NASDAQ:MCHP - Microchip Technology Stock Price, Price Target & More

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

Microchip Technology announced a quarterly dividend on Tuesday, May 8th. Stockholders of record on Monday, May 21st will be given a dividend of $0.3635 per share on Monday, June 4th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, May 18th. 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) released its earnings results on Tuesday, May, 8th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.13. The semiconductor company had revenue of $1 billion for the quarter, compared to the consensus estimate of $984.80 million. Microchip Technology had a net margin of 6.41% and a return on equity of 38.62%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 earnings per share. View Microchip Technology's Earnings History.

Microchip Technology is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Microchip Technology.

Microchip Technology updated its first quarter earnings guidance on Tuesday, May, 8th. The company provided earnings per share guidance of $1.39-1.49 for the period, compared to the Thomson Reuters consensus estimate of $1.43. The company issued revenue guidance of $1.012-1.062 billion, compared to the consensus revenue estimate of $1.03 billion.

16 brokerages have issued 1 year price objectives for Microchip Technology's shares. Their predictions range from $68.78 to $135.00. On average, they anticipate Microchip Technology's stock price to reach $112.5853 in the next year. This suggests a possible upside of 19.3% from the stock's current price. View Analyst Ratings 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 and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Microchip Technology saw a increase in short interest in June. As of June 29th, there was short interest totalling 30,510,967 shares, an increase of 1.5% from the June 15th total of 30,046,732 shares. Based on an average daily trading volume, of 2,262,911 shares, the short-interest ratio is presently 13.5 days. Currently, 13.3% of the company's stock are sold short. 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), Infineon Technologies (IFNNY), TOKYO ELECTRON/ADR (TOELY), STMicroelectronics (STM), Kyocera (KYO), Skyworks Solutions (SWKS), Xilinx (XLNX), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), IPG Photonics (IPGP), Marvell Technology Group (MRVL) and Qorvo (QRVO).

News stories about MCHP stock have trended somewhat positive this week, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Microchip Technology earned a media sentiment score of 0.08 on Accern's scale. They also assigned media coverage about the semiconductor company an impact score of 47.58 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Microchip Technology's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.39%), Fred Alger Management Inc. (0.30%), Davis R M Inc. (0.22%), Gateway Investment Advisers LLC (0.10%), First National Bank of Omaha (0.09%) and Bank of Montreal Can (0.09%). Company insiders that own Microchip Technology stock include Esther Johnson, 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 Fred Alger Management Inc., Bank of Montreal Can, Gateway Investment Advisers LLC, Hartford Investment Management Co., Fenimore Asset Management Inc., Boltwood Capital Management, Municipal Employees Retirement System of Michigan and Fjarde AP Fonden Fourth Swedish National Pension Fund. 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 acquired by a variety of institutional investors in the last quarter, including Davis R M Inc., Westpac Banking Corp, Benson Investment Management Company Inc., M. Kraus & Co, Handelsbanken Fonder AB, Miller Howard Investments Inc. NY, BKD Wealth Advisors LLC and Campbell & CO Investment Adviser LLC. 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 $94.37.

Microchip Technology has a market capitalization of $22.32 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]