S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
A gold storm is coming… (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Route to Super Bowl dangerous for Mexico's avocado haulers
A gold storm is coming… (Ad)
Iraqi currency crash halts after meeting with U.S. official
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
A gold storm is coming… (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Route to Super Bowl dangerous for Mexico's avocado haulers
A gold storm is coming… (Ad)
Iraqi currency crash halts after meeting with U.S. official
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
A gold storm is coming… (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Route to Super Bowl dangerous for Mexico's avocado haulers
A gold storm is coming… (Ad)
Iraqi currency crash halts after meeting with U.S. official
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
A gold storm is coming… (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Route to Super Bowl dangerous for Mexico's avocado haulers
A gold storm is coming… (Ad)
Iraqi currency crash halts after meeting with U.S. official
Europe bans Russian diesel, other oil products over Ukraine
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
How will EU ban and West's price cap on Russian diesel work?
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
NASDAQ:MCHP

Microchip Technology - MCHP Stock Forecast, Price & News

$85.34
+0.81 (+0.96%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$83.51
$87.76
50-Day Range
$67.87
$85.34
52-Week Range
$54.33
$87.76
Volume
8.94 million shs
Average Volume
4.49 million shs
Market Capitalization
$46.94 billion
P/E Ratio
23.13
Dividend Yield
1.54%
Price Target
$84.85

Microchip Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
5.5% Upside
$90.00 Price Target
Short Interest
Healthy
2.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.22
Upright™ Environmental Score
News Sentiment
0.73mentions of Microchip Technology in the last 14 days
Based on 38 Articles This Week
Insider Trading
Selling Shares
$59,829 Sold Last Quarter
Proj. Earnings Growth
-1.77%
From $5.66 to $5.56 Per Share

Overall MarketRank

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

3.05 out of 5 stars

Computer And Technology Sector

18th out of 610 stocks

Semiconductors & Related Devices Industry

2nd out of 89 stocks

MCHP stock logo

About Microchip Technology (NASDAQ:MCHP) Stock

Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment is involved in designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one-time programmable technologies. The company was founded on February 14, 1989, and is headquartered in Chandler, AZ.

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MCHP Stock News Headlines

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Microchip Technology (NASDAQ:MCHP) Price Target Raised to $99.00
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Microchip Technology (MCHP) to Release Earnings on Thursday
Microchip Technology Is Booting Up
See More Headlines
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MCHP Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 12/6 Dividend
11/21/2022
Dividend Payable
12/06/2022
Today
2/05/2023
Ex-Dividend for 3/7 Dividend
2/17/2023
Dividend Payable
3/07/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/08/2023

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
$90.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$72.00
Forecasted Upside/Downside
-0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
18 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
29.67%

Debt

Sales & Book Value

Annual Sales
$6.82 billion
Cash Flow
$6.49 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
539,009,000
Market Cap
$46.94 billion
Optionable
Optionable
Beta
1.59

Social Links


Key Executives

  • Ganesh MoorthyGanesh Moorthy
    President, Chief Executive Officer & Director
  • James Eric BjornholtJames Eric Bjornholt
    Senior VP, Chief Financial & Accounting Officer
  • Kimberly van Herk
    Secretary, Vice President & General Counsel
  • Stephen V. DrehoblStephen V. Drehobl
    Senior Vice President-MCU8 & MCU16 Business Units
  • Richard J. SimoncicRichard J. Simoncic
    SVP-32-bit MCU, MPU & Wireless Business Units













MCHP Stock - Frequently Asked Questions

Should I buy or sell Microchip Technology stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 12 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 2023?

18 brokers have issued 12 month price objectives for Microchip Technology's shares. Their MCHP share price forecasts range from $72.00 to $110.00. On average, they predict the company's stock price to reach $90.00 in the next year. This suggests a possible upside of 5.5% 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 2023?

Microchip Technology's stock was trading at $70.25 at the beginning of the year. Since then, MCHP shares have increased by 21.5% and is now trading at $85.34.
View the best growth stocks for 2023 here
.

Are investors shorting Microchip Technology?

Microchip Technology saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 13,600,000 shares, a decline of 13.4% from the December 31st total of 15,700,000 shares. Based on an average daily trading volume, of 4,770,000 shares, the short-interest ratio is presently 2.9 days.
View Microchip Technology's Short Interest
.

When is Microchip Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our MCHP earnings forecast
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) posted its quarterly earnings data on Thursday, November, 4th. The semiconductor company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. The semiconductor company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.65 billion. Microchip Technology had a trailing twelve-month return on equity of 50.67% and a net margin of 25.73%. The company's quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share.
Read the conference call transcript
.

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

Microchip Technology declared a quarterly dividend on Thursday, February 2nd. Shareholders of record on Tuesday, February 21st will be paid a dividend of $0.358 per share on Tuesday, March 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, February 17th. This is a boost from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for MCHP
.

Is Microchip Technology a good dividend stock?

Microchip Technology (NASDAQ:MCHP) pays an annual dividend of $1.31 per share and currently has a dividend yield of 1.54%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 35.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCHP will have a dividend payout ratio of 23.56% 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 fourth quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $1.61-$1.63 for the period, compared to the consensus 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.

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 a number of retail and institutional investors. Top institutional investors include Coho Partners Ltd. (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.51%), Allspring Global Investments Holdings LLC (0.47%), Mizuho Markets Americas LLC (0.00%), Fenimore Asset Management Inc. (0.24%) and Bank of Montreal Can (0.14%). 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.
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 $85.34.

How much money does Microchip Technology make?

Microchip Technology (NASDAQ:MCHP) has a market capitalization of $46.94 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.

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 Solutions Sdn. Bhd., Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Supertex, Tekron, and ZeroG Wireless.
Read More
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 2/5/2023 by MarketBeat.com Staff