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NASDAQ:MCHPMicrochip Technology Stock Price, Forecast & News

$100.26
+1.29 (+1.30 %)
(As of 08/10/2020 04:00 PM ET)
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Today's Range
$98.44
Now: $100.26
$100.33
50-Day Range
$98.50
MA: $103.48
$107.88
52-Week Range
$53.15
Now: $100.26
$113.28
Volume1.68 million shs
Average Volume2.52 million shs
Market Capitalization$25.31 billion
P/E Ratio40.10
Dividend Yield1.49%
Beta1.57
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. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices. In addition, the company licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, and analog products that require embedded non-volatile memory, as well as provides engineering services. Further, it provides wafer foundry and assembly and test subcontracting manufacturing services; and application specific integrated circuits, complex programmable logic devices, and aerospace products. It serves automotive, communications, computing, consumer, aerospace, defense, safety, security, medical, and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.02 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MCHP
CUSIP59501710
Phone480-792-7200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.27 billion
Cash Flow$11.33 per share
Book Value$23.32 per share

Profitability

Net Income$570.60 million

Miscellaneous

Employees18,000
Market Cap$25.31 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$100.26
+1.29 (+1.30 %)
(As of 08/10/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

How has Microchip Technology's stock been impacted by COVID-19 (Coronavirus)?

Microchip Technology's stock was trading at $73.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MCHP stock has increased by 36.6% and is now trading at $100.26.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Microchip Technology?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 hold ratings, 18 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Microchip Technology
.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) posted its quarterly earnings results on Tuesday, August, 4th. The semiconductor company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.44 by $0.12. The semiconductor company earned $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Microchip Technology had a return on equity of 24.31% and a net margin of 12.23%. The business's revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share.
View Microchip Technology's earnings history
.

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

Microchip Technology declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 21st will be paid a dividend of $0.368 per share on Friday, September 4th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, August 20th. This is an increase from Microchip Technology's previous quarterly dividend of $0.37.
View Microchip Technology's dividend history
.

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

Microchip Technology updated its second quarter earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of $1.30-1.52 for the period, compared to the Thomson Reuters consensus estimate of $1.41. The company issued revenue guidance of $1.205-1.310 billion, compared to the consensus revenue estimate of $1.28 billion.

What price target have analysts set for MCHP?

23 analysts have issued 1-year price targets for Microchip Technology's shares. Their forecasts range from $95.00 to $130.00. On average, they expect Microchip Technology's share price to reach $115.14 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
View analysts' price targets for Microchip Technology
.

Has Microchip Technology been receiving favorable news coverage?

Media stories about MCHP stock have trended positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Microchip Technology earned a coverage optimism score of 2.8 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future.
View the latest news about Microchip Technology
.

Who are some of Microchip Technology's key competitors?

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), Alibaba Group (BABA), QUALCOMM (QCOM), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Applied Materials (AMAT), salesforce.com (CRM) and Broadcom (AVGO).

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following 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)

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 investors include Mint Tower Capital Management B.V. (2.69%), Principal Financial Group Inc. (2.34%), Platinum Investment Management Ltd. (0.95%), Sumitomo Mitsui Trust Holdings Inc. (0.71%), Coho Partners Ltd. (0.65%) and Frontier Capital Management Co. LLC (0.59%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl and Wade F Meyercord.
View institutional ownership trends for Microchip Technology
.

Which major investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Platinum Investment Management Ltd., First Trust Advisors LP, Fenimore Asset Management Inc., State of Alaska Department of Revenue, Frontier Capital Management Co. LLC, Wisconsin Capital Management LLC, New York State Common Retirement Fund, and Atlantic Union Bankshares Corp. Company insiders that have sold Microchip Technology company stock in the last year include Ganesh Moorthy, James Eric Bjornholt, Mitchell R Little, Richard J Simoncic, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology
.

Which major investors are buying Microchip Technology stock?

MCHP stock was bought by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., Rafferty Asset Management LLC, TimesSquare Capital Management LLC, Heritage Wealth Advisors, Victory Capital Management Inc., Glaxis Capital Management LLC, Lannebo Fonder AB, and Jacobi Capital Management LLC.
View insider buying and selling activity 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 $100.26.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $25.31 billion and generates $5.27 billion in revenue each year. The semiconductor company earns $570.60 million in net income (profit) each year or $5.18 on an earnings per share basis. Microchip Technology employs 18,000 workers across the globe.

What is Microchip Technology's official website?

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

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]

This page was last updated on 8/11/2020 by MarketBeat.com Staff

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