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

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$83.01 +1.22 (+1.49 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$83.01
Today's Range$79.76 - $83.22
52-Week Range$78.33 - $104.20
Volume4.56 million shs
Average Volume2.84 million shs
Market Capitalization$20.59 billion
P/E Ratio15.99
Dividend Yield1.77%
Beta1.13
Microchip Technology logoMicrochip 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.96
Current Ratio1.32
Quick Ratio0.80

Price-To-Earnings

Trailing P/E Ratio15.99
Forward P/E Ratio13.43
P/E Growth1.01

Sales & Book Value

Annual Sales$3.98 billion
Price / Sales4.91
Cash Flow$8.1864 per share
Price / Cash10.14
Book Value$14.00 per share
Price / Book5.93

Profitability

EPS (Most Recent Fiscal Year)$5.19
Net Income$255.40 million
Net Margins2.85%
Return on Equity36.33%
Return on Assets12.59%

Miscellaneous

Employees14,234
Outstanding Shares235,560,000
Market Cap$20.59 billion

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 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.

How were Microchip Technology's earnings last quarter?

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.

When is Microchip Technology's next earnings date?

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

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

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.

What price target have analysts set for MCHP?

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.

What is the consensus analysts' recommendation 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.

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 rate MCHP as a Buy with a $125 price target and would be opportunistic on potential near-term price pressure." (8/12/2018)
  • 2. According to Zacks Investment Research, "Microchip develops and manufacturers microcontrollers, memory and analog and interface products for embedded control systems. Microchip is benefiting from robust demand for 8-bit, 16-bit and 32-bit microcontrollers. We believe that Microchip's expanding product portfolio driven by new launches will continue to expand customer base. Additionally, the company expanded collaboration with Amazon Web services to support AWS offerings as well as develop secure cloud system. Shares have outperformed the industry in the past year. Moreover, the company has a positive record of earnings surprises in recent quarters. However, increasing lead time and significant exposure to Asian markets remain major headwinds. A stretched valuation is also a concern." (8/1/2018)
  • 3. Needham & Company LLC analysts commented, "Yesterday MCHP hosted its annual investor day. With end markets strong, limited risk of double ordering, and continued progress on its analog attach strategy, much of the discussion revolved around its bid for Microsemi. We believe that the major reason for the acquisition is the expansion of customers and end markets (while remaining accretive from day one). While the deal will be primarily funded with debt (driving net debt/EBITDA to 4.7x) we believe that MCHP will be quick to delever. Furthermore we estimate $300M in synergies, non-GAAP accretion of $1.75 over the next few years, and earnings power of ~$8 per share. Reiterate Strong Buy." (3/2/2018)

Are investors shorting 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.

Who are some of Microchip Technology's key competitors?

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the folowing people:
  • Mr. Stephen Sanghi, CEO & Chairman (Age 62)
  • Mr. Ganesh Moorthy, Pres & COO (Age 58)
  • Mr. James Eric Bjornholt, VP & CFO (Age 47)
  • Mr. Mitchell R. Little, VP of Worldwide Sales & Applications (Age 66)
  • Mr. Stephen V. Drehobl, VP of MCU8 & Technology Devel. Division (Age 57)

Has Microchip Technology been receiving favorable news coverage?

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.

Who are Microchip Technology's major shareholders?

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.

Which institutional investors are selling Microchip Technology stock?

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.

Which institutional investors are buying Microchip Technology stock?

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.

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, Scottrade, Fidelity and Charles Schwab.

What is Microchip Technology's stock price today?

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

How big of a company is Microchip Technology?

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.

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:  3.1 out of 5 (star star star)
Outperform Votes:  587 (Vote Outperform)
Underperform Votes:  350 (Vote Underperform)
Total Votes:  937
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 8/18/2018 by MarketBeat.com Staff

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