Microchip Technology Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Microchip Technology stock.
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Microchip Technology saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 4,700,000 shares, a drop of 19.7% from the August 15th total of 5,850,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.8% of the company's shares are sold short.
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Microchip Technology is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Microchip Technology.

Microchip Technology Incorporated (NASDAQ:MCHP) issued its earnings results on Tuesday, August, 3rd. The semiconductor company reported $1.98 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.91 by $0.07. The semiconductor company earned $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. Microchip Technology had a net margin of 8.40% and a trailing twelve-month return on equity of 32.10%. During the same quarter in the previous year, the firm posted $1.56 EPS.
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Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MCHP shares have increased by 113.2% and is now trading at $156.51.
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Microchip Technology announced a quarterly dividend on Tuesday, August 3rd. Investors of record on Friday, August 20th will be given a dividend of $0.437 per share on Friday, September 3rd. This represents a $1.75 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, August 19th. This is a positive change from Microchip Technology's previous quarterly dividend of $0.41.
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Microchip Technology pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.09%. The dividend payout ratio of Microchip Technology is 29.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Microchip Technology will have a dividend payout ratio of 20.83% next year. This indicates that Microchip Technology will be able to sustain or increase its dividend.
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Microchip Technology issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 17th. The company provided earnings per share guidance of $2.050-$2.170 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.990. The company issued revenue guidance of $1.62 billion-$1.68 billion, compared to the consensus revenue estimate of $1.59 billion.

19 brokerages have issued 1 year price objectives for Microchip Technology's stock. Their forecasts range from $125.00 to $210.00. On average, they anticipate Microchip Technology's stock price to reach $182.12 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
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534 employees have rated Microchip Technology CEO Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among Microchip Technology's employees.

Some companies that are related to Microchip Technology include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Marvell Technology (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), Lattice Semiconductor (LSCC), Power Integrations (POWI) and Silicon Laboratories (SLAB).
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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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.28%), Price T Rowe Associates Inc. MD (6.55%), Dodge & Cox (5.31%), Principal Financial Group Inc. (1.99%), Geode Capital Management LLC (1.75%) and Northern Trust Corp (1.31%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl 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 Dodge & Cox, Mar Vista Investment Partners LLC, Los Angeles Capital Management LLC, Principal Financial Group Inc., Massachusetts Financial Services Co. MA, Cibc World Markets Corp, Canada Pension Plan Investment Board, and Man Group plc. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, John P Sexton, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology or view top insider-selling stocks.

MCHP stock was bought by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Vanguard Group Inc., NZS Capital LLC, UBS Asset Management Americas Inc., Geode Capital Management LLC, Susquehanna International Group LLP, Cubist Systematic Strategies LLC, and Ardevora Asset Management LLP.
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Shares of MCHP 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 $156.51.

Microchip Technology has a market capitalization of $42.89 billion and generates $5.44 billion in revenue each year. The semiconductor company earns $349.40 million in net income (profit) each year or $5.86 on an earnings per share basis.

Microchip Technology employs 19,500 workers across the globe.

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

Microchip Technology was founded in 1989.

The official website for Microchip Technology is www.microchip.com.

Microchip Technology is headquartered at 2355 W CHANDLER BLVD, CHANDLER AZ, 85224.

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].