NASDAQ:MCHP

Microchip Technology Stock Forecast, Price & News

$157.42
+0.91 (+0.58 %)
(As of 09/21/2021 01:34 PM ET)
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Today's Range
$155.16
$158.02
50-Day Range
$131.98
$163.11
52-Week Range
$95.53
$166.67
Volume23,342 shs
Average Volume1.99 million shs
Market Capitalization$43.14 billion
P/E Ratio92.60
Dividend Yield1.09%
Beta1.68
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Microchip Technology logo

About Microchip Technology

Microchip Technology, Inc. engages in the provision of semiconductor products. It operates through the Semiconductor Products and Technology Licensing segments. The Semiconductor Products segment involves in the designing, developing, manufacturing, and marketing microcontrollers, development tools and analog, interface, mixed signal, connectivity devices, and timing products. The Technology Licensing segment offers license fees and royalties associated with technology licenses for the use of SuperFlash embedded flash and Smartbits one time programmable technologies. The company was founded on February 14, 1989 and is headquartered in Chandler, AZ.

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MarketRank

Overall MarketRank

3.00 out of 5 stars

Computer And Technology Sector

9th out of 858 stocks

Semiconductors & Related Devices Industry

4th out of 116 stocks

Analyst Opinion: 2.4Community Rank: 4.7Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Microchip Technology (NASDAQ:MCHP) Frequently Asked Questions

Is Microchip Technology a buy right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Microchip Technology in the last year. There are currently 4 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Microchip Technology stock.
View analyst ratings for Microchip Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Microchip Technology?

Wall Street analysts have given Microchip Technology a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Microchip Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Microchip Technology?

Microchip Technology saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,700,000 shares, a decline of 19.7% from the August 15th total of 5,850,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is currently 2.5 days. Approximately 1.8% of the company's stock are sold short.
View Microchip Technology's Short Interest
.

When is Microchip Technology's next earnings date?

Microchip Technology is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Microchip Technology
.

How were Microchip Technology's earnings last quarter?

Microchip Technology Incorporated (NASDAQ:MCHP) issued its earnings results on Tuesday, August, 3rd. The semiconductor company reported $0.99 EPS for the quarter, topping the Zacks' consensus estimate of $0.96 by $0.04. The semiconductor company earned $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. Microchip Technology had a net margin of 8.40% and a trailing twelve-month return on equity of 32.10%. During the same period in the prior year, the business earned $0.78 earnings per share.
View Microchip Technology's earnings history
.

How has Microchip Technology's stock price been impacted by Coronavirus (COVID-19)?

Microchip Technology's stock was trading at $36.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MCHP shares have increased by 322.8% and is now trading at $155.16.
View which stocks have been most impacted by COVID-19
.

How often does Microchip Technology pay dividends? What is the dividend yield for Microchip Technology?

Microchip Technology declared a quarterly dividend on Tuesday, August 3rd. Stockholders of record on Friday, August 20th will be given a dividend of $0.2185 per share on Friday, September 3rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, August 19th.
View Microchip Technology's dividend history
.

Is Microchip Technology a good dividend stock?

Microchip Technology pays an annual dividend of $1.75 per share and currently has a dividend yield of 1.09%. Microchip Technology has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Microchip Technology is 29.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Microchip Technology will have a dividend payout ratio of 20.83% next year. This indicates that Microchip Technology will be able to sustain or increase its dividend.
View Microchip Technology's dividend history.

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

Microchip Technology issued an update on its second quarter 2022 earnings guidance on Tuesday, August, 17th. The company provided earnings per share guidance of $2.050-$2.170 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.990. The company issued revenue guidance of $1.62 billion-$1.68 billion, compared to the consensus revenue estimate of $1.59 billion.

What price target have analysts set for MCHP?

19 analysts have issued 12 month price objectives for Microchip Technology's shares. Their forecasts range from $62.50 to $105.00. On average, they anticipate Microchip Technology's stock price to reach $91.06 in the next year. This suggests that the stock has a possible downside of 41.3%.
View analysts' price targets for Microchip Technology
or view top-rated stocks among Wall Street analysts.

Who are Microchip Technology's key executives?

