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

$104.20
+1.22 (+1.18 %)
(As of 01/28/2020 04:00 PM ET)
Today's Range
$103.58
Now: $104.20
$105.16
50-Day Range
$98.29
MA: $106.01
$111.21
52-Week Range
$77.66
Now: $104.20
$112.47
Volume1.98 million shs
Average Volume3.37 million shs
Market Capitalization$24.90 billion
P/E Ratio68.11
Dividend Yield1.43%
Beta1.43
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.35 billion
Cash Flow$10.36 per share
Book Value$22.31 per share

Profitability

Net Income$355.90 million

Miscellaneous

Employees18,286
Market Cap$24.90 billion
Next Earnings Date2/4/2020 (Confirmed)
OptionableOptionable

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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, November 5th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.366 per share on Thursday, December 5th. This represents a $1.46 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 20th. View Microchip Technology's Dividend History.

How were Microchip Technology's earnings last quarter?

Microchip Technology Inc. (NASDAQ:MCHP) issued its earnings results on Tuesday, November, 5th. The semiconductor company reported $1.43 EPS for the quarter, topping the Zacks' consensus estimate of $1.30 by $0.13. The semiconductor company earned $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. Microchip Technology had a return on equity of 25.60% and a net margin of 7.15%. The company's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.81 EPS. View Microchip Technology's Earnings History.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Microchip Technology.

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

Microchip Technology issued an update on its third quarter 2020 After-Hours earnings guidance on Monday, January, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.281-1.288 billion, compared to the consensus revenue estimate of $1.27 billion.

What price target have analysts set for MCHP?

17 brokerages have issued twelve-month target prices for Microchip Technology's shares. Their forecasts range from $87.93 to $130.00. On average, they anticipate Microchip Technology's share price to reach $111.18 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for Microchip Technology.

What is the consensus analysts' recommendation for Microchip Technology?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 5 hold ratings, 11 buy ratings and 1 strong buy rating 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. According to Zacks Investment Research, "Microchip is benefiting from strength in microcontroller business. The company is well poised to gain from strong demand for memory and analog and interface products. We believe that the company’s expanding portfolio driven by new product roll outs will continue to expand customer base. Moreover, it is well poised to capitalize on synergies from accretive Microsemi and Atmel acquisitions. However, Microchip is bearing the brunt of increasing lead time, slim demand trends in ZTE and Bitcoin business domains. Further, Huawei ban and significant exposure to Asian markets amid imposition of tariff owing to the United States and China trade war is likely to weigh on margin expansion. Moreover, significant debt burden amid increasing expenses on product development remain major concerns." (1/7/2020)
  • 2. Rosenblatt Securities analysts commented, "We reiterate our Buy rating for MCHP with a $115 price target which remains unchanged." (8/7/2019)

Has Microchip Technology been receiving favorable news coverage?

Media headlines about MCHP stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Microchip Technology earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock's share price in the immediate future. View News Stories for 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), Applied Materials (AMAT), Lam Research (LRCX), Cisco Systems (CSCO), Netflix (NFLX), Broadcom (AVGO) and Adobe (ADBE).

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 institutional and retail investors. Top institutional shareholders include SPF Beheer BV (0.35%), Fenimore Asset Management Inc. (0.34%), Davis R M Inc. (0.24%), California Public Employees Retirement System (0.23%), New York State Teachers Retirement System (0.14%) and Gateway Investment Advisers LLC (0.07%). 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 major investors are selling Microchip Technology stock?

MCHP stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Exane Derivatives, Villere ST Denis J & Co. LLC, Gateway Investment Advisers LLC, Columbus Circle Investors, Brookmont Capital Management and California Public Employees Retirement System. 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 and Richard J Simoncic. View Insider Buying and Selling 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 SPF Beheer BV, Deltec Asset Management LLC, Arizona State Retirement System, State of Alaska Department of Revenue, Steward Partners Investment Advisory LLC, Sciencast Management LP, Strs Ohio and Fenimore Asset Management Inc.. 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 $104.20.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $24.90 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?

The official website for Microchip Technology is http://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]


MarketBeat Community Rating for Microchip Technology (NASDAQ MCHP)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  725 (Vote Outperform)
Underperform Votes:  596 (Vote Underperform)
Total Votes:  1,321
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.
This page was last updated on 1/28/2020 by MarketBeat.com Staff

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