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

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

Microchip Technology announced a quarterly dividend on Thursday, August 9th. Shareholders 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 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, August 20th. This is an increase from Microchip Technology's previous quarterly dividend of $0.36. View Microchip Technology's Dividend History.

Microchip Technology Inc. (NASDAQ:MCHP) announced its quarterly earnings results on Thursday, August, 9th. The semiconductor company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.13. The semiconductor company earned $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Microchip Technology had a net margin of 2.85% and a return on equity of 36.33%. The company's revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. 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 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.

17 brokers have issued 12 month price targets for Microchip Technology's stock. Their forecasts range from $95.00 to $150.00. On average, they anticipate Microchip Technology's stock price to reach $114.6471 in the next year. This suggests a possible upside of 38.5% from the stock's current price. View Analyst Price Targets for Microchip Technology.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 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 during the month of August. As of August 31st, there was short interest totalling 34,523,421 shares, an increase of 4.3% from the August 15th total of 33,098,725 shares. Based on an average daily trading volume, of 3,304,776 shares, the days-to-cover ratio is presently 10.4 days. Approximately 15.0% of the company's stock 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), Advanced Micro Devices (AMD), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), Kyocera (KYOCY), Kyocera (KYO), Xilinx (XLNX), STMicroelectronics (STM), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), ASE Technology (ASX) and Qorvo (QRVO).

Media coverage about MCHP stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. 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 0.18 on Accern's scale. They also assigned media coverage about the semiconductor company an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Microchip Technology.

Microchip Technology's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (5.49%), Northern Trust Corp (1.35%), Massachusetts Financial Services Co. MA (1.31%), Waddell & Reed Financial Inc. (1.30%), OppenheimerFunds Inc. (0.74%) and Coho Partners Ltd. (0.66%). 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 bought 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 $82.75.

Microchip Technology has a market capitalization of $19.17 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]