Microchip Technology's management team includes the following people:
  • Ganesh Moorthy, President, Chief Executive Officer & Director
  • James Eric Bjornholt, Senior VP, Chief Financial & Accounting Officer (LinkedIn Profile)
  • Kimberly van Herk, Secretary, Vice President & General Counsel
  • Mitchell R. Little, Senior Vice President-Worldwide Client Engagement (LinkedIn Profile)
  • Stephen V. Drehobl, Senior Vice President-MCU8 & MCU16 Business Units

What is Steve Sanghi's approval rating as Microchip Technology's CEO?

534 employees have rated Microchip Technology CEO Steve Sanghi on Glassdoor.com. Steve Sanghi has an approval rating of 90% among Microchip Technology's employees.

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), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Alibaba Group (BABA), Cisco Systems (CSCO), Applied Materials (AMAT), Lam Research (LRCX) and Broadcom (AVGO).

What is Microchip Technology's stock symbol?

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

Who are Microchip Technology's major shareholders?

Microchip Technology's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.28%), Price T Rowe Associates Inc. MD (6.55%), Dodge & Cox (5.31%), Principal Financial Group Inc. (1.99%), Geode Capital Management LLC (1.75%) and Northern Trust Corp (1.31%). Company insiders that own Microchip Technology stock include Ganesh Moorthy, James Eric Bjornholt, John P Sexton, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl 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 Dodge & Cox, Mar Vista Investment Partners LLC, Los Angeles Capital Management LLC, Principal Financial Group Inc., Massachusetts Financial Services Co. MA, Cibc World Markets Corp, Canada Pension Plan Investment Board, and Man Group plc. Company insiders that have sold Microchip Technology company stock in the last year include James Eric Bjornholt, John P Sexton, Matthew W Chapman, Mitchell R Little, Richard J Simoncic, Stephen V Drehobl, and Wade F Meyercord.
View insider buying and selling activity for Microchip Technology
or view top insider-selling stocks.

Which major investors are buying Microchip Technology stock?

MCHP stock was acquired by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, Vanguard Group Inc., NZS Capital LLC, UBS Asset Management Americas Inc., Geode Capital Management LLC, Susquehanna International Group LLP, Cubist Systematic Strategies LLC, and Ardevora Asset Management LLP.
View insider buying and selling activity for Microchip Technology
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Microchip Technology's stock price today?

One share of MCHP stock can currently be purchased for approximately $155.16.

How much money does Microchip Technology make?

Microchip Technology has a market capitalization of $42.52 billion and generates $5.44 billion in revenue each year. The semiconductor company earns $349.40 million in net income (profit) each year or $5.86 on an earnings per share basis.

How many employees does Microchip Technology have?

Microchip Technology employs 19,500 workers across the globe.

Does Microchip Technology have any subsidiaries?

The following companies are subsidiares of Microchip Technology: Atmel, EqcoLogic, HI-TECH Software, IDENT Technology, ISSC Technologies Corp, LegUp Computing, MBarb Malta Limited, MCHP Technology Malta Limited, Micrel, Microchip Communications LLC, Microchip Malta BMD Limited, Microchip Technology (Thailand) Co. Ltd., Microchip Technology Ireland Limited, Microchip Technology LLC, Microsemi, Microsemi - IOM Limited, Microsemi Corp. - Holding 2, Microsemi Corp. – Holding, Microsemi Corporation, Microsemi SoC Corp., Microsemi Solutions SDN BHD., Microsemi Solutions UK Limited, Microsemi Storage Solutions Inc., Novocell Semiconductor, PowerSmart, R&E International, Roving Networks, SMSC, Silicon Storage Technology, Silicon Storage Technology Inc., Supertex, Tekron, and ZeroG Wireless.

When was Microchip Technology founded?

Microchip Technology was founded in 1989.

What is Microchip Technology's official website?

The official website for Microchip Technology is www.microchip.com.

Where are Microchip Technology's headquarters?

Microchip Technology is headquartered at 2355 W CHANDLER BLVD, CHANDLER AZ, 85224.

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].


This page was last updated on 9/21/2021 by MarketBeat.com Staff
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