NASDAQ:MCHP - Microchip Technology Stock Price, News, & Analysis

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

Microchip Technology declared a quarterly dividend on Thursday, August 9th. Stockholders of record on Tuesday, August 21st will be paid a dividend of $0.364 per share on Tuesday, September 4th. This represents a $1.46 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Monday, August 20th. This is a boost from Microchip Technology's previous quarterly dividend of $0.36. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) issued its earnings results on Thursday, August, 9th. The semiconductor company reported $1.61 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.48 by $0.13. The semiconductor company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Microchip Technology had a net margin of 2.85% and a return on equity of 36.33%. The firm's revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 earnings per share. View Microchip Technology's Earnings History.

Microchip Technology is scheduled to release their next quarterly earnings announcement on Monday, November, 5th 2018. View Earnings Estimates for Microchip Technology.

Microchip Technology issued an update on its second quarter earnings guidance on Thursday, August, 9th. The company provided earnings per share (EPS) guidance of $1.65-1.83 for the period, compared to the Thomson Reuters consensus estimate of $1.67. The company issued revenue guidance of $1.474-1.55 billion, compared to the consensus revenue estimate of $1.58 billion.

16 equities research analysts have issued 1-year target prices for Microchip Technology's stock. Their predictions range from $103.00 to $150.00. On average, they expect Microchip Technology's stock price to reach $115.8750 in the next year. This suggests a possible upside of 39.6% from the stock's current price. View Analyst Price Targets for Microchip Technology.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Microchip Technology.

Microchip Technology saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 31,032,337 shares, an increase of 2.6% from the July 13th total of 30,260,146 shares. Based on an average daily volume of 1,652,573 shares, the days-to-cover ratio is presently 18.8 days. Approximately 13.5% of the company's shares are short sold. View Microchip Technology's Current Options Chain.

Some companies that are related to Microchip Technology include Micron Technology (MU), Applied Materials (AMAT), Analog Devices (ADI), NXP Semiconductors (NXPI), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYO), Advanced Micro Devices (AMD), STMicroelectronics (STM), Xilinx (XLNX), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Qorvo (QRVO) and ASE INDL HLDG C/S (ASX).

Press coverage about MCHP stock has trended somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Microchip Technology earned a media and rumor sentiment score of 0.12 on Accern's scale. They also assigned news coverage about the semiconductor company an impact score of 45.69 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Microchip Technology.

Microchip Technology's stock is owned by a number of of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (5.49%), Massachusetts Financial Services Co. MA (1.31%), Waddell & Reed Financial Inc. (1.30%), OppenheimerFunds Inc. (0.74%), Coho Partners Ltd. (0.66%) and Victory Capital Management Inc. (0.65%). Company insiders that own Microchip Technology stock include Esther Johnson, Ganesh Moorthy, James Eric Bjornholt, L B Day, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, Steve Sanghi 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 Osterweis Capital Management Inc., Voya Investment Management LLC, United Services Automobile Association, Fred Alger Management Inc., State Treasurer State of Michigan, Waddell & Reed Financial Inc., CIBC Private Wealth Group LLC and Oribel Capital Management LP. Company insiders that have sold Microchip Technology company stock in the last year include Esther Johnson, James Eric Bjornholt, Mitchell R Little, Stephen V Drehobl, Steve Sanghi and Wade F Meyercord. View Insider Buying and Selling for Microchip Technology.

MCHP stock was acquired by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, OppenheimerFunds Inc., Millennium Management LLC, Janus Henderson Group PLC, Point72 Asset Management L.P., State of New Jersey Common Pension Fund D, Ardevora Asset Management LLP and Victory Capital Management Inc.. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of MCHP stock can currently be purchased for approximately $83.01.

Microchip Technology has a market capitalization of $20.59 billion and generates $3.98 billion in revenue each year. The semiconductor company earns $255.40 million in net income (profit) each year or $5.19 on an earnings per share basis. Microchip Technology employs 14,234 workers across the globe.

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]