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

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$98.16 +0.56 (+0.57 %)
(As of 04/24/2019 05:51 AM ET)
Previous Close$97.60
Today's Range$97.56 - $99.24
52-Week Range$60.70 - $104.20
Volume2.30 million shs
Average Volume2.89 million shs
Market Capitalization$23.26 billion
P/E Ratio18.91
Dividend Yield1.50%
Beta1.23
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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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$3.98 billion
Cash Flow$8.5729 per share
Book Value$14.00 per share

Profitability

Net Income$255.40 million

Miscellaneous

Employees14,234
Market Cap$23.26 billion
Next Earnings Date5/8/2019 (Confirmed)
OptionableOptionable

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 Tuesday, February 5th. Shareholders of record on Thursday, February 21st will be paid a dividend of $0.365 per share on Thursday, March 7th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, February 20th. This is an increase 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) released its quarterly earnings results on Tuesday, February, 5th. The semiconductor company reported $1.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.45 by $0.21. The semiconductor company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Microchip Technology had a return on equity of 32.30% and a net margin of 6.53%. The business's revenue was up 42.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 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 Wednesday, May 8th 2019. View Earnings Estimates for Microchip Technology.

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

Microchip Technology updated its fourth quarter earnings guidance on Tuesday, February, 5th. The company provided earnings per share (EPS) guidance of $1.26-1.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55. The company issued revenue guidance of $1.251-1.403 billion, compared to the consensus revenue estimate of $1.39 billion.Microchip Technology also updated its Q4 2019 guidance to $1.26-1.53 EPS.

What price target have analysts set for MCHP?

17 Wall Street analysts have issued 12-month price targets for Microchip Technology's stock. Their forecasts range from $75.00 to $130.00. On average, they anticipate Microchip Technology's share price to reach $103.2353 in the next twelve months. This suggests a possible upside of 5.2% 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 6 hold ratings and 11 buy ratings 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 reported stellar third-quarter results. Also, both top and bottom line increased year over year. However, the company provided not so encouraging forthcoming guidance. Increasing lead time and significant exposure to Asian markets is anticipated to limit gross margin expansion. Unfavorable movement in exchange rates continue to adversely impact the top line of the company and undermine its growth potential to some extent. Microchip has a highly leveraged balance sheet which adds to its woes. Nonetheless, the company is benefiting from robust demand for 8-bit, 16-bit and 32-bit microcontrollers. We believe Microchip is well poised to capitalize on Microsemi’s growth catalysts. Apart from a robust portfolio, the buyout is likely to expand Microchip’s total addressable markets. Microchip also rides on strong demand for microcontroller and analog products, robust product pipeline and excellent semiconductor industry prospects." (2/11/2019)
  • 2. Needham & Company LLC analysts commented, "MCHP reported strong 2Q19 results driven by growth across all segments. MCHP is doing a good job of integrating Microsemi and forecasts $8 of EPS in FY20. Unsurprisingly, there’s a temporary pause in auto due to the transition to the new emission standards in Europe and softness in China. While uncertainty still exists around the Chinese tariffs, MCHP has reduced MSCC and internal inventory to managed levels. We see growth drivers in Aerospace/Defense, continued synergies from MSCC and de-leveraging. With the stock down 20% YTD, we believe the shares are discounting much of this uncertainty." (11/8/2018)
  • 3. Cfra analysts commented, "Sales are likely to increase 48% in FY 19 (Mar.) and 11% in FY 20, reflecting the acquisition of 14% increase in FY 18. MCHP is gaining share within most microcontroller categories, driven by new product momentum. Orders are likely to trend upwards over time, but there is limited visibility given demand uncertainty in China." (9/19/2018)
  • 4. 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)

Has Microchip Technology been receiving favorable news coverage?

Media headlines about MCHP stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Microchip Technology earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an effect on the company's share price in the near term.

Are investors shorting Microchip Technology?

Microchip Technology saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 36,456,840 shares, an increase of 2.3% from the March 15th total of 37,312,750 shares. Based on an average daily trading volume, of 2,163,638 shares, the days-to-cover ratio is presently 16.8 days. Approximately 15.7% of the company's shares are sold short. View Microchip Technology's Current Options Chain.

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), Applied Materials (AMAT), Alibaba Group (BABA), Lam Research (LRCX), Cisco Systems (CSCO), Netflix (NFLX), Adobe (ADBE) and QUALCOMM (QCOM).

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 investors include Fenimore Asset Management Inc. (0.30%), Gateway Investment Advisers LLC (0.10%), Selz Capital LLC (0.06%), Columbus Circle Investors (0.06%), Retirement Systems of Alabama (0.05%) and Bank of The West (0.04%). Company insiders that own Microchip Technology stock include Esther Johnson, Ganesh Moorthy, James Eric Bjornholt, L B Day, Matthew W Chapman, Mitchell R Little, 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 BB&T Corp, Pennsylvania Trust Co, Landmark Bank, Orrstown Financial Services Inc., Boenning & Scattergood Inc., DNB Asset Management AS, First Hawaiian Bank and Douglas Lane & Associates LLC. 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 Stephen V Drehobl. View Insider Buying and Selling for Microchip Technology.

Which institutional investors are buying Microchip Technology stock?

MCHP stock was purchased by a variety of institutional investors in the last quarter, including Selz Capital LLC, Columbus Circle Investors, Pacer Advisors Inc., Glaxis Capital Management LLC, Fenimore Asset Management Inc., QUANTRES ASSET MANAGEMENT Ltd, Sciencast Management LP and Mercer Global Advisors Inc. ADV. 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 $98.16.

How big of a company is Microchip Technology?

Microchip Technology has a market capitalization of $23.26 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.

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:  2.9 out of 5 (star star)
Outperform Votes:  649 (Vote Outperform)
Underperform Votes:  471 (Vote Underperform)
Total Votes:  1,120
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 4/24/2019 by MarketBeat.com Staff

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