incorporated include Micron Technology (MU), Analog Devices (ADI), NXP Semiconductors N.V. (NXPI), Xilinx (XLNX), STMicroelectronics N.V. (STM), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Microsemi Corporation (MSCC), Coherent (COHR), Jabil Circuit (JBL) and Semiconductor Manufacturing International Corporation (SMI).

Microchip Technology Incorporated's management team includes the folowing people:

• Steve Sanghi, Chairman of the Board, Chief Executive Officer
• Ganesh Moorthy, President, Chief Operating Officer
• James Eric Bjornholt, Chief Financial Officer, Vice President
• Mitchell R. Little, Vice President - Worldwide Sales and Applications
• Stephen V. Drehobl, Vice President - MCU8 and Technology Development Division
• Richard J. Simoncic, Vice President - Analog Power and Interface Products Division
• Matthew W. Chapman, Independent Director
• L. B. Day, Independent Director
• Esther L. Johnson, Independent Director
• Wade F. Meyercord, Independent Director

Microchip Technology Incorporated's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.30%), State Street Corp (3.85%), Janus Henderson Group PLC (3.47%), Principal Financial Group Inc. (2.74%), Voya Investment Management LLC (1.74%) and Fred Alger Management Inc. (1.44%). Company insiders that own Microchip Technology Incorporated stock include 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 Incorporated.

Microchip Technology Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, FMR LLC, Nicholas Investment Partners LP, AGF Investments Inc., Sei Investments Co., Nomura Holdings Inc., Epoch Investment Partners Inc. and Miller Howard Investments Inc. NY. Company insiders that have sold Microchip Technology Incorporated stock in the last year include James Eric Bjornholt, L B Day, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Insider Buying and Selling for Microchip Technology Incorporated.

Microchip Technology Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Principal Financial Group Inc., Fred Alger Management Inc., Vanguard Group Inc., Ameriprise Financial Inc., Renaissance Technologies LLC, Harbour Capital Advisors LLC and Oakmont Corp. View Insider Buying and Selling for Microchip Technology Incorporated.

Shares of Microchip Technology Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Microchip Technology Incorporated stock can currently be purchased for approximately $81.53.