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.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone480-792-7200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$5.35 billion
Profitability
Miscellaneous
Employees18,286
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable
Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions
What is Microchip Technology's stock symbol?
Microchip Technology trades on the NASDAQ under the ticker symbol "MCHP."
How often does Microchip Technology pay dividends? What is the dividend yield for Microchip Technology?
Microchip Technology announced a quarterly dividend on Tuesday, August 6th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.366 per share on Wednesday, September 4th. This represents a $1.46 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, August 20th. This is a positive change from Microchip Technology's previous quarterly dividend of $0.37. View Microchip Technology's Dividend History.
How were Microchip Technology's earnings last quarter?
Microchip Technology Inc. (NASDAQ:MCHP) released its quarterly earnings data on Tuesday, August, 6th. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.16. The semiconductor company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Microchip Technology had a net margin of 6.79% and a return on equity of 27.79%. Microchip Technology's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.61 earnings per share. View Microchip Technology's Earnings History.
When is Microchip Technology's next earnings date?
What guidance has Microchip Technology issued on next quarter's earnings?
Microchip Technology issued an update on its second quarter earnings guidance on Tuesday, September, 3rd. The company provided EPS guidance of $1.37-1.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.44. The company issued revenue guidance of $1.323-1.375 billion, compared to the consensus revenue estimate of $1.35 billion.
What price target have analysts set for MCHP?
15 analysts have issued 1 year target prices for Microchip Technology's stock. Their forecasts range from $75.00 to $120.00. On average, they expect Microchip Technology's share price to reach $100.33 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Microchip Technology.
What is the consensus analysts' recommendation for Microchip Technology?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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. Rosenblatt Securities analysts commented, "We reiterate our Buy rating for MCHP with a $115 price target which remains unchanged." (8/7/2019)
- 2. According to Zacks Investment Research, "Microchip is benefiting from robust demand for 8-bit, 16-bit and 32-bit microcontrollers. Microchip also rides on strong demand for memory and analog and interface products. We believe that Microchip's expanding portfolio driven by new product roll outs will continue to expand customer base. Moreover, the company is well poised to capitalize on synergies from accretive Microsemi and Amtel acquisitions. However, Microchip is bearing the brunt of increasing lead time, slim demand trends in ZTE and Bitcoin business domains. Further, significant exposure to Asian markets amid imposition of tariff owing to trade war between the US and China is likely to weigh on margin expansion. Additionally, significant debt burden amid increasing expenses on product development remain major concerns." (7/25/2019)
- 3. Needham & Company LLC analysts commented, "MCHP reported strong 2Q19 results driven by growth across all segments. MCHP is doing a good job of integrating Microsemi and forecasts $8 of EPS in FY20. Unsurprisingly, there’s a temporary pause in auto due to the transition to the new emission standards in Europe and softness in China. While uncertainty still exists around the Chinese tariffs, MCHP has reduced MSCC and internal inventory to managed levels. We see growth drivers in Aerospace/Defense, continued synergies from MSCC and de-leveraging. With the stock down 20% YTD, we believe the shares are discounting much of this uncertainty." (11/8/2018)
Has Microchip Technology been receiving favorable news coverage?
News coverage about MCHP stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Microchip Technology earned a news sentiment score of -1.5 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Microchip Technology.
Are investors shorting Microchip Technology?
Microchip Technology saw a decline in short interest during the month of September. As of September 30th, there was short interest totalling 31,280,000 shares, a decline of 6.3% from the August 30th total of 33,390,000 shares. Based on an average daily trading volume, of 2,220,000 shares, the short-interest ratio is presently 14.1 days. Currently, 13.4% of the shares of the stock are short sold. View Microchip Technology's Current Options Chain.
Who are some of Microchip Technology's key competitors?
Some companies that are related to Microchip Technology include Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Advanced Micro Devices (AMD), TOKYO ELECTRON/ADR (TOELY), Xilinx (XLNX), Kyocera (KYOCY), Infineon Technologies (IFNNY), STMicroelectronics (STM), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), ASE Technology (ASX) and Advantest (ATEYY).
What other stocks do shareholders of Microchip Technology own?
Who are Microchip Technology's key executives?
Microchip Technology's management team includes the folowing 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)
Who are Microchip Technology's major shareholders?
Microchip Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include CIBC Private Wealth Group LLC (0.46%), Stephens Investment Management Group LLC (0.21%), Gateway Investment Advisers LLC (0.07%), Envestnet Asset Management Inc. (0.06%), Crossmark Global Holdings Inc. (0.05%) and State of Alaska Department of Revenue (0.03%). Company insiders that own Microchip Technology stock include Esther Johnson, 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.
Which institutional investors are selling Microchip Technology stock?
MCHP stock was sold by a variety of institutional investors in the last quarter, including Fulton Breakefield Broenniman LLC, Gateway Investment Advisers LLC, Tributary Capital Management LLC, Camelot Portfolios LLC, CIBC Private Wealth Group LLC, Exane Derivatives, Envestnet Asset Management Inc. and Optimum Investment Advisors. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic and Stephen V Drehobl. View Insider Buying and Selling for Microchip Technology.
Which institutional investors are buying Microchip Technology stock?
MCHP stock was purchased by a variety of institutional investors in the last quarter, including Stephens Investment Management Group LLC, State of Alaska Department of Revenue, Robeco Institutional Asset Management B.V., Biltmore Wealth Management LLC, Enterprise Trust & Investment Co, Pacer Advisors Inc., Nisa Investment Advisors LLC and Oakbrook Investments LLC. View Insider Buying and Selling for Microchip Technology.
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 $95.01.
How big of a company is Microchip Technology?
Microchip Technology has a market capitalization of $22.61 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?
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)
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.
